Cui Dongshu of China Passenger Car Association: Passenger Car Industry Inventory Reaches 3.16 Million Units With 42 Days of Inventory at End of August, Down 4 Days Month-on-Month

On September 16th, Cui Dongshu, the secretary-general of the Passenger Car Association, stated that at the end of August 2025, the national passenger car industry's inventory stood at 3.16 million units, a decrease of 130,000 units from the previous month. In April, the industry's inventory reached 3.5 million units, setting a new high for nearly two years. The retail car market was driven by trade-ins, but manufacturers were relatively cautious in production. From May to August, car companies were more rational in controlling production and reducing the inventory pressure on dealers, resulting in a continuous destocking from May to August. In August, the overall inventory of the passenger car industry decreased to 3.16 million units, which was a relatively small decline. Among them, the proportion of factory inventory was 23.9%, an increase of 0.3 percentage points from the previous month, and the main decline in industry inventory was due to channel inventory, with dealer pressure being alleviated.