Core Viewpoint - The import of automobiles in China is experiencing a significant decline, with a projected drop of 32% year-on-year for the first half of 2025, totaling 220,000 units [1] Group 1: Import Trends - In June 2025, 43,000 imported vehicles were recorded, reflecting a 30% year-on-year decrease and a 9% month-on-month decline from May [1] - The peak of imported vehicles was 1.43 million units in 2014, followed by a downward trend, with slight stabilization in 2016-2017, but a continuous decline since 2018 [1] Group 2: Future Projections - The import scale is expected to continue decreasing in 2024, with an estimated total of 700,000 units, representing a 12% year-on-year decline [1] - The pressure on the import vehicle market remains significant, indicating ongoing challenges for the industry [1]

Core Insights - The import of automobiles in China is projected to decline significantly, with a forecast of 220,000 units for the first half of 2025, representing a year-on-year decrease of 32% [1] - In June 2025, the import of vehicles reached 43,000 units, showing a year-on-year decline of 30% and a month-on-month decrease of 9% compared to May [1] - The trend of declining imports has been ongoing since the peak of 1.43 million units in 2014, with slight improvements in 2016-2017, but a continuous downward trend since 2018 [1] - The total import volume for 2024 is expected to be 700,000 units, which is a 12% decrease compared to the previous year [1] - The pressure on the import vehicle market remains significant, indicating ongoing challenges for the industry [1]