BEIJING, Jan.10(Wang Zi)- The China Association of Automobile Circulation released its December 2019 survey of \"auto dealer inventory \": the overall inventory coefficient of auto dealers in December was a year-on-year decline of%, down% from a month earlier, with inventory levels below the warning line.
Car sales were good in december, with double 12 and christmas events, coupled with car shows in parts of the region to stimulate consumers to buy cars and release some of their consumption potential. In order to achieve the year-round mission goals to get year-end rebates, dealer price reduction promotion, new car prices continue to explore, profitability decline.
The data showed that the inventory coefficient of imported brands, joint ventures and self-owned brands fell month-on-month. Import brand inventory coefficient is, month-on-month decline%; joint venture brand inventory coefficient is, month-on-month decline%; independent brand inventory coefficient is, month-on-month decline%.
The year-end effect and pre-season effect, reflected in November and December, are expected to fall sharply in January compared with December, the survey showed.
The China Automobile Circulation Association suggests that dealers should rationally estimate the actual market demand according to the actual situation and reasonably control the inventory level in order to prevent excessive inventory pressure and lead to operational risks.