Group 1 - The automotive market is experiencing a significant price reduction, with new car prices reaching historical lows due to various subsidy policies and promotional discounts from manufacturers [1][2][5] - Major brands are offering substantial discounts, such as GAC Aion providing up to 35,000 yuan in trade-in subsidies and Chery's Tiggo 3X starting at 34,900 yuan, marking a historical low [2][6] - Luxury brands are also seeing price drops, with models like the Cadillac XT4 now available for under 160,000 yuan, and entry-level BMW electric models priced around 150,000 to 160,000 yuan [10][12] Group 2 - The promotional activities are intensified during June, coinciding with regional auto shows, leading to a flurry of limited-time offers from various manufacturers [2][4] - Despite aggressive pricing strategies, some dealers report that consumer interest has not significantly increased, with some experiencing lower sales during the holiday period compared to the previous year [9][13] - The second-hand car market is witnessing a rise in transaction volume, with some dealers reporting a 20% increase in sales, indicating a potential shift in consumer preference towards used vehicles amid new car price reductions [13]