Automobile industry

2% in February 2021 From China Automobile Circulation Association

The following is the 2% in February 2021 From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

On February 28, 2021, China Automobile Circulation Association released the latest issue of “inventory early warning index survey of China automobile dealers” (via) According to the index, the inventory early warning index of auto dealers in February 2021 was 52.2%, a decrease of 7.9 percentage points compared with last month and 29.0 percentage points compared with last year. This was mainly due to the impact of last year’s epidemic, which led to the low base level of that month, and the inventory early warning index was above the boom and bust line.

February entered the traditional off-season, because the Spring Festival is in the middle of the month, the first week still continued the pre festival consumption in January, and the number of people returning home decreased, which reduced the demand for cars during the Spring Festival. Due to the sudden sale of COVID-19 in February last year, the sales base was very low. Therefore, referring to February 2019 sales volume, it is expected that sales in February will be better than that in 2019.

From the sub index situation: February inventory index fell month on month, inventory pressure weakened. The market demand index, average daily sales index, employee index and operation condition index increased month on month.

From the perspective of regional index: in February, the national total index was 52.2%, the northern index was 53.6%, the eastern index was 52.1%, the Western index was 51.6%, and the southern index was 53.1%. In the off-season, the number of car entering tasks of dealers is reduced, and the inventory pressure of various regions is reduced.

From the sub brand type index, the import & luxury brand index, independent brand index and mainstream joint venture brand index decreased in February.

Before the Spring Festival in February, the Ministry of Commerce issued the guidelines for promoting automobile consumption in the business field. Local governments will continue to carry out favorable policies and promote consumption activities. In addition, spring auto shows will be held one after another. It is expected that the market will heat up and the sales volume will increase in March.

China Automobile Circulation Association suggests that dealers should rationally estimate the actual market demand and reasonably control the inventory level according to the actual situation, so as to prevent excessive inventory pressure and operational risk. At the same time, do not relax the epidemic prevention, continue to implement the epidemic prevention and control measures. Read more: China Automobile Circulation Association: the inventory early warning index of automobile dealers in April 2020 is 56.8%; China Automobile Circulation Association: the inventory early warning index of automobile dealers in December 2019 is 59.0%; China Automobile Circulation Association: the inventory early warning index of automobile dealers in June 2020 is 56.8%; China Automobile Circulation Association: the inventory early warning index of automobile dealers in November 2019 is 62.0% 5% China Automobile Circulation Association: the inventory early warning index of China automobile dealers in August 2020 is 52.8%. China Automobile Circulation Association: the inventory early warning index of China automobile dealers in October 2020 is 54.1%. China Automobile Circulation Association: the inventory early warning index of China automobile dealers in November 2020 is 60.5%. China Automobile Circulation Association: the inventory early warning index of China automobile dealers in September 2019 is 58.6% China Automobile Circulation Association: inventory early warning index of China automobile dealers in August 2019 China Automobile Circulation Association: inventory early warning index of China automobile dealers in June 2019 China Automobile Circulation Association: inventory early warning index of China automobile dealers in May 2020 China Automobile Circulation Association: 57 new authorized 4S stores of luxury brands in the first quarter of 2020 41 online 4S stores: China Automobile Circulation Association: in March 2020, the sales volume of domestic narrow passenger car market reached 1.045 million, a year-on-year decrease of 40.4%. China Automobile Circulation Association: in April 2020, the monthly report of China’s imported automobile market. China Automobile Circulation Association: in February 2019, the inventory warning index of China’s automobile dealers was 63.6%

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