China's vehicle inventory alert index down in March

Source: Xinhua| 2019-04-03 18:36:58|Editor: mingmei
Video PlayerClose

BEIJING, April 3 (Xinhua) -- China's Vehicle Inventory Alert Index, which reflects the inventory pressure of automobile dealers, dropped 8.3 percentage points month on month in March, new data showed.

The index stood at 55.3 percent last month, down from 63.6 percent in February and 58.9 percent in January, according to the China Automobile Dealers Association.

A higher reading indicates weaker market demand, higher inventory pressure and greater risks.

On a year-on-year basis, the index was up 3.2 percentage points, mainly affected by the week-long Spring Festival holiday in February, said Lang Xuehong, the association's deputy secretary general.

The index has stayed above 50 percent for 15 consecutive months since the beginning of last year, according to the association.

Last year, China's total auto sales reversed a yearly rising trend with a 2.76-percent decline, according to the China Association of Automobile Manufacturers.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001379469261
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲稚嫩视频在线 | 香蕉精品高清在线观看视频 | 中文字幕制服综合第一页 | 精品国产在天天在线观看 | 日本最新免费的一区二区 | 亚州最新精品一区二区三区 |