Retail sales of passenger vehicles in China, including sedans, MPVs, and SUVs, declined by over 8% year-on-year to 2.23 million units in November 2025 from 2.45 million units in the same month last year, according to data compiled by the China Passenger Car Association (CPCA). This was the second consecutive month of decline for the market, after rebounding strongly over the last year, driven by government sales incentives and aggressive price competition among local manufacturers. The market is now looki ...