Financials, Automotive May 18, 2022 01:24 PM (GMT+8) · EqualOcean
According to the data released by China Automobile Circulation Association, the comprehensive inventory coefficient of automobile dealers in April was 1.91, up 9.1% month on month and 21.7% year-on-year. The inventory level was above the boom and bust line (1.5), a new high in recent years. It is worth noting that the inventory coefficient of auto dealers was high in April, which was mainly affected by the epidemic in many places. Therefore, the high inventory brands will not be announced for the time being. Since this year, only February has announced the brand with the highest inventory depth of dealers. The China Automobile Circulation Association predicts that the market continues to be depressed in May, the enterprises related to the automobile industry chain continue to be under pressure, and the end consumer demand weakens, but it is still unable to return to the normal level. However, it is expected that the automobile sales in May will increase compared with April.

This text is a result of machine translation.