崔东树：2025年4月月末全国乘用车行业库存350万辆

Core Insights - The inventory of the passenger car industry in China reached 3.5 million units at the end of April 2025, an increase of 150,000 units from the previous month and 120,000 units from April 2024, indicating a continuous rise in industry inventory [1] - Current policies have led to overall optimism among manufacturers, with higher production levels post-Spring Festival and active wholesale activities, resulting in a significant inventory buildup [1] - April 2025 marked the highest inventory level for this month historically, and as sales are expected to decline seasonally from May to July, the overall inventory pressure has slightly increased compared to previous years [1] Inventory and Sales Analysis - The estimated inventory level at the end of April 2025 supports a sales duration of 57 days, which is an increase from 55 days in April 2023 and 52 days in April 2024, indicating a slight rise in inventory pressure [1] - The industry is experiencing a trend of increasing inventory levels, which may impact future sales performance as the market enters a seasonal downturn [1]