February Auto Market Enters Adjustment Phase; Sales Expected to Dip Month-on-Month

According to data released by the China Automobile Dealers Association on February 2, the Automotive Consumption Index stood at 31.1 in January 2026. Due to multiple factors—including the extended Spring Festival holiday, earlier-than-usual fulfillment of pre-holiday vehicle purchase demand, the phasing out of preferential policies on new energy vehicle purchase taxes, and widespread consumer anticipation of post-holiday promotions and new model launches—the automotive market is expected to enter a period of seasonal adjustment in February, with overall sales projected to decline from January levels and enter the traditional off-season.