Recently, the China Automobile Dealers Association's "Vehicle Inventory Alert Index" VIA (Vehicle Inventory Alert Index) showed that the car dealer inventory warning index in November 2017 was 49.8%, down 0.1 percentage points from the previous month. Below the warning line. Combined with previous data, China's auto dealer inventory warning index in August was 47.1%, reaching 48.7% in September. In October, this index continued to rise to 49.9%, but did not exceed the warning line. Therefore, as of November, the index has been below the warning line for four consecutive months.
Specifically, the inventory index and the average daily sales index in November increased sharply compared with the previous month; the market demand index was basically the same as last month; the employee index decreased compared with the previous month, and the operating status index was compared with the previous month. Slightly rising.
The association pointed out that this is mainly affected by the following factors: at the end of November, the dealers increased the promotion intensity, and the purchase tax discount is about to expire. It has also become a favorable factor to promote the market demand this month; to avoid the depreciation of used cars in the New Year. The rate increased and the ratio of replacement business increased at the end of the year; Guangzhou Auto Show boosted market demand in the southern region; some manufacturers had increased demand for dealers at the end of the year; in order to increase sales, dealers reduced prices and reduced profit margins.
For the next 12 months, most dealers expect market demand to be better than November. However, the association believes that housing prices in some cities will be diverted to purchase car funds. In addition, the intensive listing of new vehicles at the end of the year will have a certain stimulating effect on demand, but consumers will understand the need for the process, leading some consumers to wait and see, bringing market uncertainty at the end of the year. increase.
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