China Passenger Car Industry Faces High Inventory Pressure, Reaching 3.57M Units in January

Published: Feb 28, 2026 13:51

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Cui Dongshu, Secretary General of the China Passenger Car Association, stated that the national passenger vehicle industry inventory reached 3.57 million units at the end of January, fluctuating at highs—down 80,000 units MoM, but up 580,000 units YoY. Based on the month-end inventory level in January and projected future sales, the current inventory can support approximately 70 days of future sales. Compared with previous years, the figure was 65 days in January 2023, 70 days in January 2024, and 48 days in January 2025, indicating relatively high inventory pressure in January this year.

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