According to the statistics of China Association of Automobile Industry, in March, the auto production and sales completed 1,827,300 vehicles and 1,829,500 vehicles, respectively, an increase of 44.99% and 44.32% compared with the previous period; they respectively increased by 5.34% and 5.36% respectively. In the first quarter, automobile production and sales completed 4,895,800 vehicles and 4,983,800 vehicles, respectively, an increase of 7.48% and 8.08% respectively.
Haitong Securities commented on the data and said that in March, auto sales growth was only 5.36%, slightly lower than the agency’s previous expectations, due to the preferential taxation policies for purchases, the withdrawal of cars to the countryside and the trade-in policy, and the impact of high oil prices. .
Looking ahead to April, subject to rising inflationary pressures, the growth of auto sales in April may still be lower than 10%, but considering that the current mainstream auto companies' PE level in 2011 is about 11 times, Haitong Securities maintains an increase in the industry. Rating.
Haitong Securities commented on the data and said that in March, auto sales growth was only 5.36%, slightly lower than the agency’s previous expectations, due to the preferential taxation policies for purchases, the withdrawal of cars to the countryside and the trade-in policy, and the impact of high oil prices. .
Looking ahead to April, subject to rising inflationary pressures, the growth of auto sales in April may still be lower than 10%, but considering that the current mainstream auto companies' PE level in 2011 is about 11 times, Haitong Securities maintains an increase in the industry. Rating.
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