Industry Review: Sales in the first five months have exceeded expectations and the structural recovery has been outstanding. The distribution of production and sales volume in the first five months of last year increased by 11% and 14% year-on-year, making it one of the few leaders in economic recovery. Under the dual continuous improvement of demand and cost, the industry's profitability bottomed out in the first quarter, and it is expected to increase year-on-year in the third quarter. Overall outlook: Terminal consumption shifts, and high boom persists. In the short term, the opening up of auto demand in the central and western regions will continue to drive structural growth. In the medium term, the industry’s endogenous growth will have a solid foundation and the boom can continue. Passenger car: The new pattern of industrial adjustment, independent brands have great hopes. In the second half of the year, the growth rate is unabated, and it is expected to achieve a total sales of 8.3 million units in the year, a year-on-year increase of 23%, of which the growth rate of cars is 22%, and the mid-to-high-end auto market is expected to recover; the global auto industry structure is shifting towards a multi-polarity trend, and self-owned brands are welcoming. To accelerate the growth of good times. Commercial Vehicles: Heavy trucks are on the verge of recovery and buses wait for the dawn. The consumption environment of the heavy truck industry in the second half of the year was significantly better than that of the first half of the year, and it is expected to increase by 24% in the second half of the year. The worst time in the passenger car industry has passed and the bad situation is expected to change significantly in 2010. Parts and components: uneven happiness and crisis. Under the backdrop of the sluggish overseas market and the structural growth of the domestic market, the industry is suffering from injustice; the survival of the fittest will inevitably increase in the future, and companies with technological, scale, and advanced management capabilities are expected to emerge. Investment strategy for the second half of the year: The preferred heavy truck leader, continue to focus on integration. The current industry's overall valuation level has fully contained optimistic expectations for the future. In the sub-industry, the truck industry, which has a relatively low valuation and a relatively flexible performance space, is the preferred heavy truck industry leader. Also continue to pay attention to the investment opportunities contained in the industry integration. Steel Pipe Nipples Steel Pipe Nipples,Black Pipe Nipples,Galvanized Steel Pipe Nipples,Carbon Steel Pipe Nipple CangxianTiancheng Pipe Fittings Co., Ltd. , http://www.tianchengfittings.com
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