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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%.
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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