Automobile industry

The inventory coefficient of auto dealers in February 2021 is 1.68 From China Automobile Circulation Association

The following is the The inventory coefficient of auto dealers in February 2021 is 1.68 From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

On March 10, 2021, China Automobile Circulation Association released the survey results of “automobile dealer inventory” in February 2021: the comprehensive inventory coefficient of automobile dealers in February was 1.68, up 9.8% on a month on month basis. In the case of a low base affected by the epidemic last year, the inventory level dropped significantly by 88.6% on a year-on-year basis, and the inventory level was above the warning line.

1、 The inventory coefficient in January increased year on year

Affected by the Spring Festival in February, car sales fell month on month. This year, the policy of celebrating the Chinese new year on the spot has suppressed the tide of returning home to buy cars before the festival. The market demand and passenger flow have declined, but they will gradually recover after the end of the Spring Festival holiday. Considering the holidays in February, the number of car entering tasks of dealers decreased and the inventory pressure increased, which was mainly due to the decrease of sales volume. In addition, some regions have spring auto shows in March, and new cars are coming on the market intensively. In order to prepare for the auto market in March, dealers begin to replenish their inventory after the festival.

2、 The inventory coefficient of high-end luxury & import and joint venture brands increased on a month on month basis and decreased independently

The inventory coefficient of high-end luxury & import brands was 1.65, up 23.1% month on month; the inventory coefficient of joint venture brands was 1.76, up 15.8% month on month; the inventory coefficient of independent brands was 1.71, down 0.6% month on month.

3、 Brands with the highest inventory depth in February

In February, there were 15 brands with inventory depth of more than 2 months, among which Dongfeng Yueda Kia, Baojun and Jaguar Land Rover had the highest inventory depth.

4、 Cautious expectation of market demand in March and reasonable control of inventory

March will gradually get rid of the impact of the Spring Festival holiday on the market, and the market demand will be better than February. Spring auto shows in some regions will also boost sales. However, March is the end of the first quarter, and the number of car collection tasks of dealers will increase accordingly. With the convening of the two sessions, the policy of stabilizing and expanding automobile consumption is still the mainstream, and the market sales are expected to maintain an optimistic growth state.

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: in the first quarter of 2020, 57 new authorized 4S stores of luxury brands will be added and 41 online 4S stores will be returned. China Automobile Circulation Association: monthly report of China’s imported automobile market in April 2020 China Automobile Circulation Association: in March 2020, the sales volume of domestic narrow sense passenger car market will reach 1.045 million China Automobile Circulation Association: February 2021 national passenger car market analysis China Automobile Circulation Association: February 2021 China second hand car manager index is 41.7% China Automobile Circulation Association: March 1-March 7, 2021 second hand car weekly Express China Automobile Circulation Association: February 2021 China automobile consumer reputation index China Automobile Circulation Association: January 2021 In depth analysis of China’s second-hand car market China Automobile Circulation Association: analysis of passenger car market operation characteristics in February 2021 China Automobile Circulation Association: analysis of automobile import and brand market performance in 2020 China Automobile Circulation Association: analysis of China’s passenger car production capacity in 2020 China Automobile Circulation Association: world automobile sales of 78 million units in 2020 China’s share 32% China Automobile Circulation Association: Analysis on the trend of gain price index in December 2020 China Automobile Circulation Association: Analysis on the sales trend and manufacturer competition of national automobile market in January 2021 China Automobile Circulation Association: Analysis on the operation characteristics of passenger car market in January 2021

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button