China’s passenger vehicle market is on track for its weakest year since 2021 as sales fall sharply after record deliveries in 2025. According to industry reporting, first-half 2026 passenger car sales decline 20.2% year over year to about 8.7 million units. The downturn follows record-high 2025 sales of 23.7 million units. The China Passenger Car Association lowers its outlook for the full year, projecting a 14% drop and about 20.4 million deliveries, compared with 23.7 million in 2025. Another cited forecast from Citic CLSA’s Xiao Feng expects a roughly 20% decline for the full year. Separately, CNBC reports that the broader car market is heading for its worst year since 2021, with sales plunging around 20%. Taken together, the outlets describe continued weakness in consumer demand, reflected in both first-half results and revised full-year forecasts.
China’s car market set for worst year since 2021 as sales drop about 20%
China’s passenger vehicle market is on track for its weakest year since 2021 as sales fall sharply after record deliveries in 2025. According to industry reporting, first-half 2026 passenger car sales...
- China’s passenger car sales fall about 20.2% in the first half of 2026 to roughly 8.7 million units.
- Sales in 2025 reach a record 23.7 million vehicles.
- The China Passenger Car Association reduces its full-year forecast, projecting a decline of about 14% to around 20.4 million deliveries.
- A Citic CLSA forecast cited expects about a 20% full-year drop.
- Multiple outlets characterize 2026 as the worst year for car sales since 2021.
China’s passenger car sales fell 20.2% in the first half of 2026 to 8.7 million units, and the China Passenger Car Association has lowered its full-year forecast to a 14% decline, projecting 20.4 million deliveries, down from a record 23.7 million in 2025. Citic CLSA’s Xiao Feng expects a 20% full-year drop. “This is going […] This story continues at The Next Web
16 hours agoConsumer demand for cars in China tumbles following record-high sales of 23.7 million units in 2025.
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