汽车海外销量点评：7月欧洲车市回暖，北美尚未全面涨价

Investment Rating - The report maintains a "Buy" recommendation for the automotive industry [2] Core Views - Global light vehicle sales in July reached approximately 7.05 million units, a year-on-year increase of 5.7% but a month-on-month decrease of 4.8%. Overseas sales totaled about 4.62 million units, with a year-on-year increase of 1.9% and a month-on-month decrease of 1.5% [2][6] - North America saw sales of 1.66 million units in July, up 6.4% year-on-year and 7.2% month-on-month. Europe recorded about 1.42 million units, a year-on-year increase of 3.4% but a month-on-month decrease of 9.3%. China reported 2.43 million units, a year-on-year increase of 14% but a month-on-month decrease of 10% [2][6] - The report anticipates that overseas light vehicle sales will reach 55.14 million units in 2025, a year-on-year decrease of 0.2% [6] Summary by Sections Industry: Sales, Exchange Rates, Freight - Global light vehicle sales in July were approximately 7.05 million units, with a year-on-year increase of 5.7% and a month-on-month decrease of 4.8% [2][6] - Global new energy vehicle sales in July were about 1.72 million units, a year-on-year increase of 28% but a month-on-month decrease of 6.4% [6][19] - The report provides insights into major exchange rates and freight trends affecting the industry [24][26] Market Competition - The report discusses the global competitive landscape, highlighting the market shares of leading automotive companies [30][35] - It notes the performance of major players in the new energy vehicle sector, with a focus on companies like BYD and Tesla [35][36] Export Situation of Automotive and Parts Companies - The report details the export performance of domestic automotive manufacturers, indicating trends in delivery values and growth rates [38][39] - It highlights companies with significant overseas revenue proportions, providing a ranking based on their export performance [37]