中国汽车流通协会：10月份汽车消费指数为90.5 预计11月车市将延续上升态势

Core Insights - The automotive consumption index for October 2025 is reported at 90.5, indicating an increase from the previous month, with expectations for continued growth in November [1] - The fourth batch of vehicle trade-in subsidies has been allocated, which is expected to sustain consumer demand for vehicle purchases in the fourth quarter [3] - The upcoming expiration of the new energy vehicle purchase tax exemption by the end of December 2025 is driving consumers to accelerate their purchasing decisions [3][12] Demand Index - The demand sub-index for October 2025 stands at 85.9, remaining stable compared to the previous month, influenced by new vehicle launches at the Guangzhou Auto Show and the impending end of the new energy vehicle tax exemption [4] - Seasonal adjustments and changes in trade-in subsidy policies in various regions may dampen consumer demand growth [4] Store Visit Index - The store visit sub-index for October 2025 is recorded at 88.3, showing a decline from the previous month due to colder weather and fewer large auto shows compared to October [6] Purchase Index - The purchase sub-index for October 2025 is at 95.2, reflecting an increase from the previous month, driven by the nearing end of the new energy vehicle tax exemption and the trade-in subsidy policy [8] - Overall market sales are expected to continue growing in November [8] Market Outlook - The automotive market is anticipated to maintain an upward trend in November, supported by government subsidies and promotional activities from dealers during the "Double 11" shopping festival [12] - The Guangzhou Auto Show is expected to inject new growth momentum into the market [12]