China's passenger vehicle market lost some momentum in July 2026 as the traditional sales lull and demand brought forward by the mid-year sales push weighed on monthly performance. Wholesale sales reached 2.27 million units, down 5.6% month on month and 0.9% year on year. Although the annual decline narrowed, domestic demand remained subdued.
Exports and electrification continued to provide the clearest sources of growth. Passenger vehicle exports climbed to a new monthly record of 920,000 units, surging 84.7% year on year, while NEV sales rose 22.5% to 1.452 million units. NEVs accounted for 64.0% of the market as the shift in China's powertrain mix continued.
Chinese brands further expanded their market share to 77.1%, SUVs maintained strong year-on-year growth, and luxury NEVs continued to outperform their non-NEV counterparts. Explore the full presentation for a closer look at July's market performance, export leaders, segment trends and changes in the competitive landscape.
