崔东树：进口车下行压力持续显现 1-11月我国进口汽车数量同比下降30%

Core Insights - The import of automobiles in China is experiencing significant downward pressure, with a notable decline in the number of imported vehicles from January to November 2025, totaling 450,000 units, a year-on-year decrease of 30% [1][5][6]. Group 1: Overall Trends in Automobile Imports - The peak of automobile imports occurred in 2014 with 1.43 million units, followed by a continuous decline, with imports dropping to 800,000 units in 2023, a 10% year-on-year decrease [5][6]. - The import volume for 2024 is projected to be 700,000 units, reflecting a 12% decline compared to the previous year [5][6]. - The import of vehicles in November 2025 was 43,000 units, down 29% year-on-year and 2% month-on-month [1][5]. Group 2: Monthly and Yearly Import Data - The top ten countries for automobile imports in November 2025 included Japan (24,312 units), Germany (8,705 units), and Slovakia (2,490 units) [1][2]. - The overall import structure shows that passenger vehicles account for 98% of total imports, with a significant decline in demand for luxury and high-end vehicles [12][19]. Group 3: Market Dynamics and Country-Specific Trends - The luxury car market saw a rebound in November 2025, particularly in Shanghai, while traditional affluent regions like Suzhou and Hangzhou faced significant pressure [2]. - The import structure indicates that gasoline vehicles remain the dominant category, while the share of electric vehicles has decreased, with pure electric imports dropping by 80% in 2025 [13][14][17]. Group 4: Vehicle Type and Engine Displacement Trends - The majority of imported passenger vehicles have engine displacements below 2 liters, with a notable increase in the share of vehicles with displacements between 2.5 to 3 liters [16][18]. - The import of light trucks has seen a significant decline, while the demand for diesel vehicles has shown some recovery [14][19].