2025年11月上海总体上牌数是 54 ,353 ，同比增长 11.88% ，环比下降 0.9% 。 11月具体分类型的上牌情况是：进口小客车（含轿车） 2,036 ；国产轿车 3,704 ；小型客车（除轿车） 6 , 480 ；新能源小客车 38, 760 ；大型客车 597 ；小型、大型货车分别是 1 , 537 和 1 , 239 。 三信息 2025年11月上海各车型上牌量同比情况 | 类型 | 2025年 | 11月 | 11月 | 2025年 | 1-11月 | | --- | --- | --- | --- | --- | --- | | | 11月 | 环比 | 同比 | 1-11月 | 同比 | | 讲口小客车 (含轿车) | 2036 | -9.47% | -28.86% | 27794 | -18.59% | | 国产轿车 | 3704 | -34.98% | -28.56% | 45146 | -17.76% | | 小型客车 (除轿车) | 6480 | -30.19% | -31.65% | 78498 | -15.80% | | 新能源小客车 | 38760 | 11.81% | ...

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]