Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The automotive market is experiencing pressure on sales growth, but the launch of several new models is expected to drive a recovery in sales [2] - The retail sales of passenger vehicles from June 1 to June 16 were 634,000 units, a year-on-year decrease of 13% and a month-on-month decrease of 14%, while cumulative retail sales for the year reached 8.707 million units, a year-on-year increase of 4% [3][5] - The wholesale sales of passenger vehicles during the same period were 619,000 units, a year-on-year decrease of 20% but a month-on-month increase of 0%, with cumulative wholesale sales for the year at 10.203 million units, a year-on-year increase of 6% [3][5] Summary by Sections Passenger Vehicle Market - The retail sales of new energy vehicles from June 1 to June 16 were 314,000 units, a year-on-year increase of 14% but a month-on-month decrease of 4%, with cumulative retail sales for the year at 3.596 million units, a year-on-year increase of 32% [3] - The wholesale sales of new energy vehicles during the same period were 335,000 units, a year-on-year increase of 28% and a month-on-month increase of 3%, with cumulative wholesale sales for the year at 3.972 million units, a year-on-year increase of 30% [3] Light Truck Market - In May 2024, the light truck market sold 157,200 units, a month-on-month decrease of 1% and a year-on-year increase of 7%, with the year-on-year growth rate expanding compared to April [3] Industry Dynamics - Several new models were launched by major manufacturers between June 15 and June 21, including the new Wuling Bingo, Hongqi H6, and various models from Dongfeng, BAIC, GAC, and Chery [7][8][9][10][11][12][13][16][17]
汽车行业周报:销量同比增速有所承压,多款新车上市有望带动销量回暖
CAITONG SECURITIES·2024-06-25 10:07