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China's Car Market on Track for Worst Year Since 2021 as Sales Plunge 20%
CNBC·Tuesday, 21 July 2026
Consumer demand for cars in China has dropped sharply, following record-high sales of 23.7 million units in 2025. The market is now heading for its worst year since 2021. The slump points to weakening consumer confidence in the world's largest auto market.
Why It Matters
China's economic health shapes global commodity demand and investor appetite for emerging markets, both of which have knock-on effects on India's economy and stock market.
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