At a Beijing dealership, salesman Li Ke said this autumn's peak car-buying season, known as 'golden September and silver October', has been the slowest of his 26 years on the job apart from the Covid-19 pandemic, with only two to three deals a week now. Buyers are holding back amid an unstable job market, a continued slide in property prices and the government's scaling back of incentives such as cash-for-clunkers subsidies and EV tax breaks. Passenger car retail sales in China reached 13.33 million units through September, down 21.7% from a year earlier, and the China Passenger Car Association expects full-year 2026 sales to fall 22% to 18.5 million vehicles. New-energy vehicle sales fell 12.8% from January through September, while fierce price wars have pushed Chinese carmakers to look overseas; auto manufacturing profits shrank 22.8% in the first nine months, even as overall industrial profits rose 15.5%.
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TSLA
▼ Likely negativeTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/27/2026 | 407.46 |
| Change that session | +4.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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