In China, the China Passenger Car Association (CPCA) has reported a notable downturn in passenger vehicle sales, with an estimation of 1.657 million units sold in March 2026. This represents a significant 15.0 percent decrease from the previous year’s figures, despite a notable 60.0 percent uptick compared to the month before. The declining trend extends to the first quarter of 2026, with total passenger vehicle sales reaching 4.236 million units, down by a substantial 17.0 percent year-on-year. This quarter reflects what experts consider the most pessimistic performance in over a decade, excluding the disruptive effects of the 2020 Covid-19 pandemic….
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