乘联分会：二手车市场有望在9月中旬迎来拐点

Core Insights - The average daily transaction volume of used cars in China reached 66,700 units from September 1 to 7, 2025, reflecting a slight week-over-week decline of 0.66% [1] - The market is experiencing a minor adjustment due to the traditional seasonal transition and policy effects, with overall trading volume showing slight fluctuations [1] Market Dynamics - September is a critical transition month for the automotive market, moving from the summer season to the peak consumption period known as "Golden September and Silver October" [1] - Despite the continuation of local replacement subsidy policies and a wave of new car launches, market activity has decreased compared to late August due to the waning effects of summer consumption and consumer anticipation for promotional events during the National Day holiday [1] - Demand for family-oriented vehicles remains stable, while the trading pace for high-end luxury models has slowed down [1] Dealer Feedback - 38% of dealers reported a decrease in offline customer traffic compared to the previous period, and nearly 28% of businesses experienced a drop in transaction volume, particularly in non-restricted cities and third- and fourth-tier markets [1] - In terms of pricing, 48% of companies maintained stable end prices, while 41% reported a decline in terminal prices, with downward pressure primarily affecting mid-range models aged 3 to 5 years [1] Future Outlook - The used car market is expected to reach a turning point in mid-September, driven by the continuous release of policy benefits, new product iterations, and gradual recovery of consumer confidence [2] - With the upcoming Mid-Autumn Festival and National Day promotional seasons, along with a series of local auto shows, transaction volumes are anticipated to experience a stepwise increase, marking the official entry into the traditional peak season [2]