中汽协：11月乘用车产销分别完成314.4万辆和303.7万辆 同比分别增长1.1%和1.2%

Core Insights - In November 2025, China's passenger car production and sales reached 3.144 million and 3.037 million units respectively, with month-on-month increases of 5% and 2.6%, and year-on-year increases of 1.1% and 1.2% [1] - The industry is anticipating clearer policy directions for the next year, as recent "two new" policies have been suspended, leading to average market performance in the last two months [1] Group 1: Production and Sales Performance - In November 2025, production and sales of basic passenger cars (sedans) and SUVs showed varying degrees of growth, while MPVs saw slight production growth but a slight sales decline, and cross-type vehicles experienced a significant production drop but a double-digit sales increase [2] - From January to November 2025, all four major categories of passenger vehicles showed different levels of growth compared to the same period last year, with cross-type vehicles exhibiting the most significant growth rate [2][3] Group 2: Year-to-Date Performance - From January to November 2025, passenger car production and sales totaled 27.388 million and 27.256 million units, reflecting year-on-year growth of 12% and 11.5% respectively [3] - Domestic sales of passenger cars reached 21.86 million units during the same period, marking a year-on-year increase of 9.8% [5] Group 3: Export Performance - In November 2025, passenger car exports amounted to 624,000 units, with month-on-month growth of 9.1% and year-on-year growth of 48.7% [7] - For the period from January to November 2025, total passenger car exports reached 5.397 million units, representing a year-on-year increase of 19.4% [7] Group 4: Domestic Sales Trends - In November 2025, domestic sales of passenger cars were 2.414 million units, showing a month-on-month increase of 1% but a year-on-year decline of 6.5% [8]