{"id":237831,"date":"2023-09-09T14:50:55","date_gmt":"2023-09-09T14:50:55","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=237831"},"modified":"2023-09-09T14:50:55","modified_gmt":"2023-09-09T14:50:55","slug":"china-tesla-retail-sales-almost-doubled-in-august-2023","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/electric-cars\/china-tesla-retail-sales-almost-doubled-in-august-2023\/","title":{"rendered":"China: Tesla Retail Sales Almost Doubled In August 2023"},"content":{"rendered":"<p>In August, Tesla&#8217;s sales of Made-in-China (MIC) Model 3\/Model Y in China and exports from China went in opposite directions compared to the previous year.<\/p>\n<p>According to the China Passenger Car Association (CPCA)&#8217;s data, the overall wholesale vehicle shipments (local retail sales and exports) of MIC Model 3\/Model Y\u00a0amounted to 84,159 units (up 9 percent year-over-year).<\/p>\n<p><em>* CPCA reports wholesale shipments, not registrations\/customer deliveries.<\/em><\/p>\n<p>While the overall result is positive, it turns out that the exports were significantly lower, and the growth comes solely from higher local sales.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/tesla-model-3y-mic-china-8-2023a.png\"><\/p>\n<p>During the first eight months of the year, the total wholesale sales amounted to 624,983, which is 56 percent more than a year ago at this point.<\/p>\n<h3><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>Retail Sales in China<\/h3>\n<p>Last month, the company&#8217;s local sales in China amounted to 64,694 MIC cars (almost 88 percent more than a year ago).<\/p>\n<p>That&#8217;s an interesting outcome, suggesting that the manufacturer focused on local sales while preparing the significantly upgraded new Tesla Model 3 (aka Highland).<\/p>\n<p><em>Tesla MIC retail sales in China are usually the highest in the final month of a quarter (the first half of a quarter is usually focused on exports).<\/em><\/p>\n<p>So far this year, Tesla locally sold over 390,000 MIC electric cars in China, which is 62 percent more than a year ago.<\/p>\n<p>In other words, after applying several price cuts and incentives, Tesla is selling better than ever in China, although the margins are most likely affected.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/tesla-model-3y-mic-china-8-2023b.png\"><\/p>\n<h3><span><svg class=\"arrow-heading\"><use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-dc6b7de11d922cb73553899f27128303.svg#sqr-arrow\"\/><\/svg><\/span>Export<\/h3>\n<p>According to the report, last month, 19,465 Tesla MIC cars were exported (54 percent less than a year ago).<\/p>\n<p>We guess that the reason was the switch from the old to the new Model 3, which is exported in high volume to Europe (and other markets, at a lower scale). Once the new Model 3 is ready for export, we might see a significant increase in the following months.<\/p>\n<p><em>Tesla usually exports the highest number of cars in the first month of a quarter, and a substantial number of cars also in the second month of a quarter.<\/em><\/p>\n<p>So far this year, Tesla exported 234,761 MIC cars from China, which is 47 percent more than a year ago.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.motor1.com\/images\/custom\/thumbnail\/tesla-model-3y-mic-china-8-2023c.png\"><br \/>\nSource: <a href=\"https:\/\/insideevs.com\/news\/685905\/china-tesla-retail-sales-august2023\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In August, Tesla&#8217;s sales of Made-in-China (MIC) Model 3\/Model Y in China and exports from China went in opposite directions<\/p>\n","protected":false},"author":2,"featured_media":237830,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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