The car market is quiet at the end of the year
From December 1 to 7, the national passenger car market retail sales reached 297,000 units, a year-on-year decrease of 32%. Retail sales of new energy vehicles were 185,000 units, a year-on-year decrease of 17%. The reasons for the decline include the tapering of the vehicle purchase tax exemption policy and uncertainty regarding national subsidies. The purchase tax for new energy vehicles will be adjusted in 2026, leading to a strong wait-and-see sentiment in the market. Despite the approaching year-end, the market has not shown the expected surge
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