China's Auto Market Share Hits 31% Globally in Jan-Apr 2026; Rebound Expected in H2

From January to April 2026, global vehicle sales reached 30.96 million units, up 1% year-on-year. During the same period, China's auto sales declined by 5% year-on-year, accounting for 30.9% of the global market share; U.S. auto sales fell by 6%; while India, Thailand, and Russia saw growth of 15%, 17%, and 6%, respectively. Germany’s market performed relatively well, supported by the reinstatement of new energy vehicle subsidies. Global auto sales totaled 96.89 million units in 2025, an increase of 6% year-on-year, with China holding a 35.4% share of the global market that year. In April 2026 alone, global vehicle sales reached 7.99 million units, up 4% year-on-year. Affected by factors such as the Lunar New Year holiday, China’s auto market showed relatively weak performance in early 2026. However, as policy stimulus measures gradually take effect, the market is expected to strengthen progressively in the second half of the year. Compared with 2019, Chinese domestic brands have significantly expanded their global market share, with companies such as Geely, BYD, Chery, SAIC, and Changan demonstrating strong performance. The accelerating shift toward electrification has led to declining market shares for many international automakers; apart from Toyota, Hyundai-Kia, Suzuki, and Tata, most global brands experienced substantial share losses in 2026.