Cui Dongshu: In May, the domestic passenger car market presented a trend of overall pressure on total volume, strengthening on a month-on-month basis, and extreme differentiation in structure.

According to the Securities Times APP, on June 9, Cui Dongshu, the Secretary General of the China Passenger Car Association, published an article analyzing the operation characteristics of the national passenger car market in May 2026. In May, the national passenger car market retail sold 1.51 million vehicles, a year-on-year decrease of 22% and a month-on-month increase of 10%; the cumulative retail sales this year totaled 7.11 million vehicles, a year-on-year decrease of 19%. In May 2026, the domestic passenger car market showed a trend of total pressure, month-on-month strengthening, and extreme structural differentiation, with overall no substantial recovery achieved. The slight warming this month is mainly due to the effectiveness of the "anti-internal competition" in the automotive market being highlighted, the promotion efforts of car companies stabilizing, fading consumer price-watching expectations, combined with the boost of the Beijing Auto Show, releasing some pent-up demand for car purchases, resulting in a phase of terminal warming.