Core Viewpoint - The Guizhou Province has launched a three-month automotive promotion campaign starting January 1, 2026, aimed at stimulating the local car consumption market through cash subsidies for personal vehicle purchases [1] Group 1: Promotion Details - The automotive promotion campaign will run from January 1 to March 31, 2026 [1] - Cash subsidies are available for personal consumers purchasing new non-commercial passenger vehicles with a seating capacity of seven or fewer, provided the invoice and vehicle registration are both in Guizhou [1] - The subsidy structure is as follows: - For vehicles priced below 100,000 yuan, a subsidy of 3,000 yuan per vehicle [1] - For vehicles priced between 100,000 and 200,000 yuan, a subsidy of 4,000 yuan per vehicle [1] - For vehicles priced between 200,000 and 300,000 yuan, a subsidy of 5,000 yuan per vehicle [1] - For vehicles priced at 300,000 yuan or above, a subsidy of 6,000 yuan per vehicle [1] Group 2: Application Process - Consumers must submit their subsidy applications through the "Guizhou Province Automotive Purchase New Subsidy Application Platform" by April 10, 2026, at 24:00 [1] - Any necessary supplementary materials must be submitted by April 13, 2026, at 24:00 [1] - The application platform is currently undergoing technical upgrades, and the specific reopening time will be announced later [1]

Core Insights - The global light vehicle market showed mixed performance in November, with various regions experiencing different trends in sales and selling rates [4][5]. Western Europe - The Western Europe light vehicle market remained broadly flat in November, with sales reaching 1.09 million units and a selling rate of 14.4 million units/year [1]. - Year-to-date sales stand at 12.2 million units, reflecting a slight increase of 0.1% year-on-year [1]. - Spain emerged as the strongest market, while Germany showed modest growth, contrasting with flat or weak results in France, Italy, and the UK [1]. Canada - Canadian light vehicle sales totaled an estimated 140,000 units in November, down by 6.2% year-on-year, with a selling rate of 1.79 million units/year [2]. - The decline in sales is attributed to increasing monthly loan payments, indicating cost pressures on buyers [2]. Mexico - In Mexico, sales decreased by 1.3% year-on-year to 155,000 units, but the selling rate improved to 1.71 million units/year from 1.63 million units/year in October [2]. United States - US light vehicle sales fell by 5.8% year-on-year in November to 1.29 million units, with an annualized selling rate of 15.8 million units/year [3]. - The decline was influenced by the removal of EV tax credits and economic concerns, although the market performed relatively well under the circumstances [3]. - Average transaction prices were $46,205, down by $207 month-on-month, but up by 2.0% year-on-year [3]. Global Overview - The global light vehicle selling rate remained strong at 95 million units/year, slightly below October's result, with total sales of 8.1 million units globally, reflecting a 2% year-on-year decline [5]. - Year-to-date sales reached 83.6 million vehicles, up 4% from the same period in 2024 [5]. Eastern Europe - The light vehicle selling rate in Eastern Europe was consistent with October's result at 5.0 million units/year [6]. - Russia's market cooled with a 17% month-on-month decline but was still up 0.8% year-on-year [6]. - Turkey's market grew for the ninth consecutive month, with sales totaling 105,000 units in November, and year-to-date sales up 11% from 2024 [6]. China - The Chinese passenger vehicle market fell 6.4% year-on-year, although the selling rate remains strong [7]. - The market is expected to maintain a strong selling rate in December, capping a year of impressive growth [7][8]. Japan - Japanese light vehicle sales dropped 5.2% year-on-year to 367,000 units, marking five consecutive months of decline [9]. - The market's recovery is hindered by lower consumer spending due to higher financing repayment rates [9]. South Korea - Korean light vehicle sales edged up 0.5% year-on-year to 146,000 units in November, with a selling rate of 1.75 million units/year [10]. South America - Brazilian light vehicle sales totaled 227,000 units in November, down by 5.4% year-on-year, but the selling rate increased to 2.84 million units/year [11]. - In Argentina, sales totaled 32,900 units, down by 3.4% year-on-year, marking the first decline since July 2024 [12].

Core Points - The 2025 Hainan Auto Ecological Camping Expo will take place from November 8 to 16 in Danzhou, featuring a total of 4 million yuan in shopping vouchers [1] - Car purchase vouchers will offer discounts up to 8,000 yuan and can be combined with manufacturer benefits [1][2] - The event will focus on "automobile ecological camping," providing a one-stop shopping experience that includes car camping, retail, food, fishing, hot air ballooning, and marine sightseeing [2] Summary by Category Shopping Vouchers - A total of 4 million yuan in shopping vouchers will be distributed during the expo, with various discount tiers available for car purchases [1] - The vouchers are structured in six tiers, offering discounts based on purchase amounts, with the highest discount of 8,000 yuan for purchases over 150,000 yuan [1] Car Purchase Incentives - The expo will feature numerous car brands offering substantial trade-in subsidies and financial options such as "0 down payment, 0 interest, and 0 monthly payments" [2] - For example, a 160,000 yuan family car can see a total cost reduction of 30,000 to 40,000 yuan when combining the shopping vouchers with national and manufacturer subsidies [2] Event Experience - The expo aims to create a comprehensive consumer experience centered around automobile camping, integrating various activities and services [2]