四成经销商预测明年乘用车销量涨幅在5%以内

Core Insights - The automotive market in China is experiencing a mixed performance in November, with a "front low and back high" trend observed, particularly influenced by the previous months' sales and new policies from electric vehicle manufacturers [2][6] - Overall, the automotive market's performance in November did not meet expectations, with a decline in industry sentiment [6][7] Sales Performance - In November, the automotive sales terminal market showed a decline in the first half due to the early release of potential car-buying demand from the "Golden September and Silver October" period [2] - The second half of November saw increased promotional efforts from dealers, leading to a decrease in terminal transaction prices, which stimulated consumer demand [2][7] - The estimated terminal sales volume for passenger cars in November is approximately 2.15 million units [7] Dealer Sentiment - A significant 80% of dealers expressed pessimism regarding the November market performance, indicating that it did not meet their expectations [6] - In terms of December demand, 32.3% of dealers anticipate a decrease, while 41.1% expect it to remain stable, and 26.6% foresee an increase [6] Inventory and Pricing - The inventory warning index for automotive dealers in November was reported at 55.6%, reflecting a year-on-year increase of 3.8 percentage points and a month-on-month increase of 3.0 percentage points [5] - The overall transaction prices in November showed a downward trend, with 44.9% of dealers reporting price reductions [4][6] Regional and Brand Performance - The national index for November was 55.6%, with regional indices showing variations: North at 57.1%, East at 56.8%, West at 55.2%, and South at 52.0% [4] - Luxury and joint venture brand indices increased, while the index for domestic brands decreased [4]