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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.
2019 has passed, and the last month of the year is the opportunity for a "final sprint" for car companies, but the market still seems to have not changed. According to the "inventory early warning Index Survey of China Automobile Dealers in December" released by the China Automobile Circulation Association, the inventory early warning index of automobile dealers in December 2019 was 59%, down 3.5% from the previous month and 7.1% from the same period last year. Inventory early warning index is above the warning line.
The inventory level of car dealers still exceeded the standard in June. On June 30, the latest "Dealer inventory early warning Index Survey" released by the China Automobile Circulation Association reported that the inventory early warning index of automobile dealers in June was 56.8%, up 2.6 percentage points from the previous month and 6.4 percentage points from the same period last year. Inventory early warning index is above the rise and fall line. The association pointed out that June was at the half-yearly task assessment node, and dealers exchanged prices for quantity to boost terminals in order to complete the assessment tasks. oversupply led to fierce price competition, a decline in bicycle profits and even upside-down sales prices, and dealers' income decreased. From the sub-brand type index, in June.
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.
"Golden Nine Silver Ten" is a traditional period to stimulate consumption, but it is experiencing a "fake gold Nine Silver Ten" in 2019 due to low sales in the automobile industry and low consumer confidence in car purchases. According to the latest inventory early warning Index Survey of China Automobile Dealers released by the China Automobile Circulation Association, the inventory early warning index of automobile dealers in September 2019 is 58.6%, down 0.8 percentage points from the previous month and 0.3 percentage points from the same period last year. But the inventory early warning index is still above the warning line. After the implementation of the national six emission standards in July, the inventory early warning index of car dealers continued to hover around 60%, more than 50%.
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.
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.
After the worst impact of the epidemic in February, the inventory early warning index of Chinese car dealers reached a new high of 81.2%. Thanks to the effective control of the domestic epidemic in March, the inventory early warning index stabilized.
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
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.
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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.
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.
Recently, at the autumn media communication meeting sponsored by the China Association of Automobile Manufacturers, a number of industry experts warned of the shortage crisis of automotive chips. The imbalance between supply and demand of automotive chips has not improved, and coupled with the impact of unexpected events such as the epidemic, it is difficult to predict the future trend, it said. The current situation is that cars will produce as many chips as they are produced, and car production and sales will continue to be affected by the supply of chips in the coming months. According to data from the China Automobile Association, China's automobile production and sales in August were 1.725 million and 1.799 million respectively, down 7.4% and 3.5% from the previous month, and 18% from the same period last year.
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.
Under the cold winter of the car market, both automobile companies and car dealers are faced with great challenges, and even the huge group of car dealers in the past is shrouded in the news of closure. According to data released by the China Automobile Circulation Association, in September 2019, the inventory early warning index of car dealers was 58.6%, and the inventory early warning index was already above the warning line. A few days ago, some media released a report on the Operation of Automobile Dealers in China in 2019, which shows that 44% of car dealers across the country lost money in the first half of 2019, while profitable dealers accounted for only 29%, with a total of less than 9000.
The giant group, once hailed as "China's largest car dealer", has released a series of warnings to the outside world that its shares may be terminated. From May 11 to May 13, the giant group issued a number of risk warning announcements that the listing of shares may be terminated.
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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 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.
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