Automobile industry

The inventory early warning index of China’s auto dealers in December 2020 is 60.7% From China Automobile Circulation Association

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The following is the The inventory early warning index of China’s auto dealers in December 2020 is 60.7% From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

On December 31, 2020, via (vehicle inventory alert index), the latest issue of “inventory early warning index survey of China’s automobile dealers” released by China Automobile Circulation Association, showed that the inventory early warning index of automobile dealers in December 2020 was 60.7%, up 0.2% from last month and 1.7% from the same period last year, which was above the boom and bust line.

As the year-end sales peak season approaches, manufacturers and dealers are hitting the annual target, and the promotion efforts remain unchanged; new local subsidy policies have been introduced one after another, which has a certain stimulating effect on the demand for cars. In addition, Shanghai and Beijing respectively issued new policies of restricting the use of foreign brands and wagging numbers, which also had a significant pulling effect on the auto market in December.

However, in order to achieve the annual task target, the dealers get the year-end rebate, and the channel inventory is significantly improved. Price reduction and sales promotion, new car prices continue to drop, and distribution profitability is declining.

From the sub index situation: the inventory index rose significantly in December, with a month on month increase of 11 percentage points, reflecting the increased inventory pressure of dealers. At the same time, the market demand index and the average daily sales index increased month on month, indicating that the market consumption demand and terminal transaction increased month on month. However, the employee index and business condition index decreased month on month, and the business pressure of dealers further increased.

From the perspective of regional index: in December, the national total index was 60.7%, the northern index was 61.6%, the eastern index was 66.1%, the Western index was 65.9%, and the southern index was 60.7%. The repeated epidemic situation in some areas has affected the customer flow and sales of local dealers to a certain extent.

From the sub brand type index, the import & luxury brand index and independent brand index increased in December, while the mainstream joint venture brands decreased.

This year’s Spring Festival is relatively late, and part of the pre Festival consumer demand is expected to be released in January, diverting part of the car purchase demand in December, and the tail up phenomenon of car consumption will weaken at the end of the year.

A few days ago, the Ministry of Commerce said that it will introduce new measures from the end of the year to the beginning of next year, focusing on expanding the consumption of key commodities such as automobiles, encouraging relevant cities to optimize automobile purchase restriction measures, carrying out a new round of automobile going to the countryside and exchanging the old for the new, and creating a good consumption environment. It is expected that the new measures will bring sustained benefits to the automobile market.

China Automobile Circulation Association suggests that in the post epidemic period, dealers should rationally estimate the actual market demand according to the actual situation, reasonably control the inventory level, improve the network profitability, strengthen the risk management of channels, do a good job in fund management, control costs and reduce business risks. 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: China automobile dealers inventory early warning index in December 2019 is 59.0%; China Automobile Circulation Association: China automobile dealers inventory early warning index in August 2020 is 52.8%; China Automobile Circulation Association: China automobile dealers inventory early warning index in November 2019 is 62.5%; China Automobile Circulation Association: China automobile dealers inventory early warning index in October 2019 Inventory early warning index China Automobile Circulation Association: June 2019 China automobile dealers inventory early warning index China Automobile Circulation Association: April 2020 China imported automobile market monthly report China Automobile Circulation Association: in the first quarter of 2020, 57 new authorized 4S stores of luxury brands will be added, 41 online 4S stores will be returned. China Automobile Circulation Association: in March 2020, the sales volume of domestic narrow passenger car market will reach 1.045 million The year-on-year decrease was 40.4% The inventory coefficient of auto dealers in March 2019 is 1.8 China Automobile Circulation Association: inventory early warning index of auto dealers in October 2020 is 54.1% China Automobile Circulation Association: inventory early warning index of auto dealers in June 2020 is 56.8% China Automobile Circulation Association: inventory early warning index of auto dealers in May 2020 China automobile Circulation Association: inventory early warning index of auto dealers in April 2020 The inventory early warning index is 56.8%. China Automobile Circulation Association: the inventory early warning index of auto dealers in November 2020 is 60.5%. China Automobile Circulation Association: the inventory early warning index of auto dealers in December 2018 is 66.1%

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