【库存指数】2025年4月中国汽车经销商库存预警指数为59.8%

Core Viewpoint - The latest Vehicle Inventory Alert Index (VIA) indicates that the Chinese automotive circulation industry is currently in a downturn, with an index of 59.8% in April 2025, reflecting a year-on-year increase of 0.4 percentage points and a month-on-month increase of 5.2 percentage points [2]. Inventory and Market Conditions - The automotive market showed weak performance in early April due to seasonal agricultural activities in the north and delayed consumption in some southern regions. The Shanghai International Auto Show later in the month brought new vehicle releases, which temporarily boosted consumer interest but also led to a short-term wait-and-see attitude among buyers [3]. - 58.2% of dealers reported a decline in sales for April, with 38.4% indicating a drop of over 5%. Only 18.5% believed sales increased month-on-month. The overall impact of the auto show on sales will gradually be realized post-event [3][5]. Regional and Brand Performance - The national index for April stands at 59.8%, with regional indices showing variations: North at 59.5%, East at 60.8%, West at 58.8%, and South at 57.1% [7]. - The index for luxury/imported, joint venture, and independent brands increased month-on-month, indicating a mixed performance across different brand types [9]. Future Market Expectations - With the upcoming May Day holiday and various auto shows, marketing activities are expected to enhance consumer interest and purchasing enthusiasm. Dealers have a slightly more optimistic outlook for May compared to April [9]. - The China Automobile Dealers Association suggests that due to increasing market uncertainties, dealers should rationally assess actual market demand and enhance promotion of vehicle replacement policies to boost consumer confidence [9].