Sales slump sees inventories piling up

Dealers are sitting on stock, but carmakers' whole year projections remain optimistic, Li Fusheng reports.

Industry analysts have raised the alarm over Chinese car dealers' inventory levels, which hit a 14-month high in January.

The inventory index stood at 61.5 percent last month, 18.6 percentage points higher than in December, according to the China Automobile Dealers Association.