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China car sales slump sets up worst year since 2021

CNBC reports 2025 vehicle sales hit a record 23.7 million units before demand weakened sharply into the following year, with sales projected to fall 20%.

Reported · Written up by our desk · Fund Industry

China's consumer auto demand is deteriorating, setting up the market for its worst year since 2021 as sales are projected to drop 20%, CNBC Finance reports.

The slump follows record-high Chinese car sales of 23.7 million units in 2025, indicating the demand slowdown is occurring after a peak period.

CNBC Finance links the shift to weaker consumer demand, as the market heads into what it characterizes as a downturn year.

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Sources

CNBC FinanceChina's car market heads for worst year since 2021 as sales plunge 20%
CNBC FinanceChina's car market heads for worst year since 2021 as sales plunge 20%

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