Chinese Vehicle Sales Decline in June Amid Market Challenges
In June 2026, total vehicle sales in China fell by 3.2% year-on-year to 2.81 million units due to a sharp drop in domestic demand and the end of government subsidies for new energy vehicles (NEVs). Exports rose sharply by 75%, but this was not enough to offset declining local sales, which dropped 23%. The market is also being affected by efforts to curb aggressive price competition among automakers.