The inventory coefficient of Chinese auto dealers in May was 1.74, up 1.2% from the same period last year.

Xinhua News Agency, June 10, China Automobile Circulation Association today released the results of the survey of "Automobile Dealer inventory" in May 2023: the comprehensive inventory coefficient of automobile dealers in May was 1.74, up 15.2% from the previous month, up 1.2% from the same period last year, and the inventory level was above the warning line. According to the China Automobile Circulation Association, in May, consumers' attention to the car market increased and the prosperity of the car market rebounded due to the stimulation of local auto shows and terminal subsidies, as well as the release of a number of new or new models. The dealer inventory level continued to decline in the first four weeks of May, entering the last week. In order to cope with the half-year task assessment node, the dealer replenishment motivation is strong, and the inventory level rebounds.