Cui Dongshu of the Passenger Transport Association said that in September 2026, the national passenger car market retailed 1.618 million vehicles, down 28.0% year on year and up 5.0% from month to month; from January to September, passenger cars sold a total of 13.334 million units, a decrease of 21.7% year on year. The most prominent characteristic of the September car market is the “poor peak season”, and the traditional “Golden Nine” is seriously underdeveloped. In previous years, the “Golden Nine” market generally rose and was released together with the first purchase and exchange. This year, under the stock game, this year, demand for fuel vehicles continued to shrink sharply. September became a month with an unusually prominent decline in retail sales in the current wheel car market, due to a combination of factors: first, the Mid-Autumn Festival holiday was brought forward to late September, and sales during the Mid-Autumn Festival week clearly weakened; second, subsidies were withdrawn in some provinces in September last year, spawning a concentrated subsidy market, forming a high comparison base; third, high fuel prices continued to curb fuel vehicle consumption: since the end of September, gasoline increased by 2,375 yuan/ton during the year. Consumption of fuel vehicles continued to decline, and the retail penetration rate of new energy sources climbed to a high level of 67%, replacing “oil and electricity” Accelerate progress; fourth, the price of AI-driven memory and chips has skyrocketed and supply is tight Factors such as these have led to the recent slow growth of new energy products, etc. This is the result of a combination of factors.

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