Throughout much of the world, auto market prospects appear sluggish. In the US, auto sales are moving back to normalised replacement demand levels, implying slowing growth. In Europe, sales are being held back by a choppy economic recovery. China, in our view, presents a different story. Despite near-term concerns about the country’s slowing GDP growth and slipping consumer confidence, we are bullish on the long-term growth prospects of Chinese autos.
在世界大部分地區，汽車市場的成長前景似乎都很不妙。在美國，汽車銷售開始迴歸正常化的更換需求水準，這意味著成長放緩。在歐洲，經濟復甦的斷斷續續妨礙了銷售成長。我們認爲，中國市場的格局有所不同。儘管近期該國國內生產毛額(GDP)成長放緩和消費者信心下滑引起擔憂，但我們仍看好中國汽車銷售的長期成長前景。
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