National Passenger Vehicle Industry Inventory Reached 3.54 Million Units at April Month-End

Published: May 21, 2026 18:41

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Cui Dongshu, Secretary General of the China Passenger Car Association (CPCA),stated that the national passenger vehicle industry inventory stood at 3.54 million units at the end of April, up 90,000 units MoM and up 40,000 units compared to April 2025, forming a trend of sustained inventory growth. Among this, manufacturer inventory accounted for 29.8%, which was relatively high. The April forecast optimism was 36%, and the post-April satisfaction in early May was 7%. Expectations were low but satisfaction was even worse, mainly due to the significant impact of high oil prices. The team's optimism for the May market dropped to 27%, which was a relatively low level in recent market optimism assessments. Even after repeated downward adjustments, expectations have yet to turn more optimistic.

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