Core Viewpoint - The article discusses the vehicle registration statistics in Shanghai for November 2025, highlighting a total registration of 54,353 vehicles, which represents a year-on-year increase of 11.88% but a month-on-month decrease of 0.9% [3]. Registration Statistics - The breakdown of vehicle registrations by type in November 2025 includes: - Imported passenger cars (including sedans): 2,036 units, down 9.47% month-on-month and down 28.86% year-on-year [4]. - Domestic sedans: 3,704 units, down 34.98% month-on-month and down 28.56% year-on-year [4]. - Small passenger cars (excluding sedans): 6,480 units, down 30.19% month-on-month and down 31.65% year-on-year [4]. - New energy passenger cars: 38,760 units, up 11.81% month-on-month and up 38.80% year-on-year [4]. - Large buses: 597 units, down 27.90% month-on-month and down 33.52% year-on-year [4]. - Small trucks: 1,537 units, up 39.73% month-on-month and up 30.36% year-on-year [4]. - Large trucks: 1,239 units, up 21.00% month-on-month and up 17.78% year-on-year [4]. Year-to-Date Performance - For the period from January to November 2025, the total vehicle registrations reached 454,301 units, reflecting a year-on-year increase of 5.01% [4]. Monthly Trends - The article provides insights into the monthly vehicle registration trends in Shanghai, indicating fluctuations in the number of registrations over the past years [5][6][7]. Imported Vehicle Sources - In November 2025, the sources of imported vehicles (excluding new energy) included: - Germany: 1,076 units, down 2.98% month-on-month and down 33.37% year-on-year [9]. - Japan: 704 units, down 15.69% month-on-month and down 18.23% year-on-year [9]. - The United Kingdom: 162 units, down 13.37% month-on-month and down 31.06% year-on-year [9]. - The United States: 9 units, down 40.00% month-on-month and down 52.63% year-on-year [9]. Domestic Vehicle Types - The breakdown of domestic sedan registrations in November 2025 shows: - Luxury models: 842 units, down 22.68% month-on-month and down 37.54% year-on-year [10]. - Mid-to-high-end models: 1,752 units, down 38.53% month-on-month and down 19.34% year-on-year [10]. - Mid-range models: 736 units, down 38.36% month-on-month and down 30.30% year-on-year [10]. - Popular models: 374 units, down 33.69% month-on-month and down 38.59% year-on-year [10]. New Energy Vehicle Insights - The new energy vehicle registrations in November 2025 included: - Imported new energy passenger cars: 118 units, up 51.28% month-on-month but down 15.11% year-on-year [12]. - Domestic new energy sedans: 12,949 units, up 10.62% month-on-month and up 15.65% year-on-year [12]. - Total new energy passenger cars: 38,760 units, up 11.81% month-on-month and up 38.80% year-on-year [12].

Core Viewpoint - In October 2025, Shanghai's total vehicle registration reached 54,846, marking a year-on-year increase of 37.10% and a month-on-month increase of 12.06% [3][4]. Vehicle Registration Summary - **Total Vehicle Registration**: 54,846 in October 2025, with a year-to-date total of 399,948, reflecting a 4.14% year-on-year increase [4]. - **Import Passenger Cars**: 2,249 registrations, down 16.67% month-on-month and down 9.06% year-on-year [4][9]. - **Domestic Passenger Cars**: 5,697 registrations, up 26.21% month-on-month and up 11.88% year-on-year [4][10]. - **Small Passenger Cars (excluding sedans)**: 9,282 registrations, up 21.32% month-on-month and up 14.44% year-on-year [4][11]. - **New Energy Passenger Cars**: 34,666 registrations, up 11.83% month-on-month and up 58.70% year-on-year [4][12]. - **Large Buses**: 828 registrations, up 23.95% month-on-month and up 18.12% year-on-year [4]. - **Small Trucks**: 1,100 registrations, down 5.74% month-on-month but up 11.11% year-on-year [4]. - **Large Trucks**: 1,024 registrations, down 17.75% month-on-month and up 29.13% year-on-year [4]. Year-on-Year Comparison by Vehicle Type - **Import Passenger Cars**: Year-to-date total of 25,758, down 17.65% year-on-year [4][9]. - **Domestic Passenger Cars**: Year-to-date total of 41,442, down 16.63% year-on-year [4][10]. - **Small Passenger Cars (excluding sedans)**: Year-to-date total of 72,018, down 14.01% year-on-year [4][11]. - **New Energy Passenger Cars**: Year-to-date total of 237,245, up 17.78% year-on-year [4][12]. - **Large Buses**: Year-to-date total of 3,770, up 20.22% year-on-year [4]. - **Small Trucks**: Year-to-date total of 10,200, up 28.83% year-on-year [4]. - **Large Trucks**: Year-to-date total of 10,209, up 38.39% year-on-year [4]. Monthly Trends - The monthly registration data indicates a fluctuating trend in vehicle types, with significant growth in new energy vehicles and certain domestic passenger car segments, while imports show a decline [3][4][5].

Core Viewpoint - The article highlights the significant growth in vehicle registrations in Shanghai for September 2025, with a total of 48,942 vehicles registered, marking a year-on-year increase of 24.12% and a month-on-month increase of 11.23% [3][4]. Vehicle Registration Summary - The breakdown of vehicle registrations by type in September 2025 is as follows: - Imported passenger cars (including sedans): 2,699 units, a year-on-year decrease of 2.17% but a month-on-month increase of 16.59% [4][9]. - Domestic sedans: 4,514 units, showing a year-on-year increase of 6.14% and a month-on-month increase of 14.57% [4][10]. - Small passenger cars (excluding sedans): 7,651 units, with a year-on-year increase of 3.41% and a month-on-month increase of 11.95% [4][11]. - New energy passenger cars: 30,998 units, reflecting a year-on-year increase of 33.86% and a month-on-month increase of 9.10% [4][12]. - Large buses: 668 units, with a significant year-on-year increase of 51.47% and a month-on-month increase of 22.12% [4]. - Small and large trucks: 1,167 and 1,245 units respectively, with year-on-year increases of 62.31% and 76.85% [4]. Year-to-Date Performance - For the first nine months of 2025, the total vehicle registrations reached 345,102 units, showing a slight year-on-year increase of 0.30% [4]. - The performance of various vehicle types from January to September 2025 includes: - Imported passenger cars: 23,509 units, down 18.38% year-on-year [4][9]. - Domestic sedans: 35,745 units, down 19.89% year-on-year [4][10]. - Small passenger cars: 62,736 units, down 17.06% year-on-year [4][11]. - New energy passenger cars: 202,579 units, up 12.80% year-on-year [4][12]. Market Trends - The article indicates a growing trend in new energy vehicle registrations, which have shown resilience and growth compared to traditional vehicle types [4][12]. - The data suggests a shift in consumer preferences towards new energy vehicles, as evidenced by the substantial year-on-year growth in this category [4][12].

Core Insights - The overall vehicle registration in Shanghai for August 2025 reached 44,001, marking a year-on-year increase of 5.24% and a month-on-month increase of 9.54% [3][4]. Vehicle Registration Breakdown - **Imported Passenger Cars**: 2,315 units registered in August 2025, showing a month-on-month decrease of 11.23% and a year-on-year decrease of 17.47%. Cumulative registrations from January to August 2025 totaled 20,810, down 20.10% year-on-year [4][9]. - **Domestic Sedans**: 3,940 units registered in August 2025, with a slight month-on-month decrease of 0.15% and a significant year-on-year decrease of 22.30%. Cumulative registrations for the year reached 31,231, down 22.63% year-on-year [4][10]. - **Small Passenger Cars (excluding sedans)**: 6,834 units registered in August 2025, reflecting a month-on-month decrease of 6.10% and a year-on-year decrease of 17.89%. Year-to-date registrations totaled 55,085, down 19.28% year-on-year [4][11]. - **New Energy Passenger Cars**: 28,413 units registered in August 2025, with a month-on-month increase of 17.96% and a year-on-year increase of 21.38%. Cumulative registrations for the year reached 171,581, up 9.68% year-on-year [4][12]. - **Large Buses**: 547 units registered in August 2025, showing a significant month-on-month increase of 96.76% but a year-on-year decrease of 11.20%. Year-to-date registrations totaled 2,274, up 14.04% year-on-year [4]. - **Small Trucks**: 1,108 units registered in August 2025, with a month-on-month increase of 10.36% and a year-on-year increase of 9.59%. Cumulative registrations reached 7,239, up 27.67% year-on-year [4]. - **Large Trucks**: 844 units registered in August 2025, reflecting a month-on-month decrease of 12.90% but a year-on-year increase of 46.27%. Year-to-date registrations totaled 7,940, up 35.03% year-on-year [4]. Summary of Trends - The overall vehicle registration trend in Shanghai indicates a recovery in the market, particularly in the new energy vehicle segment, which continues to grow despite declines in traditional vehicle categories [3][4][12].

Core Viewpoint - In June 2025, Shanghai's total vehicle registration reached 40,907, marking a year-on-year increase of 15.17% and a month-on-month increase of 7.42% [3][4]. Vehicle Registration Summary - **Total Vehicle Registration**: 40,907 in June 2025, with a year-on-year growth of 15.17% and a month-on-month growth of 7.42% [3][4]. - **Breakdown by Vehicle Type**: - **Imported Passenger Cars**: 2,401 units, down 0.41% month-on-month and down 6.83% year-on-year [4][9]. - **Domestic Passenger Cars**: 4,108 units, up 7.20% month-on-month and up 2.85% year-on-year [4][10]. - **Small Passenger Cars (excluding sedans)**: 6,844 units, down 1.81% month-on-month and down 2.88% year-on-year [4][11]. - **New Energy Passenger Cars**: 25,300 units, up 10.39% month-on-month and up 22.28% year-on-year [4][12]. - **Large Buses**: 468 units, up 146.32% month-on-month and up 257.25% year-on-year [4]. - **Small Trucks**: 865 units, up 6.53% month-on-month and up 46.86% year-on-year [4]. - **Large Trucks**: 921 units, down 2.64% month-on-month and up 87.96% year-on-year [4]. Year-to-Date Registration Performance - **Total Year-to-Date Registration**: 211,989 units from January to June 2025, reflecting a year-on-year decrease of 4.57% [4]. - **Year-to-Date Breakdown**: - **Imported Passenger Cars**: 15,887 units, down 21.09% year-on-year [4][9]. - **Domestic Passenger Cars**: 23,345 units, down 23.40% year-on-year [4][10]. - **Small Passenger Cars (excluding sedans)**: 40,973 units, down 20.37% year-on-year [4][11]. - **New Energy Passenger Cars**: 119,081 units, up 7.86% year-on-year [4][12]. - **Large Buses**: 1,449 units, up 45.05% year-on-year [4]. - **Small Trucks**: 5,127 units, up 29.37% year-on-year [4]. - **Large Trucks**: 6,127 units, up 29.84% year-on-year [4].

Investment Rating - The report does not explicitly state an investment rating for the automotive industry in Shanghai for April 2025 Core Insights - The total vehicle registration in Shanghai for April 2025 was 36,932 units, reflecting a month-on-month decrease of 7.97% and a year-on-year decrease of 6.38% [4] - The registration of new energy vehicles showed a slight year-on-year decline of 1.48% in April 2025, with a total of 19,899 units registered [4] - The overall trend indicates a significant decline in the registration of domestic and imported passenger cars, with domestic sedans experiencing a year-on-year drop of 21.92% [4] Summary by Relevant Sections Vehicle Registration Data - Imported passenger cars (including sedans) registered 2,819 units in April 2025, down 11.77% year-on-year [4] - Domestic sedans saw 4,008 units registered, marking a 21.92% decrease year-on-year [4] - Small passenger cars (excluding sedans) totaled 7,444 units, down 15.21% year-on-year [4] - New energy passenger cars had a total of 19,899 units registered, with a year-on-year growth of 3.21% for the first four months of 2025 [4] Monthly Registration Trends - The cumulative monthly registration data indicates a downward trend in overall vehicle registrations in Shanghai over recent years [5][7] Source Country of Imported Vehicles - In April 2025, Germany was the leading source of imported cars (excluding new energy), with 1,556 units registered, reflecting a year-on-year decline of 13.12% [9] - Japan followed with 804 units, showing a year-on-year increase of 6.49% [9] - The UK and Sweden experienced significant declines, with registrations down 36.01% and 2.70% year-on-year, respectively [9]