China's passenger car retail sales reached 1.461 million units in July 2026, down 20.9% year-on-year. Domestic brands captured 71% market share, while NEV penetration hit a historic high of 65.1%. Joint venture NEV sales grew 36% against the trend, with exports accelerating to 143,000 units, becoming a new variable in the industry reshuffle.
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According to CAAM statistical analysis released on June 22, 2026, the top 10 passenger car manufacturers by sales sold a combined 2.431 million units from January to May, accounting for 67.4% of total sedan sales. SAIC Motor led the industry with cumulative sales of 1.651 million units. Its self-owned brand sales ratio exceeded 70% for the first time, while NEV sales reached 595,000 units, up 13.2% year-over-year. Notably, among the top 10 enterprises, only SAIC and Tesla achieved year-over-year sales growth.
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