政策组合拳持续发力，大宗消费持续回暖。全区各地打出"财政补贴＋车展优惠＋车企让利"组合 拳，自治区层面新增投入3.5亿元资金开展新车购车补贴活动，购买新车最高直补5000元。各地抢抓消 费旺季，积极举办各类智能汽车、家电、家居、3C数码产品促销展销活动，释放大宗消费潜力。截至 10月7日，全区消费品以旧换新累计带动商品销售超640万件，补贴金额近61亿元。 数字赋能新型消费，打造AI与线上新爆点。自治区商务厅联动各市持续开展"八桂优企"溯源直播、 淘天产业带培育活动、"数享生活"即时零售直播等系列网络促销活动。第三方监测平台数据显示，国庆 中秋假期广西网络零售额同比去年增长10.4％。假日期间，东博会亮相的AI翻译眼镜在节日期间落地销 售超1.4万台、销售额约5000万元，智能腕表、家居智能设备、扫地机器人国庆中秋假期线上销售额分 别同比去年增长144.4％、12.4％、7.2％。（许丹婷 韦炳成） 10月8日，记者从自治区商务厅获悉，2025年国庆中秋假期，广西各地组织开展多主题、多层次的 促消费活动，打造一场全域联动的消费盛宴，全区消费市场热潮涌动。 商文旅体创新融合，服务消费快速增长。全区各地积极开展商 ...

格隆汇10月3日｜数据显示：特斯拉(TSLA.US)9月在英国的新车销量同比增长0.11%，达到8,038辆。 ...

Core Insights - The second-hand car industry in China is facing significant challenges in the first half of 2025, with a rising loss ratio among dealers reaching 73.6% [3] - The average inventory cycle for second-hand cars has extended to 43 days, indicating increased operational pressure on dealers [3] - The average customer acquisition cost for second-hand car platforms has surged to 6200 yuan, while the average profit per transaction is only around 1500 yuan [3] Industry Overview - The second-hand car market saw a transaction volume of 9.57 million units in the first half of 2025, a year-on-year increase of 1.99%, with a total transaction value of 623.24 billion yuan [4] - The average transaction price for second-hand cars dropped from 61,180 yuan in 2024 to 53,673 yuan, reflecting a decline of 12.3% [4] - The overall transaction volume for second-hand cars in 2025 is projected to reach approximately 20.5 million units, with a year-on-year growth rate expected to be between 4% and 5% [4] Electric Vehicle Segment - In the first half of 2025, electric vehicles accounted for 36.7% of total vehicle sales in China, but only 5.3% of second-hand car transactions, indicating a significant gap compared to new car sales [4] - The low resale value of electric vehicles, with a three-year depreciation rate of only 43% compared to 62% for fuel vehicles, contributes to their underrepresentation in the second-hand market [5] - Despite the challenges, the transaction volume of second-hand electric vehicles grew by 35.5% year-on-year, totaling 687,000 units [5] Dealer Challenges - New car dealers are also experiencing severe losses, with 52.6% reporting operational losses in the first half of 2025, and only 29.9% achieving profitability [5]

欧洲汽车制造商协会数据显示，欧盟8月新车注册量增长5.3%，达677786辆。特斯拉8月欧盟新车注册 量下降近37%。比亚迪8月欧盟新车注册量增长201%。比亚迪8月在欧盟市场份额增至1.3%，连续第二 个月超越特斯拉（1.2%）。 ...

欧洲汽车制造商协会（ACEA）9月25日发布数据显示，8月比亚迪在欧盟新车注册量同比增长两倍至 9130辆；若包括英国和欧洲自由贸易联盟（冰岛、列支敦士登、挪威和瑞士），销量则增长超过两倍， 达到11455辆。 ...

追觅造"布加迪"，零跑造"拉法"，就连iCAR的方盒子也要下赛道刷个圈。这次9月冒出来的这批车，真 的是一台比一台搞，弄得我不得不来锐评一下它们了…… ...

西非经济门户网9月13日报道，第二届阿比让车展期间，科特迪瓦汽车从业者和设备制造商联盟 （GIPAME）发布数据，证实了科在西非法语地区新车市场占据核心地位。2024年科共销售3.8万辆新 车，为科创造税收超过5000亿西非法郎（约合9亿美元）。今年前7个月科已售出2万辆新车，年底前可 实现5万新车销量目标。科新车市场发展势头强劲，得益于中产阶级崛起、汽车融资方案优化以及消费 者对安全性和舒适性的更高追求。报道认为，科汽车行业仍需应对多项挑战，包括提升道路安全基础设 施、推进能源转型、推出更具包容性的出行方案以及完善市场监管体系。 （原标题：科特迪瓦成为西非法语国家最大新车市场） ...

Real Estate Sector - Housing prices are no longer experiencing a uniform decline, with core areas in first-tier cities potentially seeing a value recovery. Prices in some second and third-tier cities have dropped significantly, but the downward trend is expected to slow down after September [2] - The supply of existing homes is increasing as the market shifts away from pre-sold properties, which have faced issues like unfinished projects. Leading developers are expected to have over 50% of their new offerings as existing homes, providing buyers with more confidence [3] Automotive Market - New car prices are being reduced, with domestic brands offering discounts of 20,000 to 30,000 yuan, while luxury imported cars are seeing reductions of nearly 100,000 yuan. For instance, a popular domestic SUV's price has dropped from 150,000 yuan to 128,000 yuan [4] - The second-hand car market is experiencing rapid depreciation, particularly for electric vehicles, with losses of 60,000 to 80,000 yuan within a year. Consumers are advised to act quickly if they plan to change cars [6] - The price reductions in the automotive market are attributed to oversupply and intense competition, especially in the electric vehicle sector [7] Consumer Behavior and Economic Outlook - The purchasing power of consumers is stabilizing, with a decrease in the Consumer Price Index (CPI) by 0.4% year-on-year as of August 2025, indicating that prices for everyday goods are either stable or declining [9] - The stability in prices is largely due to the lack of significant monetary flow into consumer markets and a slowdown in income growth, leading to cautious consumer spending [10] - Starting in September, various regions will implement measures to stimulate consumption, including the issuance of consumer vouchers that can be used across multiple sectors [12] - Businesses are also expected to offer discounts in conjunction with government initiatives, enhancing the overall value for consumers [14] Summary of Changes - The anticipated changes in the real estate and automotive markets, along with consumer behavior adjustments, reflect a more rational market environment and policy efforts aimed at easing consumer spending [20]

Inflation Data - In August, the US CPI increased by 2.9% year-on-year (previous value 2.7%, expected 2.9%) and 0.4% month-on-month (previous value 0.2%, expected 0.3%) [7] - Core CPI remained stable at 3.1% year-on-year and 0.3% month-on-month, consistent with July's figures [7] - Energy inflation rose by 1.8 percentage points to 0.7% month-on-month, while food inflation increased by 0.4 percentage points to 0.5% [9] Core Goods and Services - Core goods CPI month-on-month growth increased from 0.2% to 0.3%, primarily driven by a rebound in used car prices, which rose from 0.5% to 1.0% [11] - Core services inflation remained stable, with rent inflation contributing significantly, although its sustainability is questioned [18] - The overall core services inflation maintained at 0.4% month-on-month [21] Employment and Market Sentiment - The initial jobless claims rose from 237,000 to 263,000, exceeding market expectations and marking the highest level since June 2023 [22] - Concerns over the labor market's deterioration are overshadowing inflation concerns, leading to a focus on employment risks [22] - The market continues to favor "rate cut trades," with a 90% probability of a Fed rate cut in September, October, and December [24]

Group 1 - The company CHEVALIER INT'L (00025) has entered into an asset purchase agreement to sell certain properties and business assets to a buyer, with the transaction expected to be completed by September 16, 2025 [1] - The assets being sold include unsold new cars, several unsold used cars, display vehicles, parts, tires, gasoline, semi-finished products, prepaid expenses, commercial receivables, undelivered sold vehicles, furniture, fixtures, equipment, machinery, and goodwill [1] - The board believes that this sale represents an excellent opportunity to realize the investment value in the business, especially given the significant challenges faced by the Canadian automotive industry, such as rising interest rates and increased new car costs, which have dampened consumer purchasing intent [1] Group 2 - The asset purchase agreement and sale are conducted on standard commercial terms and will not have a significant adverse impact on the company's operations and financial condition [2] - The board considers the terms of the sale, including the price, to be fair and reasonable, aligning with the overall interests of the company and its shareholders [2]