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  20-08-2018 (星期一) 車市總體趨淡下,結構分化持續
  30-07-2018 (星期一) 內房板塊重新估值,關注優質財務狀況及地儲企業
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  03-07-2018 (星期二) 航空業價升量緩的模式將持續
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點評:我們認為今年車市的放緩主要原因在於:去年購置稅優惠政策退出導致去年基數過大,以及中美貿易戰烏雲籠罩下,消費者信心受到經濟轉弱預期的打擊等因素。不過年銷兩千多萬輛汽車的龐大市場中,仍有一些細分子行業強于平均,具體到車企層面,結構性分化的趨勢亦更分明。分子行業來看,7月乘用車銷量為159萬輛,同比下降5.9%。其中,轎車增長4.6%;SUV 7.3%;MPV下降13.8%;交叉型乘用車下降21.4%。商用車方面,整體按年增長3.3%。其中重卡下降17.2%和中卡下降40.5%,微卡增長60.3%,輕卡增長10.9%。


撰稿: 章晶研究分析員
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