【库存指数】2025年11月中国汽车经销商库存预警指数为55.6%

Core Viewpoint - The latest Vehicle Inventory Alert Index (VIA) for November 2025 indicates a rise in the inventory warning index to 55.6%, reflecting a decline in the automotive circulation industry's prosperity [2][4]. Market Performance - The automotive market in November showed a "front low and back high" trend, with a relatively flat performance in the first half of the month due to earlier consumption surges and tightening of trade-in policies, leading to increased consumer hesitation [4]. - In the latter half of November, market performance improved significantly, driven by promotional activities like "Double 11," the Guangzhou International Auto Show, and the release of new electric vehicle models [4]. - 80% of dealers expressed pessimism about November's market performance, indicating that overall results did not meet expectations [4]. Inventory and Demand Indicators - The inventory, market demand, average daily sales, employment, and operational status indices all showed a month-on-month decline in November [5]. - The national index for November was 55.6%, with regional indices: North at 57.1%, East at 56.8%, West at 55.2%, and South at 52.0% [7]. Brand Performance - The indices for luxury and imported brands increased month-on-month, while the index for domestic brands decreased [8]. Future Market Outlook - December is expected to see a market uptick as manufacturers and dealers strive to meet sales targets through increased promotional efforts [9]. - Dealers anticipate a month-on-month increase in market demand and sales for December, with a general expectation of slight growth in passenger vehicle sales for 2026 [9]. - 25.4% of dealers expect a year-on-year growth of up to 5%, while 20.8% foresee a decline within the same range [9].