Cui Dongshu: The growth rate of passenger car manufacturers' sales in January is relatively good, and the trend of new energy vehicles is relatively stable.

Cui Dongshu stated in a post that under the promotion fee policy of the country, the automotive market has maintained strong growth, and the overall trend of the national automotive market in 2025 is strong, with a noticeable recovery in the truck and bus markets. Compared to the policy intensity in 2025, the policy contraction this year is significant, leading to a month-on-month decrease in retail sales of passenger vehicles in January, but due to increased exports, manufacturer sales in January have relatively good growth. The trend of new energy vehicles in January is relatively stable, mainly due to the continuous strength of the automobile export market, but the industry still faces significant pressure. In 2026, the commercial vehicle market will see structural growth driven by equipment renewal subsidies, with high subsidies accelerating the electrification of logistics transportation, and the commercial vehicle market showing high levels of prosperity.