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According to the China Automobile Circulation Association, China's car market is on high inventory alert throughout 2018. At its peak, the comprehensive inventory coefficient of dealers reached 1.93, far exceeding the warning line of 1.50. Finally, China's car market declined in 2018. With declining sales and high inventory, the pressure on dealers is increasing. From the end of last year to the beginning of 2019, a number of brand manufacturers took the initiative to adjust the wholesale number and reasonably control the dealer inventory level. finally, the dealer inventory coefficient decreased in January compared with the same period last year and month-on-month. According to the China Automobile Circulation Association released in January 2019 "car dealer inventory" survey results: January cars.
With the intensification of market competition, the current situation of dealers has not changed much, and inventory is still at a high level. According to the March dealer report released by the China Automobile Circulation Association, the inventory early warning index of automobile dealers in March was 55.3%, down 8.3% from the previous month, and up 3.2% from a year earlier, and the inventory early warning index remained above the warning line. Since 2018, the dealer inventory index has been high and has exceeded the warning line for 15 consecutive months. The China Automobile Circulation Association estimates that overall sales in the domestic car market fell by about 8% in March and by about 6% in the first quarter. From a brand point of view, import and luxury.
As the domestic car market has achieved five consecutive months of month-on-month growth from the collapse in February to recovery, it began to achieve year-on-year growth from April to July this year. However, according to the survey results of "Automobile Dealer inventory" released by the China Automobile Circulation Association in July 2020, the inventory level of automobile dealers still exceeded the standard in July, and the inventory index rose month-on-month for many consecutive months.
After a bitter battle in the first half of the year, the auto market has entered a stage of rapid growth in the second half of the year. Passenger car sales have risen for three consecutive months compared with the same period last year, and a number of car companies have also ushered in double-digit monthly sales growth. However, at a time when the overall car market continues to rise and dealer inventory levels decline, these brands are under pressure, with one luxury car company on the list and "at the top". According to the latest retail sales statistics of the Federation of passengers, the domestic passenger car market achieved sales of 1.912 million vehicles in September, an increase of 7.4% over the same period last year and 12.2% month-on-month growth. Sales rose for the third month in a row. The rate of decline for the whole year narrowed further, with cumulative sales from January to September.
China's car market fell again by double digits in April, with passenger car sales falling 16.9 per cent to 1.508 million units from a year earlier, the 11th consecutive month of decline in Chinese car sales, according to data released yesterday. From January to April, domestic passenger car sales totaled 6.595 million, a decline of double digits to 11.9%, a decrease of nearly 900000. The downward trend has not changed or even further expanded the decline, automakers are under pressure, dealers are also under tremendous pressure. The China Automobile Circulation Association released the inventory report of automobile dealers in April. The survey results show that the comprehensive inventory system of automobile dealers in April.
With the intensification of market competition, the current situation of dealers has not changed much, and inventory is still at a high level. According to the latest "Dealer inventory early warning Index Survey" released by the China Automobile Circulation Association, the inventory early warning index of automobile dealers in March was 55.5%, up 3.3% from the previous month and 3.8% lower than last year. Inventory early warning index is above the rise and fall line.
February inventory of car dealers
For a long time, dealer inventory early warning index has been regarded as a "barometer" of domestic automobile market demand, and its level reflects the circulation situation of China's automobile market. A few days ago, the latest issue of the inventory early warning Index Survey of China Automobile Dealers released by the China Automobile Circulation Association shows that in November 2022, China Auto
After China's car sales rebounded in June, outsiders believe that July will enter a sustained downturn, and the early sales overdraft of the country's five price sales will seriously affect subsequent sales. In June, terminal sales were larger than the wholesale number of manufacturers, but in July, manufacturers supplied a large number of national six models one after another, while terminal sales failed to keep up or were consumed in advance, resulting in a backlog of dealer inventory. According to data released by the China Automobile Circulation Association a few days ago, the inventory early warning index of car dealers in July was 62.2%, up 11.8% from the previous month and 8.3% from a year earlier.
The China Automobile Circulation Association released a report on the inventory early warning Index of Automobile Dealers in November. The inventory early warning index of automobile dealers in November was 62.5%, up 0.1% from the previous month and down 12.6% from the same period last year. The inventory early warning index is above the warning line.
In March, in response to the VAT rate reduction policy, many car companies have implemented price cuts ahead of schedule, and some manufacturers have paid close attention to the hot spots to promote car sales in the countryside, but the overall increase is still not obvious. China's passenger car sales in March were 1.74 million, down 12.1% from a year earlier and the 10th consecutive month of year-on-year decline, according to sales data from the Federation of passengers. The China Automobile Circulation Association released the results of the "Automobile Dealer inventory" survey in March 2019, showing that the comprehensive inventory coefficient of automobile dealers in March was 1.8, up 16% from a year earlier and down 14% from the previous month, with inventory levels above the warning line. Specifically,.
The car market finally warmed up in April! According to the data, China's automobile production and sales completed 2.102 million and 2.07 million respectively in April, up 46.6% and 43.5% respectively from the previous month, and 2.3% and 4.4% respectively over the same period last year. The monthly growth rate was the first increase since the beginning of this year, and sales volume ended 21 consecutive months of decline. However, some brands have to face the difficult days of terminal sales. The latest survey of "Automobile Dealer inventory" released by the China Automobile Circulation Association in April 2020 shows that the comprehensive inventory coefficient of automobile dealers in April was 1.76, down 12.0% from the same period last year and 34% from the previous month.
Dealer inventory depth level is an important index to measure the current situation of a brand management. A few days ago, the China Automobile Circulation Association released a report on the inventory of automobile dealers in May. The survey results show that the comprehensive inventory coefficient of automobile dealers in May was 1.65, up 4% from the same period last year, and down 18% from the previous month. The inventory level is above the warning line. Compared with the inventory depth and clearance pressure in February, March and April, the current situation of dealers eased somewhat in May, thanks to the fact that May and June are the critical period of switching between the five countries and six countries, and all dealers are speeding up the elimination of inventory cars in the five countries. and more cautious about wholesale car entry. But another problem is that the dealers are big.
After several months of market restraint, the domestic car market finally ushered in a certain sales rebound in April this year, and with the advent of the "May Day" traditional peak season, it once again pushed the car market into a small and the best part. However, dealers' inventory performance was mediocre throughout May due to sales overdrafts in the first half of the month.
Entering the second half of 2019, the overall downward trend of industry production and sales has not fundamentally changed, and the monthly double-digit decline continues. China's car sales in July were 1.808 million, down 12.1% from the same period last year. From January to July, sales totaled 14.132 million, down 11.4% from the same period last year. July and August is the off-season of the traditional car market, and the business situation of car companies and major dealers is not optimistic. The inventory warning index of car dealers reached 62.2% in July, the second highest level so far this year. Inventory levels improved month-on-month in August, but remain above the warning line. The China Automobile Circulation Association issued on August 31.
In the cold winter of the automobile industry, even if it comes to the traditional period of "Golden Nine Silver Ten" to stimulate consumption, it can not avoid the impact of the persistent downturn in car buying sentiment. The inventory early warning Index of Automobile Dealers in China was 62.4% in October 2019, up 3.8% from September and down 4.5% from the same period last year, according to a report released by the China Automobile Circulation Association on the 31st. The inventory early warning index is still above the warning line. It is worth noting that the 62.4% inventory early warning index is the second highest this year after the 63.6% inventory early warning index in February, reflecting the inventory of car dealers.
The Automobile Dealers' Chamber of Commerce of the all-China Federation of Industry and Commerce recently issued an "proposal to passenger car manufacturers," calling on mainframe factories to actively respond to automobile sales management measures to unbind and let dealers act as the main body of the market, and independently set procurement targets and supply and demand inventory according to market demand. The letter said that as the mainframe factory blindly increased volume, one-sided pursuit of market share, and bundled dealers through a harsh assessment system, the profits of dealers were transferred to the mainframe factory, resulting in increasingly serious losses for most dealers. As a result, the proportion of profitable dealers is less than 30%. According to the data, 53.5% of dealers lost money in 2018.
Affected by the car winter that has been declining for two consecutive years and the traditional Chinese New year holiday, the automobile industry has suffered a big blow at the beginning of this year, so that the early warning index of domestic car dealers has soared again. The China Automobile Circulation Association today released a report on the inventory early warning Index of Automobile Dealers in China. The inventory early warning index of automobile dealers in January 2020 was 62.7%, up 6.3% from the previous month and 6.5% from the same period last year. The inventory early warning index is above the warning line.
The China Automobile Circulation Association released the "Automobile Dealer inventory early warning Index" in April, which reached 61% in April, up 5.7% from the previous month and 6.47% from a year earlier, and the inventory early warning index is still above the warning line. In the process of intensified market competition, the current situation of car dealers has not changed much, and inventory is still at a high level. Since 2018, the dealer inventory index has exceeded the warning line for 16 consecutive months. The association pointed out that the Spring Festival auto show in some areas in April played a certain role in promoting sales, but market demand and sales still declined due to the general environment. Due to the National VI Emission Standard in July.
In May, China's auto market finally ushered in double-digit growth, the auto industry and the consumer sector entered a rapid recovery phase, a number of car companies are also looking forward to proportional sales growth, resulting in a continuous decline in dismal performance. However, the inventory level of some brand dealers is still high, manufacturers' wholesale sales are not proportional to terminal sales, and a total of five brands were named in May. According to statistics from the China Automobile Association, in May, China's automobile production and sales completed 2.187 million and 2.194 million respectively, up 4% and 5.9% month-on-month, and 18.2% and 14.5% respectively over the same period last year.
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