China Automobile Dealers Association: Passenger car market saw a National Day holiday surge in the first half of October; momentum expected to ease in the second half.

Zhitong Finance APP has learned that on October 23, the China Automobile Dealers Association released the semimonthly report on the passenger car market for October 2026. In the first half of October, the passenger car market saw a surge during the National Day holiday. The National Day holiday, together with regional auto shows and a new round of car purchase subsidies implemented successively in many places, combined the effects of policy benefits and large local auto shows to activate previously intended demand. Entering the fourth quarter, automakers have begun their year-end volume push, and the sales pace is gradually accelerating. During the National Day holiday, consumer demand was released in a concentrated manner, and market heat is expected to decline somewhat in the second half of October.