Stockpiles at new-vehicle dealerships dropped to a 45-day supply in April from 53 days the previous month, the China Automobile Dealers Association said on Thursday.
It was the second-sraight monthly decline in dealership inventories tracked by the trade group after China abandoned strict pandemic controls in December.
In April, inventories at stores stocking luxury brands and imported vehicles decreased to a 29-day supply from 38 days in March.
The average backlog at stores under Chinese brands slid to 38 days from 39 days the previous month.
Stockpiles at dealerships marketing foreign mass-market brands producing in China dipped to 50 days from 62 days a month earlier.
Last month, dealerships at SAIC Motor Corp.’s Roewe brand carried the highest average inventory at 76 days.
They were followed by Buick and Nissan dealerships, which reported an average backlog of 74 days and 71 days, respectively, according to the CADA’s tally.