Cui Dongshu: Jan-Jul Auto Industry Profit Margin 3.6%, Revenue Up 2.7%, Costs Up 3.8%, Profits Down 20%

Cui Dongshu, Secretary-General of the China Passenger Car Association, stated that from January to July 2026, the auto industry's profitability improvement significantly lagged behind other consumer goods sectors. Industry revenue reached 6.078 trillion yuan, up 2.7% year-on-year, but profits totaled only 216.2 billion yuan, down 20% year-on-year, with a profit margin of just 3.6% — far below the 6.5% average of downstream industrial enterprises.