Shocking numbers, not widely publicized.
China car sales fell 24% in August. It's the 11th straight month of decline in world's largest market.
China Car Market Sales YTD 2026 by Select Makers
Tesla down 12%
Toyota down 18%
VW down 26%
Mercedes down 29%
BYD down 33%
Honda down 37%
Chevy (discontinued China sales in August 2026, after selling only 36 vehicles all year).
In a market of 25 million units, a 24% decline represents a collapse of almost 6 million cars on an annual basis. That's the size of the entire Japan car market.
Sources: Marklines, Reuters, CPCA, Company reports.