RHB Securities's Zhuang Sees Negative Growth for China Auto Sales in 2019

The video discusses the trends in auto sales from 2015 to 2020, highlighting the impact of government tax cuts and subsidies on market performance. It examines the sensitivity of the auto market to economic conditions, noting a decline in SUV sales and the influence of consumer confidence. The discussion also covers the growth in lower tier cities, where subsidies have a significant impact, contrasting with the performance in urban areas.

What is the significance of the 23 million unit sales figure mentioned in the text?

How do lower tier cities compare to first and second tier cities in terms of auto sales growth?