China's passenger vehicle retail sales fell 24% in September from a year earlier to 1.702 million units, according to the China Passenger Car Association. New-energy vehicle sales declined 12% to 1.141 million units. Cumulative retail sales for 2026 reached 13.42 million units, down 21% from the same period a year earlier.
New-energy vehicle retail sales increased 14% from the previous month, with year-to-date sales totaling 7.816 million units, down 12% on year. The association said new-energy vehicles accounted for 67.1% of passenger vehicle retail sales in September, while their share of wholesale volumes reached 66.1%.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing