中国汽车流通协会：5月份汽车经销商综合库存系数为1.38 环比下降2.1%

Group 1 - The core viewpoint of the article indicates that the inventory level of automobile dealers in China is within a reasonable range, with a comprehensive inventory coefficient of 1.38 in May 2025, showing a month-on-month decrease of 2.1% and a year-on-year decrease of 4.2% [1][2] - In May, the automotive market experienced a "high-low-high" trend, driven by various factors such as the concentration of family car purchases during the holiday season and the implementation of policies promoting trade-ins and local consumption [4] - The total inventory of automobile dealers at the end of May is estimated to be around 2.55 million vehicles, remaining stable compared to the previous month, while the inventory level has been continuously decreasing over the first four weeks of May [4] Group 2 - The inventory coefficients for high-end luxury and imported brands decreased month-on-month, with high-end luxury and imported brands at 1.31 (down 1.5%) and joint venture brands at 1.21 (down 11.7%), while the inventory coefficient for domestic brands increased to 1.51 (up 2.7%) [5][7] - Looking ahead to June, the automotive industry is expected to enter a traditional off-season, with a potential decrease in consumer foot traffic, although there are still supportive factors such as the Dragon Boat Festival travel demand and the consumption potential from graduation season [8] - The China Automobile Dealers Association suggests that dealers should rationally estimate actual market demand and enhance the promotion of trade-in and scrapping policies to boost consumer confidence while prioritizing cost reduction and efficiency [9]