中国汽车流通协会：4月份汽车经销商综合库存系数为1.41 同比下降17.1%

Group 1 - The core viewpoint of the article indicates that the inventory coefficient of automobile dealers in April 2025 has decreased both month-on-month and year-on-year, reflecting a reasonable inventory level below the warning line [1][2] - The comprehensive inventory coefficient for April is reported at 1.41, which is a 9.6% decrease from the previous month and a 17.1% decrease from the same month last year [1][2] - The estimated terminal sales of passenger cars in April are approximately 1.75 million units, leading to an estimated total inventory of around 2.47 million units at the end of April, which is a decline from the previous month [1] Group 2 - The inventory coefficients for high-end luxury and imported brands have decreased, while the inventory coefficient for domestic brands has increased [5] - The inventory coefficient for high-end luxury and imported brands stands at 1.33, reflecting a 23.1% decrease; the joint venture brands have an inventory coefficient of 1.37, down 21.7%; while domestic brands have an inventory coefficient of 1.47, which is a 7.3% increase [7] Group 3 - In April, 11 brands had inventory coefficients exceeding 2 months, with the highest inventory depth brands being GAC Trumpchi, SAIC General Chevrolet, and Jaguar Land Rover [8] Group 4 - The article expresses cautious expectations for market demand in May 2025, suggesting that dealers should rationally estimate actual market demand and control inventory accordingly [9] - Various regions in China are hosting large auto shows during the "May Day" holiday, which, along with government consumption vouchers and trade-in subsidies, is expected to accelerate car purchase demand [9]