China Automobile Dealers Association: Full-month passenger vehicle terminal sales in September are expected to reach 1.75 million units.

According to the Zhitong Finance APP, the China Automobile Dealers Association stated in a report that September ushers in the traditional "Golden September" peak season, but this year the peak season effect has been relatively weak, with the market mainly undergoing a moderate month-on-month recovery while still facing year-on-year pressure. Favorable factors for the market include suitable temperatures, front-loaded car purchase demand released ahead of the Mid-Autumn Festival and National Day holidays, large local autumn auto shows, concentrated promotions by automakers, and periodic local car purchase subsidies. Combined with the easing of production capacity constraints for some new energy vehicle models and accelerated deliveries, supply-side support has strengthened, and previously accumulated car purchase demand has been released at a faster pace. However, the ongoing industry price war, consumers' continued wait-and-see approach toward National Day holiday promotions, and the relatively high base from the same period last year have, to a certain extent, limited the strength of the market recovery in September. Full-month passenger vehicle terminal sales for September are expected to reach 1.75 million units.