Tesla Noticeably Increased EV Sales In March 2023
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In March, Tesla noted one of the strongest months of EV sales in China so far – in many cases, not far from record levels.
According to the China Passenger Car Association (CPCA)’s data, the overall wholesale vehicle shipments (local retail sales and export) of Made-in-China (MIC) Model 3/Model Y amounted to 88,869 units, which is 35 percent more than a year ago, and the second highest result ever.
* CPCA reports wholesale shipments, not registrations/customer deliveries.
The only time when the total volume was higher was in November 2022 (100,291 units).
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During the first quarter of 2023, the total volume amounted to 229,322 MIC cars, which is close to 26 percent more than a year ago, and a new quarterly record (Q4 2022 was 227,791).
According to the data, last month, the company’s local sales in China amounted to 76,663 MIC cars, which is 17 percent more than a year ago.
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 export).
So far this year, Tesla sold more than 137,000 MIC electric cars in China, which is 27 percent more than a year ago. In other words, there are no signs of a slowdown.
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According to the report, last month, 12,206 Tesla MIC cars were exported (compared to zero a year ago, when there were lockdown issues).
Tesla usually exports the highest number of cars in the first month of a quarter, and then a substantial number of cars also in the second month of a quarter.
Interestingly, exports during the first quarter of the year, increased by 24 percent year-over-year to almost 92,000 units.
![external_image](https://cdn.motor1.com/images/custom/thumbnail/tesla-model-3y-mic-china-03-2023-c.png)
Tesla produces in Shanghai two MIC models – Model 3 and Model Y (both in various versions). In March, the Tesla Model 3 wholesale (retail sales in China plus export) amounted to 27,202, while the Tesla Model Y amounted to 61,667.
The local retail sales amounted to respectively 21,726 (down 16.5 percent year-over-year) and 54,937 (up 38 percent year-over-year and a new monthly record). The Tesla Model Y quite significantly outsells the Model 3.
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