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China Car Imports Fall 11% in H1 2026 as Low Base Cushions Decline中国上半年进口车同比下滑11%，低基数效应缓冲跌势
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- China imported 200,000 vehicles in H1 2026, down 11% year-on-year according to CPCA data released Sunday, while retail sales of imported cars fell more sharply, down 29% year-on-year to 190,000 units.
- The narrower H1 decline mainly reflects a low comparison base from late 2025 rather than a genuine recovery, coming after a 32% plunge to 480,000 units for full-year 2025 and a 12% drop to 700,000 units in 2024, versus a 2014 peak of 1.43 million imports.
- Japan and Germany held steady as import sources, while new-energy vehicles slipped to just 2% of imports as gasoline models regained dominance, marking a structural shift in China's import mix.
- 据中国乘用车市场信息联席会（CPCA）周日发布的数据，中国2026年上半年进口车20万台，同比下滑11%；进口车零售销量降幅更大，同比下降29%至19万台。
- 上半年跌幅收窄主要源于2025年下半年基数较低，而非真正回暖，此前2025年全年进口量暴跌32%至48万台，2024年下滑12%至70万台，均远低于2014年143万台的峰值。
- 日本和德国作为进口来源国保持稳定，而新能源车进口占比降至仅2%，燃油车重新占据主导，反映出中国进口车结构性变化。