汽车行业周报：预计10月乘用车零售景气再提升，建议积极参与汽车机会

Investment Rating - The report maintains a "Recommended" rating for the automotive industry [1] Core Insights - The automotive retail market is expected to see an increase in consumer sentiment in October, driven by new vehicle launches and government subsidies for vehicle trade-ins [6][15] - The report highlights significant growth in the delivery volumes of several new energy vehicle manufacturers in September, indicating a robust recovery in the sector [12][14] Summary by Sections Recent Trends - The automotive sector has shown a relative performance increase of 22.5% over the past month, outperforming the CSI 300 index which increased by 21.0% [2] - The report notes that as of September 25, over 1.13 million applications for vehicle trade-in subsidies have been submitted, reflecting a rapid growth trend [14] Market Performance - The automotive sector index increased by 20.9% from September 23 to September 30, lagging behind the Shanghai Composite Index which rose by 21.9% during the same period [17] - Key new energy vehicle manufacturers reported substantial sales growth in September, with Li Auto achieving 53,709 units sold, a 48.9% year-on-year increase [12][13] Recommendations - The report suggests focusing on several key players in the passenger vehicle segment, particularly those associated with Huawei, as well as other domestic brands like BYD and Great Wall Motors, which are expected to benefit from the improving market conditions [6][15] - For commercial vehicles, Yutong Bus is highlighted as a strong candidate due to its high dividend yield and benefits from trade-in policies [6][15]