CPCA releases October 2026 national passenger vehicle market data: retail sales 1.643 million units, down 27.1% year-on-year

On November 9, 2026, the China Passenger Car Association (CPCA) released its analysis of the national passenger car market for October 2026. In October 2026, national retail sales of passenger cars reached 1.643 million units, down 27.1% year-on-year and up 1.5% month-on-month; cumulative retail sales of passenger cars from January to October reached 14.978 million units, down 22.3% year-on-year. In October, retail sales of fuel vehicles fell 45% year-on-year, of which pure fuel vehicles fell 51% year-on-year, while conventional hybrid vehicles rose 28% year-on-year. Among fuel vehicles, domestic brands fell 46% year-on-year, mainstream joint venture brands fell 46% year-on-year, and luxury brands fell 37% year-on-year. In October, retail sales of conventional fuel passenger cars reached 530,000 units, down 45% year-on-year and down 0.1% month-on-month; of which conventional hybrid vehicles rose 28% year-on-year and 1.3% month-on-month. In October, retail sales in the new energy passenger car market reached 1.109 million units, down 13.7% year-on-year and up 2.3% month-on-month; from January to October, retail sales in the new energy passenger car market reached 8.869 million units, down 12.9% year-on-year. In October, the retail penetration rate of new energy vehicles in the overall domestic passenger car market was 67.5%, up 10.5 percentage points from the same period in 2025 and up 0.5 percentage points month-on-month. In October, 23 manufacturers achieved monthly wholesale sales of new energy vehicles exceeding 10,000 units, specifically: BYD Auto (482,610 units), Geely Auto (211,240 units), Chery Auto (133,890 units), Leapmotor (103,025 units), Changan Auto (99,494 units), SAIC-GM-Wuling (97,241 units), SAIC Passenger Vehicle (76,479 units), Tesla China (67,829 units), XPeng (50,237 units), Xiaomi Auto (50,168 units), Great Wall Motor (49,498 units), GAC Aion (43,160 units), NIO (34,246 units), Li Auto (29,025 units), Dongfeng Motor (28,141 units), Arcfox (24,857 units), Seres Auto (22,136 units), FAW Bestune (19,643 units), SAIC Volkswagen (17,975 units), FAW-Volkswagen (14,933 units), SAIC-GM (12,344 units), FAW Hongqi (11,629 units), GAC Toyota (11,058 units).