China's Car Market Heads for Worst Year Since 2021 as Sales Plunge 20% The Chinese car market is on track to experience its worst year since 2021, a stark reversal from the record high sales in 2025.
Analysts predict a modest rebound in 2027, fueled by exports and a cyclical recovery, but the current decline indicates that China's auto industry faces unprecedented headwinds.
Passenger vehicle sales have plummeted by 20. 2% in the first half of this year, with the China Passenger Car Association (CPCA) revising its full year retail sales projection to a decline of 14%.