The average backlog at new-vehicle stores in China stood at 44 days in August, unchanged from a month earlier, with showroom traffic curtailed by heat waves and sporadic coronavirus outbreaks in several regions.
Dealerships marketing luxury brands and imported vehicles had a 34-day supply of cars and light trucks at the end of August, essentially the same as July levels, according to a tally from the China Automobiles Dealers Association.
Inventories at stores distributing China-built, foreign mass-market brands remained at 46 days for the second consecutive month.
Stockpiles at stores marketing Chinese brands also remained unchanged at 47 days.
As the third quarter draws to an end, carmakers likely will ship more vehicles to dealerships in September to achieve sales goals for the period, the CADA said last week.
According to a survey it carried out earlier this month, 32 percent of new-car dealerships expect their inventories in September to increase by up to 5 percent from August.
Another 33 percent of the dealerships it surveyed believe their backlogs will climb by 5 percent to ten percent this month from August levels, the trade group said.