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Dealerships burdened with nearly two months' supply in Oct.
Automotive News China | 2018/11/16

The average new-vehicle stockpile at dealerships in China topped 56 days last month, a slight increase from 55 days in September, as new car and light-truck sales kept declining across the industry.

In October, dealerships with domestic Chinese brands carried a backlog of 70 days, up from 68 days in the previous month, according to the China Automobile Dealers Association. 

Inventories at stores marketing domestically produced, foreign mass-market brand models edged up to a 54 days, from 53 days in a month earlier.

Dealerships selling luxury and imported vehicles saw their stockpiles increase to a 47-day supply from 43 days in September. 

Chinas light-vehicle sales declined for the fourth straight month, slumping 13 percent year on year to below 2.05 million, in October as consumers cut spending amid a slowing domestic economy.

With year-end promotions around the corner, automakers are likely to dump more inventories on dealerships in November and December to achieve annual wholesale targets, the China Automobile Dealers Association warned.


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