智通财经APP获悉，12月2日，中国汽车流通协会发布最新一期"汽车消费指数"，2025年11月汽车消费指数为93.2，高于上 月，预计12月汽车市场好于11月。 汽车消费指数趋势图 11月受部分地区置换补贴政策调整及更多车企加入到"购置税兜底"行列等因素影响，消费者持币待购加剧，11月汽车终端 零售低于预期。12月作为全年收官之月，政策尾声效应与年终旺季叠加，12月汽车市场终端零售预计环比明显提升。 在市场层面，新能源汽车购置税免征政策将于12月底到期(2026年转为减半征收)，政策退坡临近将带来翘尾因素；以及厂 家和经销商冲刺年度目标而进一步加大促销力度。消费层面，潜在购车者为规避后续购车成本上升，部分新能源购车需求 将前置释放；此外，春节前购车需求增长，加之在政策节点的明确与经销商优惠刺激下，购买需求加速转化为实际购买。 两方面因素共同作用，推动12月市场增长动能强于11月。 需求分指数：从构成汽车消费指数的分指数看，2025年11月需求分指数为为86.8，略高于上月。新能源购置税免征政策倒 计时将激发潜在消费者的购车需求前移至12月，同时春节前的习惯性购车需求将逐渐增长，因此预计12月的市场需求高于 1 ...

北京商报讯（记者 刘晓梦）12月2日，中国汽车流通协会发布的数据显示，今年11月汽车消费指数为 93.2。 ...

Group 1 - Geely and Renault Group have signed a strategic cooperation agreement in Brazil, marking a shift from product export to technology sharing and channel integration for Chinese automakers [1] - Geely will acquire 26.4% of Renault Brazil, allowing shared access to production capacity and market networks, with Renault Brazil becoming a distributor for Geely's electric SUV EX5 [1] - This partnership is expected to enhance Geely's localization in the South American electric vehicle market and improve model penetration efficiency through Renault's established distribution network [1] Group 2 - Zhu Huarong has resigned as chairman of Changan Ford, with Zhao Fei taking over, indicating a strategic adjustment by stakeholders in the joint venture [2] - The management changes may accelerate decision-making efficiency in Changan Ford's electrification transformation and localization operations, signaling positive developments for joint venture management [2] - The restructuring of key personnel in leading joint ventures could attract market attention towards innovative collaboration models during a critical transformation period for traditional automakers [2] Group 3 - Seres has set the final price for its H-share IPO at HKD 131.50 per share, with an additional issuance of 8.40% of shares, indicating strong recognition from international capital markets [3] - The IPO proceeds are expected to enhance the company's financial strength, supporting its expansion in smart vehicle business and technology development [3] - This cross-border financing case may open new capital replenishment paths for the new energy vehicle sector and prompt a reassessment of valuation models for smart electric vehicle companies [3] Group 4 - The automotive consumption index for October 2025 is reported at 90.5, indicating an increase from the previous month, with expectations for a slight rise in November [4] - The release of the fourth batch of subsidies for vehicle trade-ins is expected to boost consumer demand for car purchases in the fourth quarter [4] - The improvement in the automotive consumption index and the availability of trade-in subsidies are likely to enhance market expectations for the automotive sector, particularly benefiting domestic brands and new energy vehicle companies [4]

Core Insights - The automotive consumption index for October 2025 is reported at 90.5, indicating an increase from the previous month, with expectations for continued growth in November [1] - The fourth batch of vehicle trade-in subsidies has been allocated, which is expected to sustain consumer demand for vehicle purchases in the fourth quarter [3] - The upcoming expiration of the new energy vehicle purchase tax exemption by the end of December 2025 is driving consumers to accelerate their purchasing decisions [3][12] Demand Index - The demand sub-index for October 2025 stands at 85.9, remaining stable compared to the previous month, influenced by new vehicle launches at the Guangzhou Auto Show and the impending end of the new energy vehicle tax exemption [4] - Seasonal adjustments and changes in trade-in subsidy policies in various regions may dampen consumer demand growth [4] Store Visit Index - The store visit sub-index for October 2025 is recorded at 88.3, showing a decline from the previous month due to colder weather and fewer large auto shows compared to October [6] Purchase Index - The purchase sub-index for October 2025 is at 95.2, reflecting an increase from the previous month, driven by the nearing end of the new energy vehicle tax exemption and the trade-in subsidy policy [8] - Overall market sales are expected to continue growing in November [8] Market Outlook - The automotive market is anticipated to maintain an upward trend in November, supported by government subsidies and promotional activities from dealers during the "Double 11" shopping festival [12] - The Guangzhou Auto Show is expected to inject new growth momentum into the market [12]

Core Insights - The automotive consumption index in China for October is reported at 90.5, indicating a moderate level of consumer activity in the automotive sector [1] Demand Index - The demand sub-index stands at 85.9, suggesting a decline in consumer demand for automobiles [1] Store Visit Index - The store visit sub-index is recorded at 88.3, reflecting a decrease in the number of consumers visiting dealerships [1] Purchase Index - The purchase sub-index is at 95.2, indicating a relatively stronger intent to purchase among those who do visit dealerships [1]

Core Insights - The automotive consumption index in China for September is reported at 88.9, indicating a specific level of consumer activity in the automotive sector [1] Industry Summary - The data was released by the China Automobile Dealers Association, reflecting the current state of automotive consumption in the country [1]

Core Insights - The latest "Automobile Consumption Index" released by the China Automobile Dealers Association indicates a positive trend in the automotive market, with the index for September 2025 at 88.9, an increase from the previous month [1] - The demand sub-index for September 2025 stands at 85.8, also higher than the previous month, suggesting a growing consumer interest in automotive purchases [1] - Factors such as policy incentives, seasonal consumption patterns, and the launch of new products are driving the increase in automotive market demand for October compared to September [1]

Core Viewpoint - The latest "Automobile Consumption Index" released by the China Automobile Dealers Association indicates a positive trend in automobile sales, with expectations for October sales to exceed those of September, driven by various factors including government subsidies and new vehicle launches [1][3][10]. Summary by Categories Automobile Consumption Index - The Automobile Consumption Index for September 2025 is reported at 88.9, showing an increase from the previous month [1]. - The demand sub-index for September 2025 stands at 85.8, also higher than the previous month, indicating a boost in market demand due to policy incentives and seasonal factors [3][10]. Demand Factors - The number of vehicle trade-in applications reached 8.3 million as of September 10 this year, reflecting strong consumer interest [3]. - The fourth batch of 69 billion yuan in subsidy funds is set to be released in October, which is expected to further stimulate automobile consumption [3]. Market Dynamics - The October market is anticipated to maintain strong sales momentum, supported by the upcoming subsidy release and the expiration of the new energy vehicle purchase tax exemption at the end of December [10]. - The launch of multiple new vehicles at the end of September and large auto shows during the National Day holiday are expected to significantly increase consumer foot traffic and purchasing activity [6][10]. Purchasing Behavior - The purchasing sub-index for September 2025 is recorded at 90.5, indicating a rise from the previous month, as consumers are likely to expedite their purchasing decisions in light of the forthcoming subsidy and tax exemption changes [8][10].

Core Insights - The automotive consumption index in China for August 2023 is reported at 83.3, indicating a stable consumer sentiment in the automotive market [1] Group 1: Automotive Consumption Index - The overall automotive consumption index stands at 83.3 for August 2023, reflecting consumer behavior and market conditions [1] - The in-store index is recorded at 80.5, suggesting a moderate level of consumer engagement in dealerships [1] - The purchase index is higher at 86.9, indicating a stronger intent to buy among consumers [1]

Core Insights - The automotive consumption index in China for July 2025 is reported at 77.6, showing an increase from the previous month, indicating a positive trend in consumer sentiment and market activity [1] - The upcoming school season and promotional events such as the 818 car purchase festival are expected to boost sales in August, leading to a more favorable market condition compared to July [1][10] Demand Index - The demand sub-index for July 2025 stands at 76.5, which is higher than the previous month, suggesting an anticipated increase in market demand for August due to factors like summer road trips and the back-to-school season [3] - The demand is also supported by the release of new vehicle models, which is expected to enhance consumer interest [3] Store Visit Index - The store visit sub-index for July 2025 is recorded at 72.6, showing a slight increase, although high temperatures and rainy weather have reduced consumer foot traffic to dealerships [5] - As weather conditions improve towards late August, it is expected that more consumers will visit showrooms, aided by increased promotional activities from dealers [5] Purchase Intent Index - The purchase intent sub-index for July 2025 is at 80.7, reflecting a rise from the previous month, driven by the release of the third batch of old-for-new replacement funds [8] - The approaching school season is likely to accelerate vehicle purchase intentions, alongside intensified promotional efforts from dealerships [8] Overall Market Outlook - The issuance of the third batch of old-for-new replacement funds, combined with dealers' efforts to meet quarterly targets and increased promotional activities, is expected to alleviate consumer hesitation and stimulate demand [10] - The overall consumer willingness to purchase and market activity in August is projected to be higher than in July, with an expected increase in sales volume [10]