On June 10, data from the CPCA branch showed that from June 1 to 7, retail sales of the national passenger car market reached 228,000 units, down 23% YoY and down 11% MoM. Year-to-date cumulative retail sales reached 7.327 million units, down 20% YoY. Of this, retail sales of new energy passenger cars from June 1 to 7 reached 152,000 units, down 14% YoY and up 8% MoM. Year-to-date cumulative retail sales of new energy vehicles reached 3.85 million units, down 15% YoY.

According to data released by the China Passenger Car Association (CPCA), the overall passenger car market in May showed a certain sales trend: total retail sales reached 1.545 million units, down 20% YoY but up 12% MoM. Breaking it down, the new energy segment also performed notably, with retail sales reaching 974,000 units, down 5% YoY but up 15% MoM.

According to a report by Yonhap News Agency on June 1, data released by the Korea Automobile Importers and Distributors Association on the same day showed that among newly registered imported cars in South Korea in April, Chinese-made vehicles ranked third, surpassing Japanese-made vehicles for the first time in history. The data showed that among newly registered imported cars in South Korea in April, European-made vehicles ranked first with 16,800 units, followed by US-made (13,600 units), Chinese-made (2,023 units), and Japanese-made (1,974 units). Yonhap News Agency noted that this was the first time Chinese-made vehicles surpassed Japanese-made vehicles in South Korea's imported car market. South Korean media widely regarded this ranking as an important signal of a shifting landscape in South Korea's imported car market. The Korea Economic Daily reported that Chinese automobile brands are rapidly increasing their presence in the South Korean market.

According to data released by the China Automobile Dealers Association, in April 2026, the national used car market recorded a transaction volume of 1.6712 million units, down 6.73% MoM and down 1.76% YoY, with a transaction value of 113.476 billion yuan. From January to April 2026, the cumulative used car transaction volume reached 6.4932 million units, up 2.93% YoY, an increase of 184,600 units compared with the same period last year, with a cumulative transaction value of 426.358 billion yuan.

[Honda Plans to Terminate Auto Sales Business in South Korea by the End of 2026] Honda Motor Company announced that it would terminate new vehicle sales in South Korea by the end of 2026, ending its 23-year presence in the South Korean passenger car market. Lee Ji-hong, Honda's regional CEO for South Korea, stated that the withdrawal was the result of multiple factors, including changes in the market environment, exchange rate pressures, and the company's need to concentrate resources on priority development areas. Despite the termination of new vehicle sales, Honda pledged to continue providing after-sales services, parts supply, and warranty support for at least eight years. Notably, Honda will retain its motorcycle business in South Korea.

The Industry Coordination and Development Branch of the China Automobile Dealers Association stated as the Beijing International Auto Show in late April gradually gained momentum, multiple heavyweight new models were launched in quick succession to stimulate consumer demand, and the front-loading of car purchase demand ahead of the Labour Day holiday provided a boosting effect, the passenger vehicle market was expected to recover steadily in the second half of April, maintaining a stable and positive operating pace. Taking the above factors into account, end-user sales of passenger vehicles for the full month of April were projected to reach 1.6 million units.

CPCA： in January 2026, transaction volume in China’s used car market reached 1.73 million units, down 8% MoM and up 18% YoY, with transaction value at 110.6 billion yuan, up 14.8% YoY. From January to December 2025, cumulative used car transactions totaled 20.11 million units, up 2.5% YoY, with transaction value at 1,289.8 billion yuan, up 0.4%. In recent years, the proportion of inter-provincial used car transfers had fluctuated between 25% and 30%, reaching a record high of 35% for the period in January 2026, transaction volume in China’s new energy used car market reached 158,000 units, down 6% MoM and up 74% YoY, with a new energy penetration rate of 12.2%. From January to December 2025, cumulative transactions of new energy used cars totaled 1.61 million units, up 43% YoY.

【The daily average trading volume of used cars in China from February 9 to February 14 was 65,800 units. 】Data from the China Automobile Dealers Association showed that during February 9 to February 14, the domestic used car market exhibited typical pre-holiday trading characteristics, with a daily average transaction volume of 65,800 units, down 5.28% MoM from the previous week. Affected by multiple factors such as the Spring Festival travel rush, suspension of logistics, and extended consumer car purchase decision-making cycles, the used car market typically enters an off-season in the week before the holiday.

On September 26, 2025, the General Office of the Hunan Provincial People's Government issued the "Hunan Province Action Plan for Accelerating the Improvement of the New Energy Vehicle Penetration Rate (2025–2026)," focusing on the promotion and application of NEVs and industrial upgrading. It explicitly proposed accelerating the construction of energy replenishment facilities such as hydrogen refueling stations. The core contents are as follows: I. Core Action Targets The core objective is to narrow the gap with the national NEV penetration rate, advancing in phases: By the end of 2025, the gap between the provincial NEV penetration rate and the national average is expected to narrow to within 6%. By the end of 2026, the aim is to reach the national average NEV penetration rate. II. Four Key Action Tasks (1) Consumer Environment Optimization Action Innovating Sales Models : Automakers are encouraged to develop products suited to local scenarios, explore diversified sales models such as leasing instead of purchasing and battery-swapping, and expand ecological cooperation. Improving the Service Network : Promote the establishment of delivery centers and authorized after-sales service sites at the county level and in remote areas, carry out after-sales services in rural areas, and address shortcomings in grassroots services. Extending the Consumption Chain : Standardize the used car market, strengthen battery recycling and leasing management, and enhance the residual value of NEVs. Strengthening Financial Support : Increase credit supply, introduce low-down-payment, long-term financial solutions tailored to younger groups, and optimize NEV insurance services. (2) Commercial Vehicle Replacement Action Public Sector Replacement : Focus on promoting the application of NEVs in public sectors such as buses, taxis, sanitation, and freight delivery, and support key cities for air pollution prevention and control in taking the lead in replacing vehicles in urban construction logistics. Truck Transformation Incentives : Using the phase-out of trucks meeting National IV and lower emission standards as a breakthrough, implement provincial fiscal support and introduce preferential expressway toll policies for new energy trucks. (3) Energy Replenishment Facility Enhancement Action (Including Key Construction of Hydrogen Refueling Stations) Urban Residential Charging Convenience : Implement "unified construction and service" for charging piles in residential areas, provide one-stop services for car purchase, electricity connection, and pile installation, and simplify the application process. Public and Dedicated Facility Support : Improve supporting policies for land use, power grid, and electricity prices for dedicated energy replenishment facilities such as those for buses and trucks, and encourage private capital participation in construction. Energy Replenishment Network Construction at Transportation Hubs : Accelerate the planning and construction of a batch of large power charging (battery swap) stations and hydrogen refueling stations in key areas such as expressway service areas, logistics parks, ports, along major logistics corridors, and national and provincial highways. ; Promote the renovation and expansion of eligible gas (CNG/LNG) stations into comprehensive energy supply stations offering "fuel (gas) + charging (battery swap)" services. Full Coverage of Rural Energy Replenishment : Incorporate charging piles into the "Village Access Project" to achieve full coverage of charging stations in every township and charging piles in every village, promoting the integrated development of energy replenishment facilities with PV systems, parking lots, and others. (IV) Enhanced Support Policy Actions Leveraging Fiscal Funds : Coordinate special funds from the central and provincial levels to implement trade-in and car-to-countryside policies, carry out NEV sales promotions, explore charging consumption subsidies, and encourage municipalities and prefectures to issue car purchase subsidies. Traffic Priority and Parking Incentives : Encourage municipalities and prefectures to grant NEVs traffic priority on core urban routes, along with benefits such as extended operating hours and parking fee reductions in public areas. III. Safeguard Measures Establish a dual-led working mechanism by the Provincial Development and Reform Commission (Provincial Energy Bureau) and the Provincial Department of Commerce, coordinating multiple provincial departments for collaborative advancement; require local governments to refine measures and ensure implementation, while intensifying policy publicity to eliminate misconceptions and foster a social environment supportive of NEV development. This plan is expected to include hydrogen refueling stations as key components of energy replenishment facilities in transportation hubs, advancing them in coordination with charging (battery swap) stations. This will effectively address the energy replenishment challenges for NEVs (particularly hydrogen-powered vehicles), providing solid support for increasing the NEV penetration rate and transforming the energy structure in Hunan.

[BYD Officially Enters Argentina's Passenger Car Market] Chinese new energy vehicle manufacturer BYD officially launched three electric and hybrid cars in Buenos Aires, the capital of Argentina, on the 8th, marking the brand's formal entry into Argentina's passenger car market. The models released include two pure electric vehicles—the Dolphin MINI and Yuan Pro—as well as the plug-in hybrid model Song Pro DM-i. BYD Argentina Sales Director Bernardo Fernández Paz stated that over 1,500 units have been pre-sold in the first batch, indicating growing local consumer interest in new energy vehicles.