The Zhitong Finance App learned that on November 9, the Passenger Transport Association published an analysis of the national passenger car market for October 2026. In October 2026, the national passenger car market retailed 1.643 million vehicles, down 27.1% year on year and up 1.5% month on month; in January-October, the total retail sales of passenger cars was 14.978 million units, down 22.3% year on year. The most prominent characteristic of the domestic car market in October was that the “peak season was not strong”, and the traditional “Silver Ten” was seriously underdeveloped. Since the Mid-Autumn Festival falls in September, the sales period in October was long, and the performance was better than in September. The purchasing performance of first-time buyers, which supported the growth of the autumn/winter car market this year, was poor. The downturn in the A00 and A class markets indicates that recent policies in the car market have mainly supported consumption upgrades, and the increase in the subsidy threshold has limited the demand for car buyers from those without cars.

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