From January to November 2025, the Chinese automotive industry’s profit margin was only 4.4%, the second lowest in history, only 0.1% higher than the lowest 4.3% recorded in 2024, according to data released by Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA). The average revenue per vehicle in the industry chain was 322,000 yuan (45,800 USD), but the gross profit per vehicle was only 14,000 yuan (2,000 USD).

Profit margin of China’s auto industry was 4.4%, 2,000 USD per vehicle, second lowest in history, Jan to Nov 2025