崔东树：1-8月进口汽车32万辆 同比下降33%

Core Insights - The import of automobiles in China has seen a significant decline, with 2025 showing a 33% year-on-year decrease in the first eight months, totaling 320,000 vehicles imported [1][5][6] - The trend of declining imports has been ongoing since 2014, with a peak of 1.43 million vehicles, followed by a steady decrease, particularly in the last three years [5][6][20] - The demand for fuel vehicles is shrinking, particularly from the U.S., where imports have dropped from 280,000 units in 2017 to 105,000 units in 2024, marking a 48% decline in the first eight months of 2025 compared to the previous year [2][5][20] Import Trends - In August 2025, imports fell to 46,000 vehicles, a 40% decrease year-on-year and an 8% decrease from July [1][5] - The top ten countries for imports in August 2025 included Japan (22,785 units), Germany (8,926 units), and the U.S. (2,902 units), with notable increases from the UK and India [1][2][20] - The overall import volume for 2023 was 800,000 vehicles, down 10% from the previous year, and is projected to decline further to 700,000 vehicles in 2024 [5][6] Market Dynamics - The structure of imported vehicles is heavily skewed towards passenger cars, which accounted for 98% of total imports in 2025 [12][13] - The share of electric vehicles in the import market remains low, with pure electric vehicles making up only 1% of total imports in 2025 [14][15] - The market for high-displacement vehicles (over 2.5L) is experiencing slower declines compared to smaller displacement vehicles, indicating a shift in consumer preferences [19][20] Country-Specific Insights - Japan remains the largest source of imported vehicles, followed by Germany and Slovakia, with significant fluctuations in imports from the U.S. due to tariffs and trade relations [20][21] - The import of vehicles from the U.S. has seen a drastic reduction, with a 65% year-on-year decline in August 2025 [2][20] - Emerging markets like India and Mexico are showing growth in vehicle exports to China, contrasting with the overall decline from traditional markets [2][20]