China’s light vehicle market expected to be flat in 2026
In January 2026, China’s automotive market contracted year-on-year (YoY) amid seasonal disturbances and a high comparison base. Total volumes reached approximately 1.6 million units, representing a 17% YoY decline. The Passenger Vehicle (PV) segment fell by 20% YoY to 1.4 million units, remaining the primary drag on overall performance, while the Light Commercial Vehicle (LCV)…