10月前四周乘用车零售环比+2%，自主车企销量同比高增

Investment Rating - The investment rating for the automotive sector is maintained as "Outperform the Market" [1] Core Insights - The automotive sector experienced a slight decline of 0.44% in the week from October 28 to November 1, outperforming the CSI 300 index by 1.24 percentage points [9] - Retail sales of passenger vehicles increased by 9% year-on-year in October, with a month-on-month growth of 2% [3] - The overall performance of the automotive sector has shown a mixed trend, with commercial vehicles performing better than passenger vehicles [9] Summary by Sections Market Review - The automotive sector's performance for the week (10.28-11.1) showed a decline of 0.44%, while the commercial vehicle segment rose by 2.76% [9] - The passenger vehicle segment fell by 1.76%, underperforming the CSI 300 index [9] Company and Industry Major Events - BYD's sales in October reached 502,657 units, marking a year-on-year increase of 67% [5] - Changan Automobile reported a revenue of 342.37 billion yuan in Q3 2024, down 19.85% year-on-year [36] - The automotive industry PE-TTM as of November 1 is 24.37, with passenger vehicles at 27.22 and commercial vehicles at 35.94 [10] New Vehicle Launches - The report does not provide specific details on new vehicle launches during the period [7] Investment Recommendations - The report suggests maintaining an "Outperform the Market" rating for several automotive companies, including Changan Automobile and Huayang Group [1][24]