The vehicle inventory alert index (VIA) in June was at 50.4%, still exceeding an official warning threshold, according to the China Automobile Dealers Association (CADA).
However, compared to the performance in the same period a year ago, the latest VIA represented a decline of 8.8 percentage points. It was also 3.6 percentage points lower than that of the previous month.
The resilient sales performance in June was mainly thanks to the greater discount on vehicles of China Stage 5 Emission Standard amid the transformation from China 5 to China 6 stage. Consumers bought cars for the purpose of seizing the chance of price cuts before local governments start implementing the China 6 Emission Standard from July, said the CADA.
Besides, dealers in other regions also strengthened the promotion to fulfill their semi-annual sales goal.
In June, the VIA for those regions which decided to carry out the China 6 Stage ahead of the national schedule was at 45.7%, compared with 52.4% for May. Meanwhile, the VIA for other regions was up by 1.4 percentage point over a month ago to 59.5%.
Moreover, the VIA in June for imported & premium brands, mainstream joint-venture brands and China's self-owned brands reached 50.6%, 50.6% and 50.1%, down by 3.1, 3.7 and 3.4 percentage points respectively month on month.
