China Specialist, Auto and Industrial Specialist

Victoria Li

20 years experience as sell side analyst focusing on China's Industrial and Auto sectors

Actually - China SAAR YTD Looks Stronger than It Did in Jan-May 2016

Thematic (Sector/Industry)

China Automobiles and components / Thematic (Sector/Industry)

The hangover of the 2015-16 purchase tax rebate for vehicles &lt;1.6L and the subsequent 16%y/y growth in sales in China autos is still reverberating through 2017.  In April passenger car production (-3%y/y, -19%m/m) and sales (-4%y/y, -18%m/m) had the first y/y decline since September 2015. We are anticipating a y/y decline in automotive production in China in 2017 as laid out in our outlook piece for 2017 (China Auto 2017 - Hangover time). There have been plenty of credible arguments why sales…

The hangover of the 2015-16 purchase tax rebate for vehicles &lt;1.6L and the subsequent 16%y/y growth in sales in China autos is still reverberating through 2017.  In April passenger car production (-3%y/y, -19%m/m) and sales (-4%y/y, -18%m/m) had the first y/y decline since September 2015. We are anticipating a y/y decline in automotive production in China in 2017 as laid out in our outlook piece for 2017 (China Auto 2017 - Hangover time). There have been plenty of credible arguments why sales…

China Auto - First Decline in Auto Production in 19 Months, Only a First Step Towards Normalisation