The Zhitong Finance App learned that on November 12, the China Association of Automobile Manufacturers released a brief analysis of the automobile industry's production and sales situation in October 2026. According to an analysis by the China Association of Automobile Manufacturers, in October, automobile production and sales increased month-on-month, with a slight year-on-year decline. Exports have maintained strong resilience. The monthly export volume has remained above 1 million vehicles for 5 consecutive months. New energy vehicles have been growing steadily, and the share of sales has continued to increase. The favorable factors effectively support the smooth operation of the industry.
In October 2026, automobile production and sales reached 3.063 million units and 3.06 million units, respectively, up 2.5% and 2% month-on-month, respectively, and down 8.8% and 9.2% year-on-year, respectively.
From January to October 2026, automobile production and sales completed 26.318 million units and 26.286 million units, respectively, down 5% and 5.1% from the previous year.
In October 2026, production and sales of passenger cars reached 2.713 million units and 2.662 million units, respectively, up 3.3% and 2.9% month-on-month, and down 9.4% and 10.1%, respectively.
From January to October 2026, passenger car production and sales reached 22.688 million units and 22.622 million units, respectively, down 6.4% and 6.6% from the previous year.
In October 2026, commercial vehicle production and sales completed 350,000 units and 354,000 units, respectively, down 3.7% and 3.9% from the previous month, and 3.7% and 1.8%, respectively.
From January to October 2026, commercial vehicle production and sales reached 3.629 million units and 3.663 million units, respectively, up 5% and 5.3% year-on-year, respectively.
In October 2026, production and sales of new energy vehicles reached 2.17 million units and 1.94 million units, respectively, up 13.8% and 13.1% year-on-year, respectively.
From January to October 2026, production and sales of new energy vehicles reached 14.509 million units and 14.411 million units, respectively, up 11.5% and 11.3% year-on-year, respectively.
In October 2026, domestic automobile sales reached 1.95 million units, up 2.4% month-on-month and 26.6% year-on-year.
From January to October 2026, domestic automobile sales were 17.014 million units, a year-on-year decrease of 22.9%.
In October 2026, 1.06 million vehicles were exported, up 1.3% month-on-month and 60.2% year-on-year.
From January to October 2026, 9.271,000 vehicles were exported, up 65.1% year on year.