Cui Dongshu: In May, the market share of passenger cars in the North decreased by 1% year-on-year, with the share of economy cars dropping to a historical low of 18%.

According to the Securities Times app, Cui Dongshu, the secretary general of the China Passenger Car Association, stated in an article that the structural decline in the domestic automotive market is different from the regional consumption policies being implemented, and it is reshaping the development pattern of the domestic passenger car market. Under the strong adjustment of the policy to stimulate domestic demand for passenger cars and the impact of high oil prices, the national passenger car retail market at the beginning of 2026 is showing a special trend of shrinking low-end consumption and differentiated growth due to passive consumption upgrades.