China’s auto dealer inventory warning index stood at 62.5 percent in November, up 0.1 percentage point compared to October, while decreasing by 12.6 percentage points year on year, as announced by the China Automobile Dealers Association (CADA).
The traditional sales season for the auto sector is approaching as the end of the year draws closer, while ‘Double Eleven’ (Nov. 11) sales activities have supported passenger car sales, with large-scale autumn auto shows also having provided support for auto sales, according to CADA.
Greater promotional activities for car sales are expected before the end of the year, with many consumers expected to make their decisions on car purchases ahead of the traditional Chinese New Year. Though the vehicles market has been sluggish this year, the auto dealer inventory warning index will likely improve in December.