text: Original by Dongchedi Cailimei
[Original by Dongchedi Industry] Recently, the latest issue of the "China Automobile Dealer Inventory Alert Index Survey" VIA (Vehicle Inventory Alert Index) released by China Automobile Dealer Inventory Alert Index released by China Automobile Dealer Inventory Alert Index, VIA (Vehicle Inventory Alert Index) shows that in October 2022 China Automobile Dealer Inventory Alert Index was 59.0%, up 6.5 percentage points year-on-year and 3.8 percentage points month-on-month. The inventory warning index is above boom and bust line .
According to the principle of PMI compilation, the inventory warning index adopts the method of compiling the expansion index, with 50% as the boom and bust line. Below 50% are within a reasonable range. The higher the inventory warning index, the lower the market demand, the greater the inventory pressure, and the greater the operating pressure and risks.
Circulation Association analyzed that due to the impact of the epidemic in October, the demand for the automobile market has weakened, showing the characteristics of "not prosperous in peak season". "Due to the outbreak of the epidemic this month, dealers in many places are unable to carry out promotional activities, and the automobile market is relatively silent, causing sales losses to a certain extent. At the same time, the purchase tax tax reduction policy has driven the automobile consumption demand from June to September, and the effective market demand in October is also relatively low."
At the same time, the Circulation Association predicts that 's automobile terminal sales in October are lower than expected, and is expected to be about 1.85 million .
From the brand type index
In addition, the report also shows that the index of imported and luxury brands, independent brands, and mainstream joint venture brands rose month-on-month in October.
looks forward to market performance in November. Circulation Association expects that in November, if the epidemic situation improves, demand for the automobile market will recover quickly. Manufacturers and dealers have entered the sales target sprint stage. At the same time, as the implementation of the halving policy for automobile purchase tax is coming to an end, there will be a relatively obvious tail-down trend in automobile sales.
"There will be a relatively obvious tail-up market for automobile sales"
China Automobile Dealers Association recommends that the uncertainty of the automobile market in the future will increase. Dealers should rationally estimate actual market demand based on actual conditions, reasonably control inventory levels, and never relax epidemic prevention.