According to the data from the Auto Group, in August, the number of auto sales was 1,322.3 thousand, which was an increase of 6.3% from the previous quarter and a year-on-year increase of 16.1%. Among them, 1,109,900 were sold by passenger cars, which represented an increase of 7.7% from the previous quarter and an increase of 18.72% year-on-year; commercial vehicle sales were 303,300, an increase of 1.83% compared with the previous quarter and an increase of 8.24% year-on-year. From January to August, the sales of motor vehicles reached 11.5826 million, an increase of 39.0% year-on-year; among them, sales of passenger cars were 8,866.1 thousand, an increase of 39.5% year-on-year; sales of commercial vehicles were 2,869,500, an increase of 37.6% year-on-year.
In August, the sales data of China National Automobile Research Institute was close to that of the Auto Industry Association. The production and sales of self-owned brands and Japanese and Korean cars, which had serious stocks, began to increase. This shows that the current stocks are basically at a reasonable level, and automobile production and sales have entered a normal track. Due to the base problem, the growth rate of automobile production and sales may fluctuate significantly within the next year, but the absolute value of production and sales will return to normal growth.
The market has already fully reflected the warming of sales data. Under the assumption that automobile production and sales return to normal track, the investment in the automotive industry needs to grasp the subtle changes in the industry. With the continuous improvement of energy-saving subsidies and emission standards, the advantages of joint ventures It will be further consolidated, and manufacturers who are committed to emissions equipment will benefit significantly. The recommended combination is Weifu Hi-Tech, Jiangling Auto, Shanghai Auto, and Huayu Auto.
