During September 2024, China’s Light Vehicle (LV) market was stable compared to the previous month, with sales and production volumes exhibiting divergent trends. Domestic LV sales, excluding exports, reached 2.3 million units, marking a year-on-year (YoY) decrease of 5.4% but a significant month-on-month (MoM) increase of 17.2%, according to data and analysis released today by the respected GlobalData consultancy.* With the ongoing China trade wars, it’s possible that more than half of passenger vehicles were subsidized. Moreover, auto exports are increasing their importance and significance for the Chinese auto industry. Thus the trade wars will continue.