Auto Industry Profit Falls to 267.5 Billion Yuan in First Three Quarters of 2026, Profit Margin at 3.3%

Recently, Cui Dongshu, head of the China Passenger Car Association (CPCA), citing data from the National Bureau of Statistics, stated that in the first three quarters of 2026, the automotive industry's revenue rose 2.6% year-on-year to 80,435 billion yuan; costs increased 3.8% to 71,627 billion yuan; profits fell 23% to 267.5 billion yuan, with a profit margin of 3.3%. In September, the automotive industry's profits dropped 68% year-on-year to 14.2 billion yuan, with a profit margin of 1.4%. Cui Dongshu noted that the automotive industry's profit margin has declined from 7.8% in 2017 to 4.1% in 2025.