Shanghai October 19 (Gasgoo.com) Although Chinese automakers' inventory problems have been largely alleviated in the past months as market rebound spurred demand, as of the end of September, auto inventory excluding retail inventory still increased by 35,100 units compared to early last month, reaching 539,200 units, the China Association of Automobile Manufacturers (CAAM) said last week.
Inventory of passenger and commercial vehicles both climbed last month, of which inventory of the cross-type passenger vehicles jumped significantly, said Zhu Yiping, associate secretary-general of CAAM.
At the end of September, inventory of passenger vehicles in China came to 350,800 units, growing by 18,100 units from the beginning of last month. Of that inventory of sedans dropped 13,800 units compared with early September to 213,000 units, Zhu Yiping added.
