CAAM Forecasts New Growth Opportunities for Auto Aftermarket in H2

The China Association of Automobile Manufacturers (CAAM) expects the automotive aftermarket sector to see new growth opportunities in the second half of the year. As the "two new" policies continue to be implemented, enterprises are enriching their offerings with new products, market prices remain relatively stable, and the industry’s overall economic performance is expected to further improve. However, CAAM also noted that the external environment remains complex and volatile, with rising uncertainties, and insufficient domestic demand continues to be a significant challenge, placing considerable operational pressure on the industry. It emphasized the need to stabilize policy expectations, strengthen guidance and regulation, closely monitor changes in the international landscape, effectively address risks and challenges, and steadily advance expansion into international markets.