【库存指数】2025年8月中国汽车经销商库存预警指数为57.0%

Core Viewpoint - The latest Vehicle Inventory Alert Index (VIA) indicates a slight increase in the inventory warning index for Chinese auto dealers, suggesting a decline in the overall market sentiment within the automotive circulation industry [2][4]. Summary by Sections Market Overview - In August, the automotive market operated steadily despite challenges from adverse weather conditions affecting consumer demand. The second half of the month saw a recovery in demand due to seasonal factors and promotional activities [4]. - The introduction of new subsidies and the resumption of local incentives helped alleviate consumer hesitation, leading to a rebound in market demand [4]. Dealer Challenges - Dealers continue to face significant pressure due to macroeconomic downturns and low consumer confidence, resulting in prolonged car purchase cycles and lower-than-expected transaction conversions [4]. - Over 75% of dealerships reported negative impacts from recent policy adjustments, with nearly 30% experiencing sales declines exceeding 15% [4]. Inventory and Regional Analysis - The national inventory warning index for August stands at 57.0%, with regional indices showing variations: North at 57.8%, East at 55.2%, West at 65.7%, and South at 53.7% [6]. - The index for luxury and joint venture brands decreased, while the index for domestic brands increased [9]. Future Market Outlook - September is anticipated to benefit from the traditional peak season ("Golden September and Silver October") and the full rollout of national subsidies, which may enhance consumer confidence and market performance [11]. - The automotive circulation association advises dealers to rationally assess market demand and promote trade-in policies to boost consumer confidence [11].