China’s Passenger Car Sales Slump 24% in August

Retail sales of passenger cars in China plummeted 23.6% year-on-year in August, marking the second-sharpest monthly decline this year as the market showed no signs of a sustained recovery.

The monthly contraction brought total domestic retail sales of passenger vehicles for the first eight months of 2026 to 11.7 million units, a 20.8% drop from the same period last year, according to data released on Tuesday by the China Passenger Car Association (CPCA).