Core Viewpoint - The automotive circulation industry in China shows signs of improvement, with the inventory warning index for May 2025 at 52.7%, indicating a year-on-year decrease of 5.5 percentage points and a month-on-month decrease of 7.1 percentage points [1] Group 1: Market Conditions - The automotive market in May exhibited a "high at the front and low at the back" trend, driven by various auto shows and the "May Day" holiday effect, leading to a significant increase in consumer foot traffic [3] - The overall market price fluctuated greatly, with many consumers remaining in a wait-and-see state while closely monitoring the new car market [3] - The national total index for May was 52.7%, with regional indices showing varying levels of market pressure: North at 52.6%, East at 52.4%, West at 62.1%, and South at 48.1%, indicating lower activity in the southern region [5] Group 2: Dealer Insights - A survey indicated that 51.6% of dealers believe prices will decrease, while 45.2% think prices will remain stable, and only 3.2% expect price increases [7] - The overall transaction rate among dealers in May showed a decline, with 27.4% of dealers reporting a decrease in transaction rates, 56.1% stating it remained stable, and 16.6% noting an increase [6] - Inventory levels remained stable, with 61.8% of dealers reporting inventory levels as unchanged, while 17.2% noted a decrease [8] Group 3: Future Outlook - Dealers expressed a pessimistic outlook for June, with 41.4% expecting a decrease in market demand and 68.2% rating their operational status as average [9] - The market is anticipated to improve due to promotional strategies for the upcoming 618 shopping festival, with 54.8% of 4S stores preparing for activities [10] - Despite the challenges, consumer confidence is expected to rebound, supported by policies like trade-in incentives and new car launches [10]
5月汽车经销商库存预警指数为52.7%，接近荣枯线
Zhong Guo Qi Che Bao Wang·2025-06-09 09:16