FX.co ★ China Total Vehicle Sales Fall 9.2% in October

China’s total vehicle sales fell 9.2% year-on-year to 3.016 million units in October 2026, following an 8.4% decline in September, according to data from the China Association of Automobile Manufacturers (CAAM). New energy vehicles (NEVs) remained the standout segment, with sales climbing 13.1% to a record 1.94 million units. This marked a slight moderation from the 13.6% growth recorded in September, as robust export demand helped offset weaker domestic sales. NEVs made up 64.3% of total vehicle sales, up from 61.6% in September, and stayed above the 60% threshold for the fourth consecutive month. On a month-on-month basis, however, overall vehicle sales rose 2% in October.