The profit of the automotive industry hit a new low in September, with a year-on-year decrease of 68% and a sales profit margin of only 1.4%

On October 27th, Cui Dongshu, Secretary General of the National Passenger Car Market Information Joint Committee, issued a document stating that from January to September this year, the cumulative profit of the automotive industry was 267.5 billion yuan, a year-on-year decrease of 23%, with a sales profit margin of 3.3%. The automotive industry's profit in September was 14.2 billion yuan, a year-on-year decrease of 68%, with a sales profit margin of 1.4%, which is at a low level in nearly 4 years and lower than the lowest monthly performance of 1.8% in December 2025. He pointed out that September in previous years is usually a time of low profit margins. However, this September, the production and sales pressure of fuel vehicles was high, coupled with the Mid Autumn Festival factor, so the profit pressure is still enormous.