GXED(SH:600617) 智通财经网·2025-10-25 07:55Group 1 - The core viewpoint of the article indicates that the inventory of the passenger car industry in China has shown a seasonal rebound, with a total of 3.28 million vehicles in stock by the end of September 2025, an increase of 120,000 vehicles from the previous month and 260,000 vehicles from September 2024 [1][12][15] - The inventory of new energy vehicles (NEVs) peaked at 880,000 units in April 2025, but has since decreased to 620,000 units by September, reflecting a 30% reduction from the peak [1][29] - The production of passenger cars in September 2025 reached 2.84 million units, representing a year-on-year increase of 17% and a month-on-month increase of 16% [8][9] Group 2 - The retail sales of passenger cars in September 2025 totaled 2.241 million units, showing a year-on-year growth of 6.3% and a month-on-month growth of 11% [5][6] - The overall inventory pressure in the industry has decreased, with the current inventory supporting a sales days estimate of 39 days, down from 50 days in September 2023 and 45 days in September 2024 [1][26] - The optimism in market predictions has increased, with the forecast team expressing an 82% satisfaction rate for October 2025, driven by favorable sales policies [17]