In February 2026, China’s automotive market declined on both a year-on-year (YoY) and a month-on-month (MoM) basis; however, a narrower drop in terms of the seasonally-adjusted annual rate (SAAR) signals resilient underlying demand. Total volumes reached 1.1 mn units, representing a 33% YoY decline. The Passenger Vehicle (PV) segment fell by 33% YoY to 966k units, remaining the primary drag on the market’s overall performance, while the Light Commercial Vehicle (LCV) segment posted a moderate 30% YoY dec ...