【周度分析】车市扫描(2025年8月18日-8月24日)

Group 1: Market Overview - From August 1 to 24, the national passenger car retail market reached 1.285 million units, a year-on-year increase of 3% compared to the same period last year, and a cumulative retail of 14.031 million units for the year, up 10% [1][4] - During the same period, wholesale of passenger cars was 1.341 million units, a year-on-year increase of 12%, with a cumulative wholesale of 16.866 million units for the year, up 13% [1][6] - The retail penetration rate for new energy vehicles (NEVs) reached 56.6%, with retail sales of 727,000 units for the year, a 27% increase [1][4] Group 2: Weekly Sales Data - In the first week of August, the average daily retail was 45,000 units, down 4% year-on-year, but up 6% month-on-month [3] - The second week saw an average daily retail of 59,000 units, up 8% year-on-year and 10% month-on-month [3] - The third week recorded an average daily retail of 60,000 units, up 6% year-on-year but down 5% month-on-month [3] Group 3: Economic and Policy Impact - The strong economic growth of 5.3% in the first half of the year has reduced pressure on local economies, leading to stable promotional policies in the automotive market [4] - The recent issuance of the third batch of subsidy funds and the gradual restart of trade-in policies are expected to improve sales growth in August [4] - The market is anticipated to stabilize as subsidy distribution becomes more rhythmic and controlled [4] Group 4: Import and Export Analysis - From January to July 2025, imports of automobiles totaled 270,000 units, a significant year-on-year decline of 32% [7][8] - In contrast, exports of Chinese automobiles reached 4.18 million units during the same period, with a year-on-year growth of 20% [10][11] - The export of new energy vehicles saw a remarkable increase, with 1.71 million units exported from January to July 2025, a 46% increase year-on-year [11][12] Group 5: Inventory and Market Dynamics - As of the end of July 2025, the national passenger car inventory was 3.29 million units, a decrease of 30,000 units from the previous month [12][13] - The overall inventory pressure has significantly decreased compared to previous years, with the current inventory supporting an estimated 47 days of sales [13]