Cui Dongshu: Maintaining growth is not enough to rely solely on trade-in incentives. Tax incentives for car purchases are needed to stimulate first-time buyers to purchase cars.

Currently, the good effects of the trade-in policy bring a strong year-end momentum. However, this rush will lead to greater pressure on consumer activity in early 2025. Therefore, in early 2025, a strong counterforce is needed to offset the pressure of a weaker consumer year. Thus, relying solely on trade-in for stable growth in 2025 is insufficient; tax benefits on vehicle purchases are necessary to encourage first-time buyers to purchase vehicles.

Zhitong Finance00:39 ET

European Car Sales Flat in October, EVs Gain Ground, ACEA Says

The Edge Markets23:14 ET

China's Passenger Car Sales Jump 11% in October

MT Newswires22:47 ET

Citigroup: Upgraded the rating of Dongfeng Group (00489) to 'buy', with a target price raised to HK$6.

Citi has raised its annual sales forecast from this year to 2026 by 4% to 5%, respectively to 1.88 million, 1.8 million, and 1.76 million vehicles.

Zhitong Finance21:51 ET

Retail Sales Of Cars In China Rose 11.3% In October

Business TodayNov 21 10:09 ET

MHERO I Made Debut in Dubai, Bringing Fresh Surge of Off-Road Capability in the Middle East Market

BusinesswireNov 21 09:08 ET