Lang Xuehong, deputy secretary-general of the circulation association, said that the difference between the auto market and expectations in May was relatively large, mainly because the “May 1st†holiday did not drive the growth of sales volume. In some areas entering the busy season, the rate of rural consumers visiting the store fell. In addition, the import tariff adjustment policy has lengthened the wait-and-see period for consumers and is not conducive to the overall growth of the car market.
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According to the monthly data released by the China Automobile Dealers Association (hereinafter referred to as the “Circulation Associationâ€), the inventory warning index of automobile dealers in May was 53.7%, a decrease of 0.9 percentage points from the previous month and still above the warning level. Circulation Association believes that the May stock index early warning index is still above the line, indicating that the end of the first half of this year, the dealer's overall operating conditions are not good.
