今年以来乘用车累计零售2014.2万辆

Core Viewpoint - The retail performance of the passenger car market in China showed a decline in early November, but there is still a year-on-year growth for the year 2023, indicating a mixed outlook for the industry [1] Group 1: Market Performance - From November 1 to 16, the national passenger car market retail reached 886,000 units, a year-on-year decrease of 14% and a month-on-month decrease of 6% [1] - Cumulatively, retail sales for the year reached 20.142 million units, reflecting a year-on-year growth of 7% [1] - In the same period, the retail of new energy vehicles (NEVs) reached 554,000 units, showing a year-on-year increase of 2% and a month-on-month increase of 7% [1] - Year-to-date, NEV retail sales totaled 10.703 million units, with a year-on-year growth of 21% [1] - The penetration rate of NEV retail in the passenger car market stands at 62.5% [1] Group 2: Economic and Policy Context - The analysis from the Passenger Car Market Information Joint Conference indicates that while retail trends are weak, there is still a 7% year-on-year growth compared to the same period in 2023, supported by a stable macroeconomic environment and consumer confidence [1] - The tightening of trade-in and scrapping subsidy policies in certain regions has contributed to a negative month-on-month growth in October [1] - The industry anticipates a shift in the policy regarding the exemption of purchase tax for NEVs, which will change to a "half exemption" by 2026 [1] - Industry insiders suggest that automakers will seize the year-end policy transition window to maintain a rapid production pace, with new products being launched and comprehensive industry governance progressing steadily [1]