China’s PV retail sales fall 14% in December

Retail income of rider vehicles successful China, including sedans, MPVs, and SUVs, declined by implicit 14% year-on-year to 2.261 cardinal units successful December 2025 from 2.635 cardinal units successful the aforesaid period past year, according to information compiled by the China Passenger Car Association (CPCA).

This was the 3rd consecutive period of diminution for this market, aft rebounding powerfully for implicit a year, driven by authorities income incentives and assertive terms contention among section manufacturers. The marketplace is present looking somewhat saturated, arsenic it comes up against beardown year-earlier volumes, portion home user sentiment remains cautious overall.

China’s system is estimated to person expanded by 5% year-on-year successful the 4th fourth of 2025, up from 4.8% successful the 3rd quarter, driven chiefly by beardown manufacturing and export maturation contempt the ongoing commercialized tensions with the US.

Over the afloat year, rider conveyance retail income successful China roseate by 3.9% to 23.774 cardinal units from 22.892 cardinal units successful 2024. Sales of caller vigor vehicles (NEVs) accrued by 2.6% to a grounds 1.337 cardinal units successful December, resulting successful a 17.6% emergence to 12.82 cardinal units implicit the afloat twelvemonth from 10.90 cardinal successful 2024, portion income of ICE rider vehicles fell by 9% to 10.954 cardinal units from 11.992 cardinal units previously.

The Chinese authorities confirmed it volition proceed its conveyance trade-in subsidy programme successful 2026, arsenic portion of its broader argumentation of driving up home consumption. GlobalData is forecasting conscionable a flimsy summation successful airy conveyance retail income to 27.63 cardinal units successful the state successful 2026, including airy commercialized vehicles up to 6 tons gross conveyance weight, up from 27.30 cardinal units successful 2025.

"China’s PV retail income autumn 14% successful December" was primitively created and published by Just Auto, a GlobalData owned brand.

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