MarketWatch
In the global car market, China is eating everyone’s lunch — except at home
Wednesday, July 1, 2026
A Bank of America report examined weak demand for automobiles in China and its effect on global car sales. The report did not specify the magnitude of the impact or provide comparative data on how Chinese demand affects different automakers. China is the world's largest automotive market by sales volume. Global automakers including Tesla, Volkswagen, and BMW have reported declining sales in China in recent quarters.
