Core Insights - The inventory of passenger vehicles in China is projected to reach 3.28 million units by the end of September 2025, indicating an increase of 120,000 units from the previous month and 260,000 units from September 2024, reflecting a seasonal trend of inventory buildup in preparation for peak demand [1] Industry Summary - The passenger vehicle industry in China is experiencing a notable rise in inventory levels, with a total of 3.28 million units expected by September 2025 [1] - The increase in inventory is characterized by a month-over-month rise of 120,000 units and a year-over-year increase of 260,000 units, suggesting a strategic buildup ahead of peak sales periods [1]