The transition dip has closed — but the recovery is modest in absolute terms换代低谷已经结束,但恢复幅度在绝对量上并不大
A5 sales fell 32% year on year in FY2025 to 16,776 units during the outgoing line's phase-out, then grew 7% year on year in H1 2026 to 8,882 units after the full launch — described in the report as recovery momentum outperforming overall European luxury sedan trends [1].2025 全年销量在旧款退市期同比下滑 32% 至 16,776 台;全面上市后,2026 上半年同比增长 7% 至 8,882 台——原报告称其恢复动能优于欧洲豪华轿车市场整体走势 [1]。
The franchise has stabilised, but the half-year base is small. The priority is protecting the recovery — converting existing cross-shoppers — rather than pursuing share gains that require a price move the product cannot yet justify.产品线已经稳住,但半年基数仍然偏小。首要任务应是守住恢复势头——转化已在比价的现有客户——而非追求需要降价才能支撑的份额增长。