CAAM: Industry Expected to Maintain Stable Trajectory in Q4

36Kr learned that according to the China Association of Automobile Manufacturers, production and sales in China's auto industry saw a slight decline in the first three quarters, with the market overall showing a 'cold at home, hot abroad' trend. Due to multiple factors, the domestic auto market has continued to face pressure without effective improvement; despite complex and severe external conditions, exports have maintained high growth, demonstrating strong resilience; meanwhile, new drivers continue to be unleashed, with the sales share of new energy vehicles steadily increasing. Looking ahead to Q4, the industry is expected to maintain a stable trajectory. Exports are projected to continue growing, potentially exceeding 10 million units for the full year; the full amount of 250 billion yuan in funds for consumer goods trade-in programs has been allocated, and existing policies will further enhance implementation effectiveness, combined with local and corporate consumption promotion activities, narrowing the decline in domestic market sales.