China’s total vehicle sales dropped 9.2% year-on-year to 3.016 million units in October 2026, following an 8.4% decline in September, according to the China Association of Automobile Manufacturers (CAAM). New energy vehicle (NEV) sales remained a bright spot, rising 13.1% to a record high of 1.94 million units, although growth eased from 13.6% in September, as strong export growth offset a decline in domestic sales. NEVs accounted for 64.3% of total sales, up from 61.6% in September, marking the fourth straight month above 60%. However, total vehicle sales increased 2% month-on-month in October.
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