China's domestic car sales seen rising 2% in 2027 after 2026 slump
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓China’s domestic car sales will likely grow 2% in 2027 after a sharp slump in 2026.
- ✓Sales are set to fall to 18.5 million vehicles in 2026 from 23.7 million in 2025.
- ✓Cui Dongshu said the recovery will follow fading headwinds, lower costs, and better products for many buyers.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
BEIJING, Oct 26 (Reuters) - China's domestic passenger vehicle market is set to stage a modest recovery in 2027 after a steeper-than-expected downturn this year, a senior industry executive said on Monday.
Domestic car sales are set to fall to 18.5 million vehicles in 2026, versus 23.7 million in 2025, before rebounding by a median 2% in 2027, said Cui Dongshu, secretary-general of the China Passenger Car Association.
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Behind the recovery will be the fading of short-term headwind, easing cost pressure and improved product offering, though competition is likely to become increasingly polarised, Cui said.
Reporting by Qiaoyi Li and Liz Lee; Editing by Christopher Cushing
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