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."
US Economy Doomed to Falter as Stagflation Risk Rises amid Slowing GDP
SMM Forecast for Copper Prices Next Week
Weak Electric Vehicle Pricing Will Spread To New Car Market, Analyst Says
IEA: Global Electric Vehicle Sales Proliferated in 2022, China Led the Growth
![This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]](https://imgqn.smm.cn/usercenter/obeMy20251217171735.jpg)
![Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]](https://imgqn.smm.cn/usercenter/LVqfJ20251217171736.jpg)
