“China’s car market heads for worst year since 2021 as sales plunge 20%”
August 18, 2026
“The China Passenger Car Association lowered its 2026 sales growth forecast to -14% in June, as sales fell 20.2% in the first half year-on-year.
Soaring fuel costs and shifting new energy subsidies have stifled consumer demand in 2026.
High production costs further narrow profit margins, which is expected to push automakers out of the market.
Analysts expect faltering auto demand to recover next year as export growth drives the sector forward…”
https://www.cnbc.com/2026/07/20/china-automotive-car-worst-year-sales-fall-20percent.html