Business · Companies · 3 hrs ago
Foreign carmakers' share of China market falls below 30%
International carmakers lost ground in mainland China in the third quarter of 2026.
Foreign brands made up less than 30% of car deliveries, down from 34.6% a year earlier.
They delivered 1.38 million cars to customers in the mainland during the quarter.
Consumers have turned away from expensive foreign brands amid an economic slowdown and the Iran war.
The market is increasingly shifting towards electric vehicles, where domestic competitors are gaining ground.
Carmakers are now searching for new strategies to survive in China's highly competitive market.
Foreign carmakers accounted for less than 30 per cent of car deliveries in mainland China in the third quarter of 2026.
Their share fell from 34.6 per cent in the same period a year earlier.
They delivered 1.38 million cars to mainland customers, according to the China Passenger Car Association.
The article says consumers turned away from expensive foreign cars amid an economic slowdown and the Iran war.
Carmakers are seeking new strategies as domestic competitors gain ground and the market shifts towards electric vehicles.
- Who
- Global carmakers, including Volkswagen and Toyota, lost market share.
- What
- Foreign marques accounted for less than 30 per cent of deliveries in mainland China.
- When
- The third quarter of 2026.
- Where
- The Chinese mainland.
- Why
- Consumers turned away from expensive foreign cars amid an economic slowdown and the Iran war.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Foreign marques' share
- Less than 30 per cent
- Share a year earlier
- 34.6 per cent
- Foreign car deliveries
- 1.38 million
- Reporting period
- Third quarter of 2026