【BCG】Shifting to an Automotive Direct-Sales Model.pdf

China Auto Sector–Strong 4Q23 sales mixed with rising competition

4Q preview: cFX/reported sales +12.1%/6.4%

5-1 sales beat but competition intensified

China Cosmetics – Key takeaway from 6.18 cosmetic sales

–3Q23 earnings surged 120-200% YoY; Strong gas trucks sales continue to be key driver

Capital Goods: Construction machinery sales in Sep: Decent export growth; weak demand in China

–Turnaround is on track despite bumpy sales

Mortgage rate resurgence put a lid on US home sales

NEV sales push at month-end leads to Oct beat

Macro Report: US retail sales rebounded sharply in January