Dealership inventories across China averaged 41 days in May, down from 46 days in April, as consumers flocked to dealerships stocked with new products, according to the China Automobile Dealers Association.
The dealer group attributed the decline in stockpiles to strong sales generated by new models launched at the Beijing auto show in April.
Dealership stockpiles of domestic Chinese brands dropped to 52 days in May from 60 days in April. Inventories of foreign-brand vehicles built in China declined to 38 days, down from 44 days.
Stockpiles of imported vehicles were unchanged at 46 days compared with the previous month.
In May, SAIC Motor Corp.’s Roewe brand had the highest dealership inventories, with a 72-day backlog. It was followed by Changan, which had a 60-day stockpile.