[Cui Dongshu, Passenger Car Association Branch: Domestic auto market retail sales are expected to increase by 2% in 2027 Auto market bottoms out] On October 26, Cui Dongshu, head of the China Automobile Dealers Association Passenger Car Association Branch, issued a statement stating that at the end of 2025, the passenger car manufacturer forecast team would still have a relatively neutral judgment on the auto market in 2026, but in 2026 China Under the combined impact of multiple short-term factors, the domestic auto market has slumped more than expected. It is estimated that full-year retail sales are only 18.5 million units, which is not only lower than the peak of 23.74 million units in 2025, but also significantly lower than the previous trough of 19.29 million units in 2020. This position has clearly deviated from the long-term operating range of the auto market's box shocks in the past decade, and is an "abnormal" state affected by multiple adverse factors. Looking forward to 2027, the passenger car manufacturer forecasting team believes that as short-term impact factors are reversed, cost pressures are alleviated, and supply-side product capabilities are improved, if policies and environments do not change beyond expectations, the domestic auto market is expected to bottom out and recover. It is expected that domestic retail sales will grow in the range of 0%-5%, with an average value of 2%, and the differentiation of the auto market will continue to intensify.