With the arrival of summer, traditionally a slack season for sales, new-vehicle dealerships in China saw their average backlog rise to a nearly two-month supply in July.
Average stockpiles at dealerships increased to 57 days last month, up from 52 days the previous month, the China Automobile Dealers Association said.
Stores marketing Chinese brands reported the biggest inventory burden, at 64 days’ supply, up from 62 days in June.
The average backlog of dealerships stocking domestically built, foreign mass-market brands grew to 59 days from 53 a month earlier.
Inventories at stores distributing luxury brands and imported foreign brands jumped to 50 days from 41 the previous month.
The highest average dealership backlog in July, at 106 days, was reported by Jaguar Land Rover.
It was followed by a 92-day supply of vehicles at Beijing Hyundai stores – Hyundai Motor Co.’s joint venture with BAIC Motor Co. – and an 89-day supply at Geely Automobile Holdings, a leading domestic Chinese carmaker.