Core Insights - Jeff Bezos has expressed concerns about the current economic climate, indicating a slowdown and layoffs across various sectors [2][3] - He advises individuals to reconsider large purchases, suggesting a cautious approach to spending in light of potential economic downturns [3] Real Estate Sector - Real estate is highlighted as a resilient investment option, even amid rising mortgage rates, according to Invesco [4] - Historical data shows that from 1978 to 2021, US private real estate outperformed equities and bonds in seven out of ten years when the Federal Funds rate increased [5] - Investors can benefit from both price appreciation and steady rental income, with options available that do not require direct property management [5] Investment Platforms - First National Realty Partners offers accredited investors the opportunity to invest in institutional-quality properties leased by major brands, providing stable cash flow without the need for active management [6] - Mogul is another platform that allows fractional ownership in blue-chip rental properties, offering monthly rental income and tax benefits without significant upfront costs or management responsibilities [7]

买车是一笔不小的花费，从车辆质量到售后服务，每个环节都关系到安全与体验。但现实中，车主常常 会遇到各种问题：新车异响、油耗异常、灯光故障、轮胎质量存疑、仪表系统报错；售后中心排队长、 维修拖延；质保范围说法模糊；甚至出现强制消费、金融服务费不透明等情况。一旦车辆出现问题或售 后处理不当，车主往往会陷入"不知道去哪维权"的困境。事实上，汽车维权有一套清晰的路径，只要掌 握方法，大多数问题都能得到回应。 1. 首先，遇到质量或使用问题，要第一时间联系购车的 4S 店或品牌售后中心。 品牌售后是最了解车型和故障情况的渠道，通常会安排检测、维修或更换零件。对于新车出现的轻微装 配瑕疵或电子故障，售后往往可以直接现场处理；如果涉及结构性问题，比如发动机异常抖动、转向系 统异响、制动系统问题，则需要做进一步检测并出具维修工单。车主应保存好维修记录、检测报告和沟 通证据，这是后续维权的关键依据。 2. 如果 4S 店推诿扯皮、久拖不处理，或售后结论明显与事实不符，可以进一步通过汽车品牌总部 投诉。 3. 除了品牌层级，车主还可以借助官方监管渠道维权。 全国 12315 平台是最权威的消费投诉 【下载黑猫投诉客户端】系统，适 ...

Core Viewpoint - The article emphasizes that owning a car is just the beginning, and the real challenges often arise during its use, particularly regarding maintenance and after-sales service [1]. Group 1: Common Maintenance Issues - Common maintenance problems include component failures such as brake noise, air conditioning issues, engine vibrations, and door noises [4]. - Electronic system problems like central control malfunctions, backup camera failures, and sensor issues are also prevalent [4]. - New car quality defects can manifest immediately, including paint peeling, water leakage, and poor assembly [4]. - Inadequate after-sales service can lead to additional charges during warranty periods, delays in repairs, and unsatisfactory service attitudes [4][5]. Group 2: Initial Steps for Problem Resolution - When issues arise, the first step is to contact the purchasing 4S dealership or the brand's after-sales service center [6]. - Authorized 4S dealerships have dedicated after-sales service hotlines that can provide inspection and handling based on the vehicle's maintenance records [7]. - If dissatisfied with the repair results, customers can request a re-inspection or escalate the issue to the brand's headquarters for complaints [8][9]. Group 3: Complaints to Regulatory Authorities - If a 4S dealership fails to address issues, customers can file complaints with regulatory bodies [10]. - The National 12315 platform, managed by the State Administration for Market Regulation, handles complaints related to sales fraud, false advertising, contract disputes, and service quality [11]. - Complaints can be submitted via phone, app, or WeChat mini-program, and they will be assigned to local market regulation departments with administrative authority [12][13]. - For safety hazards or quality defects, customers can report to the National Market Supervision Administration's defect product recall technical center [14][15]. - Issues related to loans, insurance sales, or refund difficulties can be reported to the China Banking and Insurance Regulatory Commission [16]. Group 4: Social Complaint Platforms - Consumers can also utilize social complaint platforms like Black Cat Complaints, which is operated by Sina [17]. - This platform allows users to submit complaints through various channels by providing details about the car brand or 4S dealership, along with supporting documents [18]. - The transparency and quick feedback of Black Cat Complaints encourage companies to expedite their responses to maintain brand reputation [19]. - The platform publishes monthly "red and black lists" of companies, helping consumers identify brands with good or poor after-sales service [20]. Group 5: Consumer Associations and Legal Actions - If issues remain unresolved after multiple communications, consumers can seek mediation from consumer associations [21]. - Consumer associations facilitate communication between parties, suitable for minor disputes and service issues [22]. - For serious problems, such as refusal to fulfill contracts or causing property damage, legal action can be pursued [23]. - Although legal processes may take longer, they provide the strongest enforcement in contract and quality disputes [24]. Conclusion - The article concludes that post-purchase issues do not necessarily indicate bad luck; knowing whom to approach for resolution is crucial [24]. - Official platforms are authoritative, Black Cat Complaints is efficient and transparent, consumer associations offer flexible mediation, and legal avenues provide the most security [25]. - Keeping records of repairs, contracts, receipts, and communication evidence can help resolve most issues effectively [26].

Core Insights - Honda reported earnings of 60 cents per share for Q2 of fiscal 2026, missing the Zacks Consensus Estimate of 62 cents, but up from 43 cents in the same quarter last year [1] - Quarterly revenues were $35.9 billion, below the Zacks Consensus Estimate of $37.1 billion and down from $36.2 billion year-over-year [1] Segment Performance - The Automobile segment's revenues decreased by 4.6% year-over-year to ¥3.46 trillion ($23.3 billion), with an operating loss of ¥43.4 billion ($292.4 million) compared to an operating income of ¥35.2 billion in the same quarter last year [2] - Motorcycle segment revenues increased by 11% year-over-year to ¥969 billion ($6.53 billion), with an operating profit of ¥179.3 billion ($1.21 billion), up 21% year-over-year [3] - Financial Services segment revenues totaled ¥846.2 billion ($5.7 billion), down 3.3% year-over-year, with an operating profit of ¥58.2 billion ($392 million), down 25% year-over-year [3] - Power Products and Other Businesses generated revenues of ¥100.3 billion ($675 million), up 2% year-over-year, with a narrowed operating loss of ¥78 million compared to ¥3.2 billion in the same period last year [4] Financial Overview and Outlook - As of September 30, 2025, consolidated cash and cash equivalents were ¥4.64 trillion ($31.2 billion), and long-term debt was approximately ¥8.13 trillion ($54.7 billion) [5] - For fiscal 2026, Honda projects consolidated sales volumes of 14.25 million units for Motorcycles, 2.64 million units for Automobiles, and 3.67 million units for Power Products, indicating a 4.1% growth in Motorcycles but declines of 7% and 0.8% in Automobiles and Power Products, respectively [6] - Honda forecasts fiscal 2026 revenues of ¥20.7 trillion, a decline of 4.6% year-over-year, with an operating profit of ¥550 billion, indicating a contraction of 54.7% year-over-year, and a pretax profit forecast of ¥590 billion, suggesting a drop of 55.2% year-over-year [7] Market Position - Honda currently holds a Zacks Rank of 3 (Hold) [8] - Competitors with better rankings include General Motors Company (Rank 1), OPENLANE, Inc. (Rank 1), and Garrett Motion Inc. (Rank 1) [8]

Core Insights - China's automobile exports reached 666,000 units in October, marking a month-on-month increase of 2.1% and a year-on-year increase of 22.9%, maintaining a level above 600,000 units for three consecutive months [1] - Cumulatively, from January to October, exports totaled 5.616 million units, reflecting a year-on-year growth of 15.7%, indicating a robust growth trend in China's automobile exports [1] Group 1: New Energy Vehicles (NEVs) - The export performance of new energy vehicles is particularly noteworthy, with 256,000 units exported in October, representing a month-on-month increase of 15.4% and a significant year-on-year increase of 99.9% [3] - From January to October, cumulative exports of new energy vehicles surpassed 2 million units for the first time, reaching 2.014 million units, which is a year-on-year increase of 90.4%, becoming a key driver of overall automobile export growth [3] Group 2: Traditional Fuel Vehicles - In contrast, exports of traditional fuel vehicles showed a decline, with cumulative exports from January to October totaling 3.601 million units, down 5.1% year-on-year, indicating a global shift towards new energy vehicles [4] - Overall, the scale of China's automobile exports continues to expand, with an ongoing optimization of the export structure, highlighting the increasing competitiveness and influence of China in the global automotive industry [4]

Core Points - The article emphasizes the importance of proper channels for consumers to protect their rights when purchasing a vehicle, highlighting common issues faced during the car buying process [1] Common Car Buying Issues - Common complaints in the car sales process include vehicle quality issues such as unusual noises, oil leaks, electrical system failures, and rapid aging of parts [2] - Sales tactics often involve forced add-ons, demands for "financial service fees," and discrepancies between advertised and actual prices [2] - Poor after-sales service is characterized by delayed repairs, inflated parts prices, and refusal to honor warranties [2] - Financial and insurance disputes arise from inconsistent loan rates, forced insurance purchases, and difficulties in policy cancellation [2] - It is crucial for consumers to retain evidence such as purchase contracts, payment receipts, chat records, and repair documents for future complaints [2] Steps for Complaining - The first step for consumers is to contact the 4S dealership or brand customer service upon discovering an issue [4] - Official customer service hotlines or WeChat accounts are available for consumers to register their complaints and track follow-ups [3] Official Complaint Channels - The national 12315 platform, overseen by the State Administration for Market Regulation, serves as an official complaint channel for issues like sales fraud, contract breaches, price disputes, and poor service [5] - Complaints can be submitted via phone, the "12315" app, or WeChat mini-program [6] - The system automatically forwards complaints to the market supervision department in the enterprise's location, ensuring a formal and authoritative process, although it may take several days to a week for resolution [7][8] Industry Oversight and Specialized Departments - For issues related to vehicle quality defects or safety hazards, consumers can report to the National Market Supervision Administration's Defective Product Recall Technical Center [9][10] - If problems are widespread or pose safety risks, regulatory authorities may require companies to improve or recall products [11] - Complaints related to loans and insurance can be directed to the China Banking and Insurance Regulatory Commission [12] Social Complaint Platforms - Consumers can also utilize social complaint platforms like "Black Cat Complaints," which is widely used and allows for complaints through various channels [13][14] - The platform enables users to search for the company or dealership, describe their issues, and upload evidence, with responses and progress visible to the public [14] - The public nature of complaints often prompts quicker responses from companies to maintain their brand reputation [14] Consumer Associations and Legal Avenues - If a company fails to respond or address issues, consumers can seek mediation from consumer associations, which is suitable for smaller disputes [15][16] - For cases involving fraud, malicious charges, or severe quality issues, legal action may be pursued, although it can be time-consuming [17][18] Summary - Effective consumer rights protection in car buying involves selecting the right channels, preserving evidence, and following a structured approach: communication with the 4S dealership → 12315 or Black Cat Complaints → Defective Product Recall Center → Consumer Association or legal action [19] - Official platforms are the most authoritative, while Black Cat Complaints offers transparency, consumer associations provide flexible mediation, and legal avenues offer the strongest enforcement [20] - By advocating for their rights, consumers can encourage companies to prioritize service quality and enhance their purchasing experience [21]

Core Viewpoint - The article discusses the recent poor performance of certain stocks, highlighting the need for investors to discern between genuine buying opportunities and potential pitfalls in the market [1]. Group 1: Stocks to Sell - **FactSet (FDS)**: The stock has seen a one-month return of -5.7% and is currently trading at $261.06 per share, with a forward P/E ratio of 14.6x [2][3]. - **Kemper (KMPR)**: This stock has experienced a significant one-month return of -26.8%, trading at $36.43 per share with a forward P/B ratio of 0.8x [4][6]. Group 2: Stock to Watch - **Broadridge (BR)**: The stock has a one-month return of -7.3%. It has shown muted annual revenue growth of 5.5% over the last two years, with earnings growth lagging behind peers at an annual increase of 8.1% [7][8]. - Broadridge processes over $10 trillion in trades daily and manages proxy voting for over 800 million equity positions, providing technology-driven solutions for financial institutions [9]. - The company stands out due to its unique value proposition, achieving above-market annual sales growth of 8.9% over the last five years, an increase in free cash flow margin by 8.6 percentage points, and rising returns on capital [10].

Core Insights - The article discusses the increasing trend of automotive consumer disputes alongside the growth in vehicle ownership, highlighting various types of issues consumers may face during the purchase and use of vehicles [1][6] - It emphasizes the importance of understanding the correct complaint channels to effectively protect consumer rights when faced with grievances [1][6] Common Types of Automotive Consumer Disputes - Issues range from new car quality problems, after-sales service disputes, sales contract traps, to maintenance and repair controversies [1] - The first step for consumers is to communicate directly with the dealership or 4S store, as they bear direct responsibility for new car quality issues according to the "Automobile Three Guarantees" regulations [1][2] Complaint Channels - If the dealership cannot resolve the issue, consumers can escalate complaints to the vehicle manufacturer, which typically has a dedicated customer relations department [1][2] - Administrative regulatory channels, such as market supervision departments, are crucial when issues remain unresolved at the dealer or manufacturer level [1][3] Third-Party Complaint Platforms - Platforms like Black Cat Complaints provide unique value in the automotive complaint sector, addressing issues such as new car quality problems, sales-related issues, after-sales service disputes, and specific concerns related to used and new energy vehicles [2][4] Strategies for Choosing Complaint Channels - Different strategies are recommended based on the nature of the problem, such as prioritizing complaints through the 12315 platform for major quality issues and utilizing third-party platforms for faster responses [4][5] Practical Tips for Effective Complaints - Collecting professional evidence, clearly stating demands, and timing complaints appropriately are essential for enhancing the effectiveness of the complaint process [4][5][6] - Consumers are advised to understand their rights under the "Automobile Three Guarantees" regulations and avoid excessive claims that may hinder resolution [6][7] Preventive Measures - The article suggests proactive measures during the vehicle purchasing process, such as checking complaint records of potential models and carefully reviewing contract terms [7]

Core Insights - Rivian Automotive, Inc. (RIVN) is expected to report its third-quarter 2025 results on November 4, with a consensus estimate of a loss per share of 72 cents and revenues of $1.46 billion, indicating a year-over-year revenue growth of 66.6% [1][2][8] Financial Performance - The consensus estimate for Rivian's loss has narrowed by a penny in the past 30 days, suggesting improved expectations [1] - In Q2 2025, Rivian reported an adjusted loss per share of 80 cents, which was wider than the consensus estimate of 65 cents but narrower than the loss of $1.21 from the previous year [2] - Rivian's net sales in Q2 2025 reached $1.3 billion, exceeding the consensus estimate of $1.26 billion, and reflecting a 12.5% increase year-over-year [2] Vehicle Deliveries and Revenue Growth - In Q3 2025, Rivian delivered 13,201 vehicles, an increase from 10,018 units in the same quarter of 2024 [3] - The company's software and services revenues surged by 347% year-over-year to $376 million in Q2 2025, largely due to a joint venture with Volkswagen AG, which is expected to contribute to revenue growth in the coming years [3][4] Operating Expenses and Margins - Total operating expenses in Q2 2025 decreased to $908 million from $924 million in the same period last year, primarily due to reduced research and development expenses, a trend likely to continue in Q3 [4] Earnings Expectations - Rivian has a positive Earnings ESP of +10.44%, indicating a higher Most Accurate Estimate compared to the consensus, which increases the likelihood of an earnings beat [5][6] - The company currently holds a Zacks Rank of 3, suggesting a hold position [6]

Core Insights - Changan Automobile reported a revenue of 42.236 billion yuan for Q3 2025, representing a year-on-year growth of 23.36% [1] - The net profit attributable to shareholders was 0.764 billion yuan, an increase of 2.13% year-on-year [1] - The company achieved a total revenue of 114.927 billion yuan for the first three quarters, with a year-on-year growth of 3.58% [1] Financial Performance - In Q3 2025, the net profit after deducting non-recurring items was 0.542 billion yuan, reflecting a growth of 5.77% [1] - For the first three quarters, the net profit attributable to shareholders decreased by 14.66% to 3.055 billion yuan [1] - The net profit after deducting non-recurring items for the same period increased by 20.08% to 2.018 billion yuan [1] Sales and Market Position - Changan Automobile sold 2.066 million vehicles from January to September, marking an 8.46% increase year-on-year [1] - The sales of its own brand vehicles reached 1.750 million units, up 10.47% year-on-year [1] - The sales of new energy vehicles surged to 724,249 units, representing a significant growth of 59.72% year-on-year [1] Strategic Direction - The company is navigating a complex external environment and changing industry landscape by implementing its "Third Entrepreneurship - Innovation and Entrepreneurship Plan" [1] - Changan Automobile is focused on steady progress while actively seizing strategic opportunities and accelerating transformation [1]