Cui Dongshu: In September, the consumer spending on autos was 453.9 billion yuan, a year-on-year increase of 0.4%.

On October 18th, Cui Dongshu stated in a post that according to data from the National Bureau of Statistics, in September, the total retail sales of consumer goods were 4.112.2 billion yuan, a year-on-year increase of 3.2%, with the growth rate accelerating by 1.1 percentage points compared to the previous month. Among them, auto consumption was 453.9 billion yuan, an increase of 0.4% year-on-year, while non-auto consumer goods retail sales reached 3.657.3 billion yuan, up 3.6%.

Zhitong FinanceOct 18 06:41 ET

Special report | Auto stocks rose in the afternoon, with October performance expected to remain strong.

On October 18th, $Autos (LIST1040.HK)$ rose in the afternoon. As of the time of publication, $Guangzhou Automobile Group (02238.HK)$ increased by 7.09%, to 2.72 Hong Kong dollars; $BYD Company (01211.HK)$ increased by 6.95%, to 289.4 Hong Kong dollars; $Geely Auto (00175.HK)$ increased by 6.34%, to 12.74 Hong Kong dollars; $li auto inc-W (02015.HK)$ rose by 6.11%, to 99.9 Hong Kong dollars; $leapmotor (09863.HK)$ rose by 5.58%, to 3

Zhitong FinanceOct 18 02:41 ET

"Trade-in for New" subsidies boost the electric vehicle market, some car owners purchase orders from scalpers to enjoy discounts. | Frontline

1. Due to the application deadline for the national subsidy for trading in old for new, popular car models, consumers choose to purchase delivery orders nearing deadline. 2. In addition to the national subsidy, various regions also have overlapping application "consumer vouchers", some stores are considering issuing cross-regional invoices to help consumers enjoy discounts on car purchases.

cls.cnOct 17 09:28 ET

One after another launched cheap electric car models, european car manufacturers started a "counterattack".

At this week's Paris Motor Show, European auto giants such as Renault and its subsidiaries Dacia, Stellantis, etc., have successively launched affordable electric car models. Both Renault's Twingo E-Tech model and Dacia's Spring model are priced below 0.02 million euros.

wallstreetcnOct 17 07:33 ET

Cui Dongshu: In September, the passenger vehicle market showed a rapid growth trend, with a significant "Golden September" effect.

On October 17th, Cui Dongshu released an analysis of the September autos sub-market trends and manufacturers' competitive performance.

Zhitong FinanceOct 17 06:23 ET

China Association of Automobile Manufacturers: In September, auto exports were 0.539 million vehicles, a month-on-month increase of 5.4% and a year-on-year increase of 21.4%.

From January to September 2024, the export of autos was 4.312 million vehicles, an increase of 27.3% year-on-year.

Zhitong FinanceOct 17 03:59 ET