English Title:
China’s PV retail sales plunge 28% in September

中文标题：
中国光电零售在9月份跌了28%

English Content:
Retail sales of light passenger vehicles in China, including sedans, MPVs, and SUVs, plunged by 28% year-on-year to 1.603 million units in September 2026 after rising by 6% to 2.241 million units million units in the same month last year, according to data compiled by the China Passenger Car Association (CPCA). This was the twelfth consecutive month of decline for the domestic passenger vehicle market, while exports of built-up and knocked-down vehicles continued to surge – rising by 74% to 917,000 units from 528,000 units a year earlier. Retail sales of new energy passenger vehicles (NEVs), comprising mainly battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), declined by 17% to 1,084,000 units, while sales of other passenger vehicles, including internal combustion engine (ICE) vehicles and hybrid electric vehicles (HEVs), plunged by 43% to 519,000 units last month. Overall retail sales of light passenger vehicles in China fell by 22% to 13.334 million units in the first nine months of 2026 after rising by over 9% to 17.031 million units in the same period last year. All major segments declined, including NEV sales which fell by 13% to 7.758 million units following the withdrawal of some government subsidies and tax exemptions, while sales of ICE and HEV passenger vehicles dropped by 31% to 5.576 million units. Economic growth in China slowed sharply in the second quarter of 2026, to 4.3% year-on-year from 5.0% in the first quarter, with growth driven mainly by strong exports while household spending weakened. Measures introduced by the central government to boost consumer spending have been offset by rising fuel and energy prices resulting from the war in the Middle East. Passenger vehicle exports surged by over 76% to 7.015 million units in the first nine months of the year, with NEV exports surging by 139% to 3.887 million units. GlobalData is forecasting a 19% decline in light vehicle sales to 21.8 million units in 2026, down from 26.9 million units in 2025. "China's PV retail sales plunge 28% in September" was originally created and published by Just Auto, a GlobalData owned brand.

中文正文：
包括轿车,MPV,SUV在内的中国轻型客车的零售量,根据中国客车协会(CPA)汇编的数据,在去年同月上涨6%至2241万辆后,在2026年9月下跌28%,达到160.3万辆. 这是国内客运车辆市场连续第十二个月的下滑,而已建成和被撞车辆的出口继续猛增 — — 从一年前的528,000辆增加到917 000辆 — — 增长了74%。 新能源客车(NEVs)的零售销售,主要包括电池电动车(BEVs)和插座混合动力车(PHEVs),下降了17%,为1,084000辆,而其他客车,包括内燃机车(ICE)和混合动力车(HEVs)的销售,则在上个月跌了43%至519000辆. 中国轻型客车的零售总额在去年同期上升了9%以上,达到17.031亿辆,之后在2026年的前9个月里下降了22%,下降到133.34亿辆. 所有主要部门都有所下降,包括NEV的销售额在2004年之后下降了13%,降至775.8万套 取消一些政府补贴和免税,而ICE和HEV客车的销售量下降了31%,达到557.6万辆。 中国的经济增长在2026年第二季度急剧放缓,从第一季度的5.0%下降到年同比的4.3%,增长主要是由强劲的出口推动的,而家庭开支却在减弱。 中央政府为增加消费者开支而采取的措施被中东战争造成的燃料和能源价格上涨所抵消。 本年度前9个月,客车出口猛增76%以上,达到701.5万辆,NEV出口猛增139%,达到388.7万辆. GlobalData预测轻型汽车销售量将下降19%,从2025年的2690万辆下降到2026年的2180万辆. "中国光电零售9月跌28%"最初由全球Data拥有的品牌Just Auto创建并出版.