Dealership backlogs ease as vehicle sales recover
Dealership inventories in China fell to an average 46-day supply in July, down from 57 days in the previous month as vehicle sales continued to recover.
Last month, stockpiles of Chinese brands dropped to a 58-day supply, down from 71 days in June, according to the China Automobile Dealers Association.
Dealerships that sell imported vehicles reported backlogs of 43 days, down from 47 days a month earlier.
Inventories of foreign-brand dealerships that market locally produced vehicles also dipped to a 39-day supply, down from 41 days in June.
China’s light-vehicle market appears to be shrugging off the dampening effect of the higher sales tax on small vehicles, which took effect Jan. 1.
In July, light-vehicle sales rebounded for the second month in a row, rising 4.3 percent from a year earlier to 1.68 million vehicles.
Dealerships that sell imported vehicles reported backlogs of 43 days, down from 47 days a month earlier.
Inventories of foreign-brand dealerships that market locally produced vehicles also dipped to a 39-day supply, down from 41 days in June.
China’s light-vehicle market appears to be shrugging off the dampening effect of the higher sales tax on small vehicles, which took effect Jan. 1.
In July, light-vehicle sales rebounded for the second month in a row, rising 4.3 percent from a year earlier to 1.68 million vehicles.
