On November 21, data released by the Passenger Car Association indicated that the automotive market in November is entering its year-end冲刺 (you can translate it as "push" or "sprint" depending on the context, here "sprint" is used to keep consistency with the original title) phase. Coupled with manufacturers' promotional activities for the "Double 11" shopping festival, the overall sales momentum of the peak season has been sustained. However, as of mid-month, adjustments to vehicle replacement and trade-in subsidy policies in most provinces nationwide have heightened consumers' wait-and-see attitude, introducing significant uncertainty into the automotive market for November. Preliminary estimates suggest that the retail market volume for narrowly-defined passenger cars this month will reach approximately 2.25 million units, remaining stable compared to October but experiencing an 8.7% year-on-year decline. Among these, retail sales of new energy vehicles are projected to hit around 1.35 million units, with the penetration rate expected to climb to 60% for the first time.