金吾财讯 | 海通国际研报称，内地各车企相继公布11月销量数据，年末冲量阶段市场格局分化态势加剧，“翘尾”现象亦显著不及往年。伴随“大规模设备更新”与“消费品以旧换新”（“两新”）政策补贴逐步退出，销量增速放缓乃至下滑的趋势或难扭转。
该行指出，11月“翘尾”行情遇冷，销量排名格局生变。以比亚迪(01211)为例，11月销量达48万辆，同比下滑5%，环比增长9%，未能突破50万辆关口，主要受国内市场需求疲软影响；其中11月国内销量34.8万辆，同比降幅达27%。前11个月累计销量418.2万辆，同比增长11%。11月海外出口量突破13万辆，再创历史新高，同比增幅近300%，全球化进程持续推进。
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