CPCA said November has 21 working days—same as last year and two more than
October—giving a longer effective production and sales window. Cold weather and
migrant-worker returns should boost county and township demand; CPCA sees
structural opportunities in new-energy vehicles and low- to mid-end
internal-combustion-engine cars, but warns November is historically volatile and
can be weak as external macro conditions and seasonality interact. CPCA views
November as a reasonable time to actively build inventory ahead of typically
stronger year-end demand, noting the constraint of weak dealer confidence, some
dealer exits and reduced channel stocking, which leaves significant year-end
destocking pressure.
