Decline in China’s Passenger Vehicle Retail Sales Persists

Passenger vehicle retail sales in China saw a significant decline in September 2026. According to the China Passenger Car Association (CPCA), sales amounted to 1.702 million units, marking a 24.0 percent decrease year on year. However, the sales showed a monthly growth of 10.0 percent. In the first nine months of 2026, China experienced a total of 13.418 million units in passenger vehicle retail sales, showcasing a 21.0 percent drop compared to the previous year. The CPCA’s analysis underlines the challenging trends faced by the Chinese automotive market. The CPCA’s data revealed that new energy vehicle (NEV) sales also faced…