China's Passenger Vehicle Industry Inventory Hits 3.5 Million Units at End-April 2025, Pressure Mounts

Published: May 20, 2025 15:57

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[Cui Dongshu: National Passenger Vehicle Industry Inventory Reached 3.5 Million Units at the End of April 2025] Cui Dongshu, Secretary General of the China Passenger Car Association, stated in an article that the national passenger vehicle industry inventory reached 3.5 million units at the end of April 2025, an increase of 150,000 units MoM and 120,000 units compared to April 2024, indicating a continuous rise in industry inventory in 2025. The current policy initiatives have brought about overall optimism among producers, with high production levels after the Chinese New Year and relatively active wholesale activities by manufacturers, leading to the re-establishment of industry inventory. April reached a historical high for the end of April. As sales gradually transition into the off-season from May to July, sales are expected to decline over the next three months. Therefore, based on a comprehensive estimate of the inventory at the end of April 2025 and future sales, the existing inventory is projected to support future sales for 57 days, slightly increasing the overall inventory pressure at the end of April this year compared to 55 days in April 2023 and 52 days in April 2024.

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