内需或为汽车行业回暖的主要驱动力，汽车ETF（516110）涨超0.6%

Group 1 - The core viewpoint indicates that domestic demand-related sectors remain worthy of attention, despite ongoing challenges in consumer demand and economic recovery [1] - In April 2025, the Consumer Price Index (CPI) showed a year-on-year change of -0.1%, remaining flat compared to previous values, while the month-on-month change was 0.1%, an improvement over negative growth in February and March [1] - Factors contributing to the CPI performance include rising gold prices, increased travel costs before the May Day holiday, and reduced imports boosting beef prices, although overall demand remains insufficient [1] Group 2 - The automotive sector's production and sales in April reached 2.619 million and 2.590 million units, respectively, reflecting seasonal declines of 12.87% and 11.16% month-on-month, with year-on-year production growth narrowing to 8.9% and sales growth expanding to 9.8% [1] - Cumulative production and sales from January to April totaled 10.175 million and 10.060 million units, marking year-on-year increases of 12.9% and 10.8% [1] - The government's "two new" policy, focusing on large-scale equipment updates and trade-in programs, is showing positive effects in the automotive sector [1] Group 3 - Future outlook suggests that domestic demand will likely remain the primary driver for industry recovery, while the impact of U.S.-China trade talks on vehicle exports is minimal [2] - There is potential for a short-term boost in exports of automotive parts, with expectations of increased activity within three months [2] - Investors interested in the automotive sector may consider focusing on automotive ETFs for investment opportunities [2]