Cui Dongshu: In May, prices of 20 models of passenger cars decreased, with discounts on new energy vehicles reaching 9.8% from mid to high range.

According to the Securities Times app, Cui Dongshu, the president of the China Passenger Car Association, stated in an article that since 2025, both promotions and downgrading in the national passenger car industry have returned to rationality, and the market order has significantly improved. Due to the resumption of the purchase tax on new energy vehicles, the impact of guide prices on consumer vehicle purchases is evident. In May 2026, the scale of price reductions for 20 models increased by 7 compared to the same period. Among them, there are 7 pure fuel models, which is 5 more than the same period; there are 7 plug-in hybrid models, which is 4 more than the same period. The pressure on fuel vehicles and narrow plug-in hybrids is too strong, and price adjustments can be understood. In 2026, the scale of price reductions was 77 models, which is 4 fewer than the same period, with 32 conventional fuel vehicles seeing price reductions, an increase of 13 compared to the same period; 4 hybrid fuel vehicles seeing price reductions, an increase of 1 compared to the same period; 16 plug-in hybrid fuel vehicles seeing price reductions, which is the same as the same period; 3 extended-range models seeing price reductions, a decrease of 4 compared to the same period; and 22 pure electric models seeing price reductions, a decrease of 14 compared to the same period.