Cui Dongshu published an article stating that from January to September 2026, automobile production was 23.37 million units, down 4% year on year, revenue of 8043.5 billion yuan increased 2.6%, cost 7162.7 billion yuan increased 3.8%, profit of 267.5 billion yuan decreased 23%, and sales margin 3.3%; of these, automobile production in September was 3.06 million units, sales revenue of 1037.4 billion yuan increased 0.6%, cost of 9257 billion yuan increased 2.5%, profit of 14.2 billion yuan, and sales margin 1.4%, which is at a low level in the past 4 years. In 2026, various regions vigorously promoted the implementation of the “two new” policies to gradually and effectively release the vitality of domestic demand, but the improvement in the efficiency of the automobile industry clearly lags behind other consumer goods. As the country's anti-domestic countervailing efforts continue to advance, the automobile industry is being severely squeezed upstream. The price problem is serious. Oil prices have skyrocketed, profits from non-ferrous metals and semiconductors have skyrocketed, end users have a serious wait-and-see mentality when buying cars, the operating pressure on car companies continues to increase, and high-quality development has been greatly impacted upstream.

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