December inventory warning index is 55.5%

According to the "Vehicle Inventory Alert Index" published by the China Automobile Dealers Association, the Inventory Inventory Early Warning Index for China's Automobile Dealers VIA (Vehicle Inventory Alert Index) shows that the inventory warning index for December 2014 was 55.5%, down 10.2 percentage points from the previous month.

The inventory warning index of China's auto dealers in December 2014 was 55.5%, a decrease of 10.2 percentage points from the previous month. It is still above the warning level. Dealers believe that inventory pressure in December is slightly eased compared to the previous month. Better than last month.

From the five subindexes that constitute the early warning index, the total market demand, sales index, and business condition index have increased, and the employee index has dropped slightly. Dealers generally believe that total demand growth in December, sales increased significantly, inventory increased slightly.

The specific sub-index changes are as follows:

In December, the total market demand index was 62.2%, a year-on-year increase of 28.4 percentage points. According to the survey, dealers believe that the proportion of total demand “growth” has increased from 21.1% in the previous month to 52.0%; the proportion of total demand “basically flat” has been reduced from 43.2% to 30.4%; and the total demand is considered to be “declining”. The proportion decreased from 35.8% to 17.6%.

In December, the inventory index was 68.8%, up 0.2% from the previous quarter. According to the survey, dealers believe that the proportion of “increase” in inventories has increased from 35.8% to 40.0%, that of “substantially flat” to 38.4% from 46.3%, and that “decrease” has increased from 17.9% to 21.6%.

In December, the sales index was 59.0%, an increase of 20.9 percentage points from the previous quarter. Survey shows that dealers believe that the average daily sales “increased” from 25.3% to 45.6%; “basically flat” from 42.1% to 37.6%; and that the daily sales “decline” from the previous month’s 32.6% fell to 16.8%.

In December, the employee index was 36.8%, a decrease of 2.5 percentage points from the previous quarter. The survey shows that dealers believe that the proportion of “decrease” in employees has increased from 10.5% in the previous month to 16.0%; the percentage of “increasing” has been increased from 5.3% in the previous month to 6.4%; 84.2% of the month fell to 77.6%.

In December, the business condition index was 31.8%, a 5.2% increase from the previous quarter. According to the survey, the number of companies with “normal” operating conditions dropped from 66.3% to 65.6%; the proportion of “good” operations increased from 3.2% in the previous month to 8.0%; the proportion of “bad” operations was from 30.5% in the previous month. It fell to 26.4%.