Global EditionASIA 中文双语Français
Business
Home / Business / Motoring

China's vehicle inventory alert index down in March

Xinhua | Updated: 2019-04-03 19:19
Visitors check a car during an auto expo in Kunming, capital of Yunnan province, in November. [Photo provided to China Daily]

BEIJING -- China's Vehicle Inventory Alert Index, which reflects the inventory pressure of automobile dealers, dropped 8.3 percentage points month on month in March, new data showed.

The index stood at 55.3 percent last month, down from 63.6 percent in February and 58.9 percent in January, according to the China Automobile Dealers Association.

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

On a year-on-year basis, the index was up 3.2 percentage points, mainly affected by the week-long Spring Festival holiday in February, said Lang Xuehong, the association's deputy secretary general.

The index has stayed above 50 percent for 15 consecutive months since the beginning of last year, according to the association.

Last year, China's total auto sales reversed a yearly rising trend with a 2.76-percent decline, according to the China Association of Automobile Manufacturers.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US