February 11 news, passenger branch data show that in January 2025 the national passenger car market retail 1.794 million units, down 12.1% year-on-year, down 31.9% month-on-month. January retail at a historical low, the growth rate of 31.9% is second only to January 2023's 41% decline. January new energy passenger car wholesale sales reached 889,000 units, an increase of 27.1%, down 41.2%. January new energy passenger car retail sales reached 744,000 units, an increase of 10.5%, down 42.9%.