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Citic Construction InvestmentNbajamgameThe introduction of auto trade-in rules is expected to further stimulate the domestic demand of automobiles, securities times e company newsNbajamgameCitic Construction Investment Securities Research News believes that, different from previous rounds of purchase tax relief policies, this automobile trade-in rules are mainly aimed at the potential purchase needs of long-age stock users.Nbajamgame.Nbajamgame..
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Citic Construction Investment: the introduction of automobile trade-in rules is expected to further stimulate the domestic demand of automobiles. Citic Construction Investment Securities Research News believes that unlike previous rounds of purchase tax relief policies, this car trade-in rules are mainly aimed at the potential purchase demand of long-age stock users, and the market is generally concerned about the number of qualified models. Subsidies will also significantly improve the conversion rate of purchasing new cars (without policy, a large number of scrapped cars will flow to buy used cars or not), and the final pulling effect may exceed expectations, and the estimated demand for new cars is expected to reach 2.58 million. Reviewing the 2022 purchase tax relief policy, although the stock price reacted in advance before the policy, the vehicle continued to rise after the sales data were positively verified, and the excess return peaked in August. The spare parts market lags behind the whole vehicle and starts to start in July. As a whole, the whole vehicle and spare parts all show obvious excess profits. With reference to the previous round, it is recommended that the investment rhythm be followed by the whole vehicle and then the parts.
