Cui Dongshu, chairman of the Passenger Federation Branch, wrote: In the first three quarters of this year, the economy was running smoothly and achieved new results in high-quality development. The quality of development in China's consumer market continued to improve, new consumption formats and models were bursting with vitality. Under the impact of high international oil prices, the pressure on traditional automobile consumption was high. From January to September 2026, fixed asset investment in the automotive industry fell 6.3% year on year, and is still higher than the average of all industries of -7.2%. From January to September 2026, the automobile industry's capacity utilization rate was 69%, down 4.2 percentage points from last year. In the third quarter of 2026, the automobile industry's capacity utilization rate was 66.2%, down 7.1 percentage points from last year. In September of this year, the value added of large-scale industries actually increased by 5.5% year-on-year. Among them, the value added of the automobile industry increased 6.7% in September. Demand began to slump in September last year, but industrial value added was delayed by two months, and this year's pressure began to show. From January to September, the value added of large-scale industries increased by 5.3% year-on-year, and production in the automobile industry increased by 7.3%. In September 2026, automobile production was 3.06 million units, down 6% year on year; new energy vehicle production was 1.87 million units, up 17% year on year, penetration rate 61%; fuel vehicle production was 1.19 million units, down 28% year on year. From January to September 2026, automobile production was 23.37 million units, down 4% year on year; new energy vehicle production was 12.46 million units, up 12% year on year, penetration rate 53%; fuel vehicle production was 10.92 million units, down 17% year on year.

Cui Dongshu, chairman of the Passenger Federation Branch, wrote: In the first three quarters of this year, the economy was running smoothly and achieved new results in high-quality development. The quality of development in China's consumer market continued to improve, new consumption formats and models were bursting with vitality. Under the impact of high international oil prices, the pressure on traditional automobile consumption was high. From January to September 2026, fixed asset investment in the automotive industry fell 6.3% year on year, and is still higher than the average of all industries of -7.2%. From January to September 2026, the automobile industry's capacity utilization rate was 69%, down 4.2 percentage points from last year. In the third quarter of 2026, the automobile industry's capacity utilization rate was 66.2%, down 7.1 percentage points from last year. In September of this year, the value added of large-scale industries actually increased by 5.5% year-on-year. Among them, the value added of the automobile industry increased by 6.7% in September. Demand began to slump in September last year, but industrial value added was delayed by two months, and this year's pressure began to show. From January to September, the value added of large-scale industries increased by 5.3% year-on-year, and production in the automobile industry increased by 7.3%. In September 2026, automobile production was 3.06 million units, down 6% year on year; new energy vehicle production was 1.87 million units, up 17% year on year, penetration rate 61%; fuel vehicle production was 1.19 million units, down 28% year on year. From January to September 2026, automobile production was 23.37 million units, down 4% year on year; new energy vehicle production was 12.46 million units, up 12% year on year, penetration rate 53%; fuel vehicle production was 10.92 million units, down 17% year on year.