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, 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, with a month on month increase of 9.1% and a year-on-year increase of 21.7%, and the inventory level was above the warning line.

1、 The inventory coefficient increased month on month in April

In April, the epidemic has not been effectively controlled, the upstream automobile production enterprises stopped production, some terminal dealers closed their stores for a week or more, and the consumption power became weaker. The overall sales volume of cars fell significantly, resulting in three consecutive increases in the inventory level of dealers.

Among the 94 cities surveyed, 34 cities have closed their dealers due to the epidemic prevention and control policies. More than 60% of the dealers closed for more than one week. The continuation of the epidemic has a serious impact on the operation of dealers. Most dealers said they could not complete the sales task of the current month. More than 70% of dealers with a completion rate of less than 70% and more than 40% of dealers with a completion rate of less than half. At present, some car enterprises 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 be cancelled or postponed, resulting in the suspension of terminal promotion activities and the overall adjustment of the rhythm of new car listing. Dealers said that the effect of online marketing alone is limited. Coupled with a certain impact on Residents’ income and consumer confidence, consumer demand 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 auto dealers was high, which was mainly affected by the epidemic in many places. Therefore, the brands with high inventory will not be announced temporarily.

3、 Cautiously expect the market demand in May 2022 and reasonably control the inventory

The current round of the epidemic lasted for two months, the enterprises related to the automobile industry chain continued to be under pressure, the end consumer demand weakened, and the market continued to be depressed in May. It is expected that the car sales in May will increase compared with April, but due to the uncertainty of the epidemic, the car market can not return to the normal level in May.

At present, in order to boost the automobile market and stimulate automobile consumption, relevant state departments and local governments have successively issued positive and favorable policies. On April 20, the general office of the State Council issued the opinions on further releasing consumption potential and promoting the sustainable recovery of consumption. The “automobile consumption Festival” launched in early April in Guangzhou, the automobile consumption coupons issued by Xiqing District and Jinnan District of Tianjin, and the car purchase subsidy activities in Hangzhou promoted and transferred profits by means of cash reduction, comprehensive subsidies and financial inclusion, so as to promote the continuous recovery of automobile consumption.

China Automobile Circulation Association suggested that dealers should rationally estimate the actual market demand and reasonably control the inventory level according to the actual situation. At the same time, do not slacken the epidemic protection, and continue to implement the epidemic prevention and control measures. More reading: China Automobile Circulation Association: inventory coefficient of automobile dealers in August 2021 China Automobile Circulation Association: inventory coefficient of automobile dealers in June 2021 is 1.48 China Automobile Circulation Association: inventory coefficient of automobile dealers in March 2020 is 2.68 China Automobile Circulation Association: inventory coefficient of automobile dealers in May 2020 is 1.55 China automobile circulation Association: inventory coefficient of automobile dealers in October 2019 is 1.39 China Automobile Circulation Association: 20 The inventory coefficient of auto dealers in August 19 was 1.51. China Automobile Circulation Association: the inventory coefficient of auto dealers in September 2019 was 1.50. China Automobile Circulation Association: the inventory coefficient of auto dealers in July 2019 was 1.75. China Automobile Circulation Association: the inventory coefficient of auto dealers in June 2019 was 1.38. China Automobile Circulation Association: the inventory coefficient of auto dealers in May 2019 was 1.65. China Automobile Circulation Association: the inventory coefficient of auto dealers in February 2019 was 2.1 China Automobile Circulation Association: the inventory coefficient of automobile dealers in October 2018 was 1.88. China Automobile Circulation Association: the inventory early warning index of Chinese automobile dealers in April 2022 was 66.4%. China Automobile Circulation Association: the survival status survey of national automobile dealers in the first half of 2021. China Automobile Circulation Association: the report of China’s automobile hedging rate in April 2022

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