Cui Dongshu: Rising oil prices have had a significant negative impact on fuel vehicles.

```htmlGolden Ten Data March 25: Cui Dongshu stated that 2026 will be a big year. The longer working period before the Spring Festival is favorable for the export of production models in February, as it occurs just before the usual post-holiday market rebound and is considered a relatively cold spell for the season. Therefore, sales in the first week of March are relatively low, and the market remains stable. The period before the Spring Festival is the peak season for fuel vehicle sales, so the car market after the March Spring Festival is relatively stable and sluggish, awaiting the increased activity of the new energy vehicle market, which already showed signs of recovery in the second week. This year, prices of raw materials, oil, and chips have risen, the anti-involution sword remains looming, and entire vehicle enterprises are facing a more complex environment. International geopolitical turmoil and unclear situations have pushed up oil prices, causing a significant negative impact on fuel vehicles. Currently, dealers are under pressure, terminal transaction prices remain relatively stable and have not met consumers’ psychological expectations. The overall market activity in March is gradually recovering. The new energy vehicle market is waiting for new products and a clearer market environment, and currently, this is the toughest period.```