The average backlog reported by car dealerships in China dipped to a 42-day supply in October from 45 days the previous month.
The decline came after stores with Chinese brands and domestically built global mass-market marques offered steeper discounts to help hit annual sales targets, the China Automobiles Dealers Association said.
Dealerships under Chinese brands carried an average supply of 47 days from 55 days in September.
Average inventories at stores distributing domestically assembled foreign mass-market brands also dipped to 37 days from 44 days in the previous month.
By contrast, stockpiles at dealerships marketing luxury brands and imported foreign brands rose to 43 days from 36 days in September.
In October, the highest average dealership backlog, at 66 days, was recorded at Jaguar Land Rover stores. It was followed by Infiniti dealers, with a 65-day supply and Great Wall Motor Co.’s premium brand Wey, with an average supply of 62 days, according to CADA.
