车市“金九”圆满收官：销量创历史新高

Core Viewpoint - The Chinese automotive market experienced record-high retail and wholesale volumes in September, marking a strong start to the "golden September and silver October" period, which is crucial for the overall annual performance of the automotive market [1][3]. Group 1: Market Performance - In September, the retail volume of passenger cars reached 2.241 million units, a year-on-year increase of 6.3% and a month-on-month increase of 11% [3]. - The wholesale volume for manufacturers hit 2.803 million units, showing a year-on-year growth of 12.4% and a month-on-month increase of 13% [3]. - Cumulatively, the retail volume for the first nine months of the year reached 17.005 million units, reflecting a year-on-year growth of 9.2% [3]. Group 2: Brand Structure - Domestic brands remain the main driving force in the market, with retail sales of 1.5 million units in September, a year-on-year increase of 13% and a month-on-month increase of 12.9% [4]. - The market share of domestic brands reached 66.9%, up 3.6 percentage points year-on-year [4]. - Major state-owned groups, including SAIC, Dongfeng, Changan, Chery, and BAIC, saw a combined year-on-year sales growth of 25% in September [4]. Group 3: New Energy Vehicles - New energy vehicles (NEVs) led the market, with production reaching 1.501 million units in September, a year-on-year increase of 22.9% and a month-on-month increase of 17.5% [6]. - The retail volume of NEVs was 1.296 million units, reflecting a year-on-year growth of 15.5% and a month-on-month increase of 16.2% [6]. - The penetration rate of NEVs in the domestic market reached 57.8% in September [6]. Group 4: Market Dynamics - The automotive market is experiencing a reduction in "price wars," with only 23 models seeing price cuts in September, down from 34 in the previous year [8]. - The inventory warning index for automotive dealers was 54.5% in September, a decrease of 2.5 percentage points month-on-month, indicating a stabilization in inventory levels [9]. - The automotive consumption index for September was 88.9, suggesting that October sales are expected to exceed those of September [11]. Group 5: Upcoming Trends - The market is entering the "silver October" phase, with over 70 new models launched in September, contributing to increased consumer interest [10]. - The upcoming release of the fourth batch of trade-in subsidies is expected to further stimulate demand in October [11].