Shanghai (ZXZC)- For the first three weeks of November 2020, the average daily retail sales of locally-produced PVs reached 45,329 units in China, up by 13% year on year and rising 2% compared to the same period a month ago, according to the China Passenger Car Association (CPCA).

To be specific, the daily PV deliveries stood at 35,094 units in the first week, growing 20% and 42% year on year and month on month. For the second week, the PV retail sales reached 49,854 units on a daily basis, rising 15% from the year-ago period, while dropping 13% from the previous month. During the third week of Nov., the daily average number amounted to 52,501 units, climbing 7% over a year earlier, but edging down 1% over a month ago.

According to the CPCA, the retail sales of the domestically-produced PVs (hereby referring to cars, SUVs and MPVs) are forecasted to reach 2.14 million units in November.

The association said the month-on-month downturn for the second week is a normal phenomenon as dealers are busy with delivering cars after receiving quite a few orders during the National Day holiday in early October.

Automobile dealers gained delivery growth in early Nov., thus the pressure on fulfilling the monthly sales goal was correspondingly relieved. The reasonable delivery pace was thanks to the stable macro-economic climate, the efficient control of coronavirus pandemic, the high car shopping demands buoyed by the personalized travelling options for winter, and dealers' restored confidence over the robust retail performance of the overall PV market, said the CPCA.

Besides, the traffic restrictions for non-local plates implemented in Shanghai will lift new energy vehicle (NEV) sales in the short term.