SHANGHAI, May 8 (SMM) – Chinese vehicle dealers continued to face strong inventory pressure in April, with the vehicle inventory alert index (VIA) standing above 50% for 16 months in a row.

The China Automobile Dealers Association (CADA) said on Tuesday May 7 that its VIA readings, which reflects the inventory pressure of automobile dealers, climbed 5.7 percentage points from a month ago and 6.47 percentage points from a year ago to stand at 61% in April.

The index has remained above the 50% level since the beginning of last year.

A higher reading indicates weaker market demand, higher inventory pressure and greater risks.