Yesterday, the circulation association released data showing that the dealer inventory warning index was 49.9% in November, down 1.6 percentage points from the previous month and was below the warning line.
Since July this year, the index has been below the warning line for several consecutive months. Although there was a slight adjustment in October, the general trend of the automobile market continued.
Lang Xuehong, deputy secretary-general of the circulation association, said that in November, although some consumers were holding money for purchase, waiting for the end of the year, but the purchase tax is about to expire and the stimulation of some manufacturers' new models, the market demand in November continued to 10 Monthly growth. However, due to the increase in the number of dealers picking up vehicles in the fourth quarter, in order to increase sales, some dealers began to cut prices, and dealer inventory pressure is still relatively large.
In December, the auto market entered the stage of sales at the end of the year, and it is expected that the car sales will continue to increase, but in order to complete the annual sales target of the manufacturers, the pressure on the dealers will also increase.
In terms of used cars, in October, the market volume of used cars in the country was 851,100, the transaction volume decreased by 0.89%, and the monthly growth rate was 22.89%. The transaction volume was 50.955 billion yuan, a decrease of 10.59% from the previous month. From January to October, the cumulative transaction volume of used cars was 8.27 million, with a cumulative year-on-year increase of 9.57%.
Xie Yanming, deputy director of the second-hand car professional committee of the circulation association, said that from the end of this year, there are still 11 or 12 months left. From the current situation, the domestic second-hand car market transaction volume is expected to exceed 10 million mark this year.
In terms of regions, in October, East China accounted for the largest proportion, accounting for 31.39%, followed by Zhongnan District with 20.09%, North China with 18.63%, Southwest with 15.23%, Northeast with 8.06%, and Northwest with 6.04%. The East China and North China regions of the region accounted for 50.52% of the total transaction volume.
In October, the basic passenger car remained the main circulation model, accounting for 60.07%, followed by passenger cars 9.51%, trucks 8.66%, SUV 7.35%, MPV 6.85%; compared to September 2016, second-hand passenger use The overall market share of the car has increased, while the second-hand commercial vehicles have performed poorly in October and the proportion has decreased.
In terms of the service life of used cars, the transaction volume was the highest in 3-6 years, accounting for 49.08%; followed by 21.88% in 6-10 years, 21.42% in 3 years, and 7.63% in 10 years.
In October, the second-hand car price range was the largest in the vehicle market of 30,000-50,000 yuan, which was 23.03%. Vehicles with used car prices below 80,000 yuan accounted for 65.10%.
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