Zhi Tong Cai Jing·2026-02-20 06:23Group 1 - The overall performance of the automotive market in Q1 2026 is relatively flat due to seasonal factors and prior consumption overextension, despite the support from the "trade-in" policy [1] - In January 2026, the retail volume of passenger vehicles in mainland China was 1.544 million units, a year-on-year decline of 13.9%, with domestic brands experiencing a 18% drop in retail volume [1] - The market share of domestic brands decreased by 3.5 percentage points to 57.5%, while joint venture brands performed better with a retail volume of 470,000 units, only a slight decline of 4% [1] Group 2 - The penetration rate of new energy vehicles (NEVs) significantly dropped to 38.6% in January, with NEV retail sales at 596,000 units, a year-on-year decline of 20% [2] - The penetration rate for domestic brand NEVs was 61.7%, down 19.2 percentage points, while luxury brands fell to 16.1%, a decrease of 23 percentage points [2] - The market share of new car manufacturers increased by 7.7 percentage points to 31.2% [2] Group 3 - The export of passenger vehicles continued to show strong momentum, with a total of 576,000 units exported in January, a year-on-year increase of 52% [3] - Domestic brands remain the main force in exports, with 476,000 units exported, a growth of 49%, while joint venture and luxury brands exported 100,000 units, achieving a growth rate of 65% [3] - The export of new energy passenger vehicles reached 286,000 units, a year-on-year increase of 103.6%, accounting for 49.6% of total exports, an increase of 12.5 percentage points [3]