Group 1: Passenger Car Market Performance - In the period from September 1 to 27, the retail sales of passenger cars in China reached 1.776 million units, showing a year-on-year growth of 0% and a month-on-month increase of 12% [1][5] - Cumulative retail sales for the year reached 16.54 million units, reflecting an 8% year-on-year increase [1][5] - Wholesale figures for the same period were 2.103 million units, with a year-on-year growth of 1% and a month-on-month increase of 16% [1][10] Group 2: New Energy Vehicle Market - Retail sales of new energy vehicles from September 1 to 27 totaled 1.039 million units, marking a 9% year-on-year increase and a 17% month-on-month increase [1][5] - The penetration rate of new energy vehicle retail sales reached 58.5%, with cumulative retail sales for the year at 8.609 million units, a 24% year-on-year growth [1][5] - Wholesale of new energy vehicles was 1.154 million units, up 12% year-on-year and 21% month-on-month, with a cumulative total of 10.098 million units for the year, reflecting a 31% year-on-year increase [1][10] Group 3: Market Trends and Influences - The market showed stable retail trends in early September 2025, remaining flat compared to 2023 but weaker than the performance in early September 2024 [5] - The "Golden September and Silver October" traditional peak season is expected to boost sales, aided by national and local subsidies [6] - The introduction of new models at the Chengdu Auto Show has generated significant interest, although the contribution of new models has been below expectations due to a lack of popular entry-level vehicles [6] Group 4: Wholesale Trends - Daily average wholesale figures for passenger cars showed a year-on-year decline of 5% in the first week of September, but increased by 26% in the second week [9][10] - The overall wholesale performance from September 1 to 27 was 2.103 million units, with a year-on-year increase of 1% and a month-on-month increase of 16% [1][10] - The cautious approach of leading manufacturers in maintaining market price stability and managing inventory pressures has been noted [10]