On May 28, 2012, according to foreign media reports, the government plans to introduce policies to stimulate the development of the auto industry. The new round of replacement vehicles and vehicles to the countryside are expected to be introduced soon. The second-round auto consumption stimulus policy is reasonable, and it is expected that light trucks and micro-customers will become the biggest benefit of this round of stimulus policies.

UBS UBS Research reported on the 29th that the introduction of the second round of automobile consumption stimulus policy at the current time is reasonable: 1. Various economic data in April this year showed that the macro economy is experiencing a decline, and the automobile as a self-production value exceeds RMB 3 trillion. In industries where the upstream and downstream industries have a significant pull effect, the above policies will play an important role in stimulating domestic demand and stabilizing growth. 2. It is the automobile trade-in policy that will mainly replace existing stocks and will not increase urban car ownership. The impact of traffic congestion and pollution is relatively small, which is consistent with the development of the automotive industry in China in recent years. 3, The automobile-to-township policy will play an important role in expanding the rural automobile market, facilitating travel, and developing the rural economy. Since the economic development policy for rural areas.

According to the report, the current round of stimulus policies is more focused on: 1. Small-displacement and energy-saving models; 2. Rural areas with low vehicle penetration. Therefore, light trucks and micro-customers will be the biggest areas of benefit from this round of stimulus policies. The former is mainly used for rural short-distance freight logistics, while the latter is mostly low-price, small-displacement models and is mainly used for rural and some urban passenger transport logistics.

The research report predicts that the light truck and micro-business industries will benefit.

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