Only 77 Models Cut Prices in Jan-May, Auto Market Promotions Return to Rationality

CPCA Secretary-General Cui Dongshu stated that 77 passenger vehicle models cut prices nationwide from January to May 2026, four fewer than the same period last year. In May, NEV models that cut prices had an average price of 215,000 yuan, with an average price reduction of 21,000 yuan, representing a 9.6% cut. Cumulative Jan-May NEV average price reduction reached 31,000 yuan, or 12.5%.