乘联分会·2025-11-11 08:47Core Viewpoint - The domestic passenger car market in China experienced a slight retail sales decline in October 2025, with a year-on-year decrease of 0.5%, while cumulative sales from January to October showed an 8.0% increase compared to the previous year [1][3]. Sales Performance - In October 2025, the retail sales of passenger cars reached 2.248 million units, marking a 0.5% decrease year-on-year but a 0.2% increase month-on-month [1]. - Cumulative sales from January to October 2025 totaled 19.256 million units, reflecting an 8.0% year-on-year growth [1]. Manufacturer Rankings - In October 2025, BYD led the sales with 436,856 units, despite a year-on-year decline of 12.7% [4]. - Geely and Chery followed with significant increases in sales, with Geely showing a 35.5% year-on-year growth [4]. - For the January to October period, BYD maintained the top position with 3.656 million units sold, a 12.9% increase year-on-year [5]. New Energy Vehicle (NEV) Market - The NEV market showed a mixed performance, with pure electric vehicle sales significantly increasing, while range-extended and plug-in hybrid vehicles entered a slower growth phase [3]. - In October 2025, NEV retail sales saw a 7.3% increase year-on-year, contrasting with a 10% decline in conventional fuel vehicles [3]. Wholesale and Retail Rankings for NEVs - In October 2025, BYD again led the NEV wholesale rankings with 436,856 units, despite a 12.7% year-on-year decline [9]. - For the January to October period, BYD sold 3.656 million NEVs, capturing a 30.3% market share [10]. Market Trends - The overall growth rate of passenger vehicles has been gradually slowing down in the second half of the year, indicating a potential market saturation [3]. - The NEV market is experiencing structural differences, highlighting a divergence in consumer preferences and demand within the segment [3].