Trade Resources Economy 70% Auto Companies Reported "False Harvest" in The Third Quarters

70% Auto Companies Reported "False Harvest" in The Third Quarters

Currently, 86 listed companies of automotive industry have been released the third quarter reports. According to statistics, 70% car companies' net profit is year-on-year growth in the first three quarter.

70% Auto Companies Reported "False Harvest" in The Third Quarters

But the National Securities auto industry analysts said that, the third quarter is the busy season for the automotive industry, the low base are from auto market downturn over the same period in 2012, and other technical factors caused the "Harvest Illusion".

 

Written by Dora Men

 

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Topics: Transportation