The latest "China Automobile Dealer Inventory Warning Index Survey" released by the China Automobile Dealers Association (CADA) shows that the inventory warning index of auto dealers in April 2023 was 60.4%, down 6.0 percentage points year-on-year and 2.0 percentage points month-on-month. The index exceeding the 50 point mark means a sluggish automobile distribution industry.
In addition, Lang Xuehong, deputy secretary-general of the CADA, said that considering various factors, the retail sales volume in April was slightly better than that in March, and stood at around 1.7 million vehicles.
"The market in May will be better than April. It is estimated that the terminal retail sales in May will be around 1.85 million vehicles, which is a significant improvement compared with April."
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