Dealership stockpiles decline in July amid robust sales
Dealership inventories across China fell to an average of 42 days in July from 47 days in June, thanks to explosive light-vehicle sales growth last month.
In July, stockpiles of foreign-brand vehicles dropped to 39 days from 44 days in the previous month, according to the China Automobile Dealers Association.
Inventories of domestic Chinese brands declined to 51 days from 63 days in June.
But stockpiles of imported vehicles rose to 45 days in July from 41 days in the previous month.
Only two brands -- Roewe and Peugeot -- carried a dealer backlog of two months or more last month. Roewe is the brand owned by SAIC Motor Corp.
In July, China's light-vehicle deliveries surged 26 percent to top 1.6 million vehicles.
In July, stockpiles of foreign-brand vehicles dropped to 39 days from 44 days in the previous month, according to the China Automobile Dealers Association.
Inventories of domestic Chinese brands declined to 51 days from 63 days in June.
But stockpiles of imported vehicles rose to 45 days in July from 41 days in the previous month.
Only two brands -- Roewe and Peugeot -- carried a dealer backlog of two months or more last month. Roewe is the brand owned by SAIC Motor Corp.
In July, China's light-vehicle deliveries surged 26 percent to top 1.6 million vehicles.
