China’s average new-car day supply rose to 44 days in July from 41 days in June as a severe heat wave sweeping a wide swath of the country made local car shoppers reluctant to visit dealerships, the China Automobiles Dealers Association said this week.
Last month, stockpiles at stores marketing Chinese brands increased to 47 days from 43 days in the previous month, according to the tally of the China Automobiles Dealers Association.
Inventories at dealerships stocking China-built, foreign mass-market brands climbed to 46 days from 42 days a month earlier.
Luxury brands were an exception, edging down to 34 days from 35 days in June.
Since late June, a blistering heat wave has gripped central and southwestern regions in China, sending local temperatures to historical highs.
The scorching heat has not only made residents in these areas shun outdoor activities, but forced two major cities in southwest China – Chengdu and Chongqing -- to ration electricity for automakers and other industrial companies.