China Passenger Car Association Secretary-General Cui Dongshu: Overall inventory of the national passenger car market enters destocking cycle

According to the changes in the national passenger car industry inventory reported by China Passenger Car Association, the overall inventory of the national passenger car industry decreased by 1% year-on-year in October, indicating that the overall industry is currently in a destocking cycle. Specifically, the mainstream fuel passenger car industry inventory decreased by 6% year-on-year in October, indicating that the overall mainstream fuel passenger car industry is currently in a destocking cycle. The new energy passenger car industry inventory increased by 81% year-on-year in October, indicating that the overall new energy passenger car industry is currently in an accumulation cycle.

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