CAAM: In October, passenger car production and sales reached 2.713 million and 2.662 million units, up 3.3% and 2.9% month-on-month, respectively.

According to the analysis by the China Association of Automobile Manufacturers (CAAM), in October, passenger car production, sales, and domestic sales all showed a trend of "month-on-month growth and year-on-year decline," but passenger car exports maintained high-speed year-on-year growth. In October 2026, passenger car production and sales reached 2.713 million and 2.662 million units, up 3.3% and 2.9% month-on-month, and down 9.4% and 10.1% year-on-year, respectively. From January to October 2026, passenger car production and sales reached 22.688 million and 22.622 million units, down 6.4% and 6.6% year-on-year, respectively. In October 2026, among the main categories of passenger cars, compared with the previous month, production and sales of multi-purpose vehicles (MPV) and cross-type passenger cars declined to varying degrees, while production and sales of the other two major passenger car categories grew slightly; compared with the same period last year, production and sales of sport utility vehicles (SUV) grew slightly, production and sales of cross-type passenger cars increased marginally, and production and sales of the other two major passenger car categories declined significantly. From January to October 2026, among the main categories of passenger cars, compared with the same period last year, production and sales of sport utility vehicles (SUV) grew slightly, while production and sales of the other three major passenger car categories posted double-digit declines. In October 2026, domestic sales of passenger cars reached 1.734 million units, up 3.9% month-on-month and down 27.4% year-on-year. From January to October 2026, domestic sales of passenger cars reached 14.528 million units, down 25.2% year-on-year. In October 2026, passenger car exports reached 927,000 units, up 0.9% month-on-month and up 62.3% year-on-year. From January to October 2026, passenger car exports reached 8.094 million units, up 69.6% year-on-year.