【周度分析】车市扫描(2025年12月29日-12月31日)

Market Overview - In December 2025, the retail sales of passenger cars in China reached 2.296 million units, a year-on-year decrease of 13%, but a month-on-month increase of 3%. Cumulatively, retail sales for the year amounted to 23.779 million units, reflecting a year-on-year growth of 4% [1][5] - The wholesale volume for passenger cars in December 2025 was 2.759 million units, down 10% year-on-year and down 8% month-on-month. The cumulative wholesale for the year was 29.524 million units, showing a year-on-year increase of 9% [1][8] New Energy Vehicle (NEV) Performance - Retail sales of new energy vehicles in December 2025 reached 1.387 million units, a year-on-year increase of 7% and a month-on-month increase of 5%. Cumulatively, retail sales for the year were 12.859 million units, up 18% year-on-year [1][5] - The wholesale volume of new energy vehicles in December was 1.554 million units, a year-on-year increase of 3% but a month-on-month decrease of 9%. The cumulative wholesale for the year was 15.31 million units, reflecting a year-on-year growth of 25% [1][5] Production Trends - In the first four weeks of December, the production of pure fuel light vehicles was 905,000 units, down 29% year-on-year and down 16% month-on-month. The production of hybrid and plug-in hybrid vehicles totaled 525,000 units, down 26% year-on-year and down 21% month-on-month [2] Weekly Sales Trends - The average daily retail sales for the first week of December were 42,000 units, down 32% year-on-year and down 8% month-on-month. The second week saw an average of 67,000 units, down 17% year-on-year but up 9% month-on-month. The third week recorded 77,000 units, down 11% year-on-year and up 9% month-on-month. The fourth week had 90,000 units, down 12% year-on-year and down 15% month-on-month. The fifth week experienced a surge to 123,000 units, up 17% year-on-year and up 2% month-on-month [4][5] Policy Impact - The tightening of trade-in and scrapping subsidy policies has led to a cautious attitude among dealers, contributing to a decline in retail sales in November. However, the release of the new subsidy policy for 2026 is expected to stimulate demand and support a strong start in January 2026 [6][11] Global Market Share - In the first eleven months of 2025, China accounted for 68.4% of the global market share for new energy passenger vehicles, with a significant contribution to the global increase in sales [12][13]