点 击 蓝 字 关 注 我 们 本文全文共 1580 字，阅读全文约需 5 分钟 2025年12月10日，中国汽车流通协会发布2025年11月份"汽车经销商库存"调查结果：11月份汽车经销商综 合库存系数为1.57，环比上升34.2%，同比上升41.4%，库存水平处于警戒线以上，高于合理区间。 一、11月份库存系数同比、环比上升 11月乘用车市场呈现前低后高走势，但预期的年末"翘尾效应"并未显著显现。月初市场开局低迷，主要 受"金九银十"消费需求前置透支、多地补贴政策收紧暂停及新能源购置税兜底计划延迟消费影响，超80%经销 商对11月持悲观态度。下半月在"双11"促销、广州车展新车上市、终端降价及购置税免征倒计时优惠推动下回 暖，叠加报废更新政策12月底截止释放部分需求。 截至10月22日以旧换新补贴申请量突破千万辆，前11个月累计达1120万辆。随着各地补贴大面积暂停， 经销商虽全力冲刺年度目标加速消化库存，但因年底冲量补库及政策退坡影响，库存水平快速攀升，压力持续 增大。综合预计，根据中国汽车流通协会乘联分会的统计，11月份乘用车终端销量222.5万辆，以此测算，11 月末汽车经销商库存总量大致在350万 ...

Core Viewpoint - The phenomenon of "zero-kilometer used cars" in the Chinese automotive market represents a complex issue driven by overproduction and inventory management strategies, leading to significant market disruptions and potential risks for consumers and manufacturers alike [1][4][10]. Group 1: Definition and Mechanism - "Zero-kilometer used cars" refer to vehicles that have either never been driven or have only been driven a few hundred kilometers, and can be either registered or unregistered [2]. - This practice allows manufacturers and dealers to sell new cars as used cars at substantial discounts, often between 3% to 8% below the original dealership price, with some prices dropping as low as 57% of the new car invoice price [4][6]. Group 2: Market Impact - The estimated transaction volume for "zero-kilometer used cars" in 2024 could reach nearly 1 million units, accounting for 5% of the entire used car market [7]. - The export of these vehicles has surged from 15,000 units in 2021 to an expected 436,000 units in 2024, with projections suggesting it will exceed 500,000 units in 2025 [7]. - The prevalence of "zero-kilometer used cars" is causing a collapse in the pricing structure, leading to unhealthy competition and market inefficiencies [9]. Group 3: Regulatory Response - New regulations set to take effect on January 1, 2026, will require vehicles registered for less than 180 days to have a "Post-Sale Service Confirmation" from the manufacturer, which will significantly impact the export of these vehicles [10][11]. - The new rules aim to eliminate the gray market and ensure that only vehicles with proper after-sales support can be exported, thereby promoting a healthier used car export ecosystem [11]. Group 4: Future Outlook - The automotive industry is urged to address the root causes of the "zero-kilometer used car" phenomenon by improving standards across design, manufacturing, and sales processes [13]. - The industry is entering a critical transition period towards standardization and quality improvement in the used car market, with future initiatives expected to enhance logistics, finance, and warranty services [11].

（文章来源：第一财经） 据南方+，广东省汽车流通协会发布公告称，为更好满足广大消费者购车需求，结合《"广东优品购"广 州市第二轮促进汽车消费活动实施细则》以及省、市资金预算总体安排情况，经研究，补充活动资金3 亿元，其中，4000元、5000元补贴标准的资金额度各1.5亿元（分别配置3.75万、3万个名额）。本次活 动资金严格按照"总额控制、先到先得、用完即止"原则，每个补贴标准的资金额度不共享，申请资金达 到活动配置资金额度后，系统将自动停止接受申请。 ...

引言： 是谁还在回味去年冬日重庆那场热辣的火锅狂欢！ 轻轨穿梭于巨大的"火锅"圆环的精彩瞬间，至今还在脑海循环；55 张圆桌围出团圆阵，四方来客和城市守护者们与市民围坐成圈，牛油香裹着歌声笑声飘 满街头，烟火气直接焊在九龙门下！ 今冬，这份滚烫的记忆即将迎来续集。2025年12月19日-21日，抖音生活火锅季沸腾嘉年华暨重庆万人火锅节，空降朝天门广场。此次活动由重庆市商务委 员会、渝中区人民政府指导，重庆市火锅产业协会、渝中区商务委员会、朝天门·城里支持，抖音生活服务主办。两江交汇之处，一场规模更大、场面更 沸、氛围更开的火锅嘉年华，整装待发——准备好入席了吗？ 从"千人同欢"到"万人共沸"：一场跨越式的温暖奔赴 这不仅是参与人数的倍增，更是场景与体验的全面跃迁。 当两江交汇的江风拂过万人餐桌，火锅不再是围坐一方的小确幸，而是以 "城市为景、万人同席" 的宏大篇章：铜锅蒸腾的热气里，藏着重庆的包容；红汤 翻滚的韵律中，跳着城市的活力。这标志着重庆火锅正以更开放的姿态拥抱世界，在 "迈向世界火锅之都" 的路上，释放出更强劲的文化吸引力。 三大沸腾现场，打造沉浸体验 火锅，是中华饮食文化的瑰宝，更是人间烟火的生动 ...

Core Viewpoint - US retail sales remained flat in October, with declines in auto dealer sales and weak gasoline revenue offsetting growth in other categories [1] Group 1: Retail Sales Overview - The total retail sales, adjusted for inflation, were essentially unchanged from the previous month, with September's data revised to a growth of 0.1% [1] - Excluding auto dealers and gas stations, sales increased by 0.5% [1] - Among 13 retail categories, 8 experienced growth, particularly strong performances were noted in department stores and online retailers [1] Group 2: Specific Sales Trends - Auto sales decreased by 1.6%, partly due to the expiration of federal tax incentives for electric vehicles [1] - Gasoline prices fell, which negatively impacted sales at gas stations [1] - The control group sales, which excludes food services, auto dealers, building material stores, and gas stations, grew by 0.8%, marking the largest increase in four months [1] Group 3: Consumer Behavior Insights - Early in the holiday shopping season, consumer spending showed signs of improvement [1] - Despite concerns over employment and dissatisfaction with high living costs, consumers are still seeking discounted products [1] - Recent spending growth is primarily driven by wealthier households, while lower-income Americans remain cautious [1]

美国10月份零售销售基本持平，主要受汽车经销商销售额下降和汽油销售疲软的拖累。 美国10月份零售销售基本持平，主要受汽车经销商销售额下降和汽油销售疲软的拖累。 根据美国商务部公布的因政府关门而延迟的数据，在未经通胀调整的基础上，10月份零售销售额持平， 9月数据修正后为增长0.1%。若剔除汽车经销商和加油站，10月份零售额增长0.5%。 | 指标 | 实际 | 估计 | | --- | --- | --- | | 零售额（环比） | +0.0% | +0.1% | | 除汽车、汽油外的销售额（环比） | +0.5% | +0.4% | | "控制组"销售额（环比） | +0.8% | +0.4% | 责任编辑：刘明亮 根据美国商务部公布的因政府关门而延迟的数据，在未经通胀调整的基础上，10月份零售销售额持平， 9月数据修正后为增长0.1%。若剔除汽车经销商和加油站，10月份零售额增长0.5%。 | 指标 | 实际 | 估计 | | --- | --- | --- | | 零售额（环比） | +0.0% | +0.1% | | 除汽车、汽油外的销售额（环比） | +0.5% | +0.4% | | "控制组"销 ...

Core Viewpoint - In October, U.S. retail sales remained flat due to declines in auto dealership sales and weak gasoline sales, offsetting gains in other categories [1][5]. Group 1: Retail Sales Data - October retail sales were flat, with a revised increase of 0.1% in September [1][5]. - Excluding auto dealerships and gas stations, retail sales increased by 0.5% in October [1][5]. - The "control group" sales, which are included in GDP calculations, rose by 0.8%, marking the largest increase in four months [7]. Group 2: Consumer Behavior and Trends - Among 13 retail categories, 8 recorded growth, with significant increases in department stores and online retailers [7]. - Auto sales fell by 1.6%, partly due to the expiration of federal electric vehicle tax credits, while declining gasoline prices reduced gas station revenues [7]. - Consumer spending has accelerated in the early weeks of the holiday shopping season, driven by concerns over job prospects and high living costs, leading consumers to seek discounts [7]. Group 3: Economic Indicators - November employment growth remained sluggish, with the unemployment rate rising to 4.6%, the highest level since 2021 [3]. - Retail data indicated strong sales in electronics, appliances, furniture, and sporting goods, while restaurant and bar sales decreased by 0.4% [3][7]. - Economists expect personal spending on goods and services to slow in the fourth quarter following robust growth in the third quarter [8].

Group 1 - The core point of the article is that 德众汽车 (Dezhong Automobile) announced the approval of two significant proposals during its fourth board meeting, which includes the expected guarantee limit for the consolidated financial statements for the year 2026 and the proposal to hold the second extraordinary shareholders' meeting in 2025 [2] Group 2 - The company is preparing to set a guarantee limit for its consolidated financial statements, indicating a strategic move to manage financial risk and obligations [2] - The decision to convene a second extraordinary shareholders' meeting in 2025 suggests ongoing engagement with shareholders and potential discussions on future company strategies [2]

Core Viewpoint - Xining Yaochi Automotive Technology Co., Ltd. has been established with a registered capital of 1 million RMB, indicating a new player in the automotive sector focusing on various services related to vehicle sales and maintenance [1] Company Summary - The legal representative of the newly established company is Chai Xiaohu [1] - The company’s business scope includes second-hand car trading, micro-car rental services, automobile sales, vehicle repair and maintenance, and automotive decoration products sales [1] - Additional services offered by the company include towing, roadside assistance, and sales of automotive parts and accessories [1] - The company is also involved in the sales of new energy vehicle components and battery accessories, as well as the establishment of battery swapping facilities [1]

Core Viewpoint - The "2025 Quality Products Connecting the World" agricultural exhibition in Lianyungang aims to enhance the "Lian Tian Xia" brand effect and create a trade platform for specialty products from Central Asia, integrating online and offline resources to provide a global quality consumption experience [1][6]. Group 1: Exhibition Overview - The exhibition is organized by Lianyungang Agricultural Commercial Holding Group and lasts for three days, featuring a total of approximately 100 exhibition booths [1]. - The event includes two special exhibition areas, nine themed areas, and a new energy vehicle exhibition area, showcasing products from ten countries of the Shanghai Cooperation Organization and various regions along the Belt and Road [1][3]. Group 2: Consumer Experience Enhancement - The exhibition incorporates emotional value into the consumer experience through themed decorations and interactive elements, including food tasting areas and entertainment facilities [2][3]. - Special promotions are offered, such as discounts on new self-operated brands and free access to children's play facilities, aimed at stimulating consumer spending [3][4]. Group 3: Safety and Security Measures - A comprehensive safety system is established, including market supervision, fire safety measures, and medical support to ensure a secure environment for attendees [4]. - Consumer vouchers are provided to encourage spending, with a total budget of 50,000 yuan allocated for these promotions [4]. Group 4: Long-term Development Strategy - The organizing group plans to extend services to exhibitors, including a dedicated storage area for goods and the potential for ongoing sales opportunities beyond the exhibition [5]. - Future initiatives will focus on integrating agricultural products with tourism and commerce, aiming to expand the "Lian Tian Xia" brand into broader markets [6].