【库存系数】2025年5月汽车经销商库存系数为1.38

Core Viewpoint - The automotive market in May 2025 showed a decline in inventory levels, indicating a healthy demand and effective promotional strategies by dealers, despite a cautious outlook for June due to seasonal factors [2][9]. Group 1: Inventory Levels - The comprehensive inventory coefficient for automotive dealers in May 2025 was 1.38, reflecting a month-on-month decrease of 2.1% and a year-on-year decrease of 4.2%, indicating that inventory levels are below the warning line and within a reasonable range [2][3]. - The total inventory of automotive dealers at the end of May was approximately 2.55 million vehicles, remaining stable compared to the previous month [6]. Group 2: Brand Performance - The inventory coefficients for high-end luxury and imported brands decreased, with high-end luxury & imported brands at 1.31 (down 1.5% month-on-month) and joint venture brands at 1.21 (down 11.7% month-on-month) [8]. - In contrast, the inventory coefficient for domestic brands increased to 1.51, reflecting a month-on-month rise of 2.7% [8]. Group 3: Market Outlook - The automotive industry is entering a traditional off-season in June, with expectations of reduced consumer foot traffic due to high temperatures. However, holiday travel demand and promotional policies may provide some support [9]. - The association suggests that dealers should rationally estimate market demand and enhance the promotion of vehicle replacement policies to boost consumer confidence and manage operational risks effectively [9].