China’s auto dealer inventory warning index stood at 59.3 percent in March, following 81.2 percent in February which was the highest historical level since the data started to be recorded, as announced by the China Automobile Dealers Association (CADA).
Lang Xuehong, deputy secretary general of CADA, said that the overall situation of the vehicle industry in China has not yet returned to the levels seen before the outbreak of the coronavirus. However, he went on to state that, with effective control of the coronavirus, demand from downstream users has increased. For example, the resumption rate of auto dealer stores reached 95.5 percent as of March 31, while the recovery rate of customer flow stood at 64.0 percent, indicating that the domestic vehicle industry has gradually come back on track.