China’s December Auto Market Snapshot: PV Retail Down 17% YoY, NEV Retail Hits 1.192M
From Dec 1–28, China’s passenger-vehicle (PV) retail sales reached 1.928M units (-17% YoY, -3% MoM), while wholesales totaled 2.134M units (-19% YoY).
December 31, 2025
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China’s 2026 Auto Trade-In Subsidy: Aiming at the NEV Replacement Cycle
China’s 2026 national auto trade-in subsidy program has been finalized. The eligibility window for scrappage replacements has been widened again, bringing more early NEV owners into scope.