According to data from the China Passenger Car Association (CPCA), retail sales of fuel vehicles in October fell 45% year-on-year, with pure fuel vehicles dropping 51%, while conventional hybrid vehicles saw a 28% increase. Within the fuel vehicle segment, both domestic and mainstream joint venture brands experienced a 46% decline, and luxury brands fell 37%, all impacted by elevated oil prices. Retail sales of new energy vehicles declined 13.7% year-on-year, with domestic brands down 15%, mainstream joint venture brands up 69%, and luxury brands down 45%; domestically produced A00-class electric vehicles were adversely affected by subsidy policy adjustments and experienced relatively sharp declines. In October, retail sales of domestic brands reached 1.21 million units, down 22% year-on-year but up 7% month-on-month; their domestic retail market share stood at 73.8%, up 4.8 percentage points year-on-year. Overall, domestic brands performed relatively steadily in both the new energy and export markets.