金吾财讯 | 汽车经销商集体走低，中升控股(00881)跌4.65%，美东汽车(01268)跌3.25%，永达汽车(03669)跌2.37%。中国汽车流通协会数据显示，2025年12月中国汽车经销商库存预警指数为57.7%，同比上升7.5个百分点，环比上升2.1个百分点。库存预警指数位于荣枯线之上，汽车流通行业景气度有所下降。中国汽车流通协会调查显示，经销商客户流量减少、市场观望升温致需求收缩，新车销售利润收窄，叠加部分厂家年底冲量追加任务，加剧库存积压与资金紧张，近半数经销商2025年全年任务完成率90%及以上（15.3%超额完成）。
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