境内分析报告

• 汽车竞争情报-第456期
  报告从行业事件分析、市场环境、政策环境、分类环境、区域环境、国内对手情报、国外对手动向以及相关行业数据方面对汽车行业进行了分析评论。
• 汽车行业：保有量的投资机会－2013年中期策略
  中国汽车市场已进入低增长区间，高增长不可持续。车市有所回暖，但不可预期过高。关注汽车保有量的投资机会。投资策略及重点公司分析。
• 中国汽车零部件制造行业报告（2012-2016年）
  Auto parts are widely used in automobiles and can be categorized into original equipment and aftermarket components. Original equipment is used when manufacturing or assembling automobiles. The auto parts used by manufacturers in their service centers are also categorized as original equipment. Aftermarket components can be categorized into accessories and replacement components. Replacement components are used to replace damaged or worn out original equipment; accessories are specifically designed to enhance the comfort, security, and performance of the vehicle.The Auto Parts Manufacturing industry in China is growing steadily. The production of auto parts has recently gained momentum and their demand is expected to increase during the forecast period. The market is dominated by East China, followed by Middle South China and North China.The market is expected to grow at a CAGR of 14.98 percent during the period 2012-2016.
• 汽车行业：6月零售仍强劲，7月有望15%增长－6月产销数据解析及行业展望电话交流会议纪要
  符合市场预期，零售好于批发。促销力度略有上升。厂家减库存，经销商增库存。高低端严重分化。厂商分化继续显现。7月预计增长15%。SUV市场还有空间。
• 乘用车行业：销量增速继续放缓，库存维持高位，保持谨慎
  6月份狭义乘用车行业销量增速继续放缓。经销商库存维持在接近2个月的高位。终端零售价格仍然呈现普跌。行业观点继续保持谨慎 相对看好业绩仍能保持高速增长的公司
• 汽车及零部件行业：车价季节性回落，降幅略好于往年－6月份乘用车价格监测报告
  6月车价季节性回落0.1个百分点，SUV价格坚挺，进口车优惠幅度收窄。美系车优惠幅度收窄，日韩系略有扩大。奔驰优惠幅度创历史新高，途观再现加价情形。
• 中国轮胎市场报告（2012-2016年）
  Tires, the integral component of automobiles, are manufactured using raw materials such as natural rubber, nylon tire cord fabric, and carbon black. Rubber chemicals and synthetic rubbers, such as styrene butadiene rubber and poly butadiene rubber, are also used in the manufacture of tires. The Tire market in China caters to various vehicle segments such as Two Wheeler, Passenger Car, Truck and Bus, Light Commercial Vehicle, and Tractor segments. The demand for tires and automobiles are interdependent. Various types of tires, such as cross ply or bias tires and radial tires, are manufactured in China.The Tire market in China is growing steadily. The production of auto parts has recently gained momentum and the demand for tires is expected to increase during the forecast period. The market is dominated by East China, followed by Middle South China and North East China. The Tire market is expected to grow at a CAGR of 11.31 percent during the period 2012-2016.
• 长城汽车（601633）：销量增速放缓,产品结构优化
  销量增速有所放缓，产品结构持续优化。SUV销量增速放缓 哈弗M4持续放量。轿车销量同比增速提升皮卡销量平稳增长。公司发布2013年6月销量数据：6月销量5.7万辆，同比增长24.4%，环比下滑6.6%；累计前6月销量36.8万辆，同比增长40.5%，基本符合预期。
• 中国汽车车身和拖车制造行业报告(2012-2016年)
  Over the last few years, the Automotive industry in China has witnessed slow but steady growth in sales of automobiles. The increasing number of vehicles in the country has led to a gradual increase in the demand for automobile bodies and trailers. The Automobile Body and Trailer Manufacturing industry in China is primarily involved in the manufacture of three products: vehicle bodies, trailers, and parts for vehicle bodies and trailers.The Automobile Body and Trailer Manufacturing industry in China is growing steadily. The production of automobile bodies and trailers has recently gained momentum, and the demand for them in the industry is expected to increase during the forecast period. The industry is dominated by East China, which is followed by Middle South China and North China. The overall industry is expected to grow at a CAGR of 13.8 percent during the period 2012–2016.
• 汽车行业：机遇和挑战并存，自主品牌谁将胜出？－专题报告
  过去近十年，我国自主品牌在销量规模和技术储备等方面取得较快发展；但产品主要集中在中低端市场，并日益面临合资品牌产品、价格下探的挑战。盈利方面，目前自主品牌内部呈现“民企强、国企弱”的分化局面。在民营体制下涌现出一批自主品牌，其中部分企业经过多年的市场历练，销量和盈利已初具规模；我们认为，它们在未来的竞争角逐中更有望脱颖而出，成为中国的“现代汽车”。具体而言，我们看好长城和吉利的自主发展之路。对于上汽和长安，虽然两者自主品牌业务尚不能贡献盈利，但由于旗下合资品牌雄厚的实力基础，未来业绩增长具有一定保证。A 股推荐长城汽车、上汽集团、长安汽车；H 股推荐长城汽车、吉利汽车。