In April, 2022, the inventory coefficient of automobile dealers was 1.91 From China Automobile Circulation Association
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On May 10, 2022, the China Automobile Circulation Association released the survey results of “automobile dealer inventory” in April 2022: 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 warning line.
1、 Inventory coefficient in April rose month on month
In April, the epidemic has not been effectively controlled. The upstream automobile production enterprises stopped production, and some terminal dealers closed their stores for a week or more. The consumption power became weaker. The overall sales volume of cars fell significantly, resulting in the three consecutive rises of dealers’ inventory level.
In the 94 cities surveyed, dealers in 34 cities closed their stores due to the epidemic prevention and control policies. More than 60% of the dealers closed their stores for more than one week. The continuation of the epidemic has a serious impact on the operation of dealers. Most dealers said that they could not complete the sales task of the current month. More than 70% of the dealers with a completion rate of less than 70% and more than 40% of the dealers with a completion rate of less than half. At present, some car companies have reduced the task assessment indicators for dealers.
At the same time, the Beijing auto show was postponed, and local auto shows in many cities were also forced to cancel or postpone, resulting in the postponement of substantial terminal promotions and the overall adjustment of the pace of new car listing. Dealers said that the effect of online marketing alone was limited. In addition, residents’ income and consumer confidence have been impacted to a certain extent, and consumer demand has continued to decline.
2、 The inventory coefficient of high-end luxury & imported, joint venture and independent brands increased month on month
The inventory coefficient of high-end luxury & imported brands was 1.66, up 10.7% month on month; The inventory coefficient of joint venture brands was 1.99, up 4.7% month on month; The inventory coefficient of independent brands was 1.95, up 17.5% month on month.
In April, the inventory coefficient of automobile dealers was high, which was mainly affected by the epidemic in many places. Therefore, the high inventory brands will not be announced for the time being.
3、 Cautiously predict the market demand in May 2022 and reasonably control the inventory
More reading: China Automobile Circulation Association: the inventory coefficient of automobile dealers in April 2022 was 1.91 China Automobile Circulation Association: the inventory coefficient of automobile dealers in August 2021 China Automobile Circulation Association: the report on China’s automobile hedging rate in April 2022 China Automobile Circulation Association: the inventory coefficient of automobile dealers in September 2020 was 1.56 China Automobile Circulation Association: the inventory coefficient of automobile dealers in November 2019 was 1.49 China Automobile Circulation Association: 2019 In October, the inventory coefficient of automobile dealers was 1.39. China Automobile Circulation Association: in October, 2020, the inventory coefficient of automobile dealers was 1.57. China Automobile Circulation Association: in March, 2022, the inventory coefficient of automobile dealers was 1.75. China Automobile Circulation Association: in January, 2021, the inventory coefficient of automobile dealers was 1.53. China Automobile Circulation Association: in November, 2020, the inventory coefficient of automobile dealers was 1.72. China Automobile Circulation Association: in October, 2021, the inventory coefficient of automobile dealers was 1 . 29 China Automobile Circulation Association: the inventory coefficient of automobile dealers in May 2020 was 1.55 China Automobile Circulation Association: the inventory coefficient of automobile dealers in July 2021 was 1.45 China Automobile Circulation Association: the inventory coefficient of automobile dealers in November 2021 was 1.35 China Automobile Circulation Association: the inventory coefficient of automobile dealers in March 2020 was 2.68
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