文|李湉漪 尹欣驰 董军韬9月重卡批发销量10.2万台(同比+77%,环比+11%),同比增幅创年度最高,2025Q3同比增速达56%超市场预期。我们认为从中期维度来看,一是出口依然为重卡整车厂的重要盈利来源,其增长势头依然,因此我们认为重卡销量的高增将切实反馈到重卡企业的利润增长上;二是明年的三个重要国标政策的推广将伴随着行业置换政策的加强;三是天然气重卡周期的相对底部,一旦向上则有望带来...
Source Link文|李湉漪 尹欣驰 董军韬9月重卡批发销量10.2万台(同比+77%,环比+11%),同比增幅创年度最高,2025Q3同比增速达56%超市场预期。我们认为从中期维度来看,一是出口依然为重卡整车厂的重要盈利来源,其增长势头依然,因此我们认为重卡销量的高增将切实反馈到重卡企业的利润增长上;二是明年的三个重要国标政策的推广将伴随着行业置换政策的加强;三是天然气重卡周期的相对底部,一旦向上则有望带来...
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