liverouletteonlinecasino| BOCOM International: Passenger car retail sales in April were dragged down by wait-and-see sentiment and are expected to improve in May

Bank of Communications International released a research report saying that in April 2024, due to price wars,liverouletteonlinecasinoAffected by consumer wait-and-see sentiment, passenger car retail sales fell by 5% year-on-year/month-on-monthliverouletteonlinecasino.7%/9.4% to 1.532 million vehicles. In April, retail sales of new energy vehicles recorded 674,000 units (year-on-year +28.3%), and the penetration rate increased by 1.7 percentage points month-on-month to 44%.

The bank expects that the hot convening of the Beijing Auto Show in late April and the government's favorable car trade-in policy will release some demand for car purchases. With the active promotion of major car companies, order data during the May Day period are relatively satisfactory. If the trend of recovery can continue, the bank expects sales in May to improve month-on-month. Although factors such as April sales data and U.S. tariff increases have a short-term impact on the industry, the bank believes that the impact of U.S. tariffs is limited, and the improvement in May sales data is expected to drive the sector to usher in a new wave of rising opportunities.

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