0853 GMT - Retail sales volume of Chinese automobiles is expected to drop by 5% in 2025 compared to the previous year, according to Bernstein analysts in a note. They attribute this to demand being brought forward by China's revamped trade-in policy and local government subsidies. China faces a challenging macroeconomic outlook and weak consumer confidence, the analysts also note, adding that exports of Chinese cars, however, are expected to remain a growth driver. With relatively lean inventory levels, industry wholesale volumes may grow by 1%, reaching around 27.5 million units this year, Bernstein adds. The brokerage maintains a cautious outlook on China's auto sector and names BYD and Li Auto as their most preferred within the sector, with outperform ratings. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 19, 2025 03:53 ET (08:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。