Dongfeng (0489) announced earlier that it sold about 171,000 vehicles in August, of which passenger cars reached 142,000, but it fell slightly by 0.2% from July.
Analyst: Brilliance grade is high
Geely's president, An Conghui, pointed out that in July, the traditional car sales season was off-season, while in August most of the brands' sales increased, and September would be even better.
Under this circumstance, the sales volume of Geely Automobile is also increasing month by month, but the company still carries out propaganda according to the plan at the beginning of the year, and the annual sales target is maintained at 460,000 units. Some foreign bank analysts pointed out that the most benefiting of Hong Kong auto stocks should be Brilliance. “The consumers of Japanese cars are unlikely to transfer to national brands, but they are more optimistic about the similarity of Brilliance.â€
Brilliance shares rose 3.5% to 8.1 yuan yesterday. The analyst believes that the sales volume of passenger cars in Dongfeng in August fell month by month, mainly due to destocking rather than anti-Japanese events, and that some models have been reduced by 15 to 20%. It is believed that further deduction will be made for destocking, and sales will gradually stabilize. .
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