Cui Dongshu: By the end of April 2026, the inventory of passenger cars in the country was 3.54 million, with an inventory turnover of 62 days and a satisfaction rate of 7%.

The article by Cui Dongshu, a member of the China Association of Automobile Manufacturers, stated that by the end of April 2026, there were 3.54 million units of inventory in the national passenger car industry, an increase of 90,000 units from the previous month and 40,000 units from April 2025, indicating a trend of continuous inventory growth. Manufacturer inventory accounted for 29.8%, which is relatively high. The optimism forecast for April 2026 was 36%, with a satisfaction rate of 7% in early May, indicating lower expectations and worse satisfaction due to the significant impact of high oil prices. The team's optimism for the May market has dropped to 27%, which is a relatively low level of optimism, and even after continuously lowering expectations, it has not turned into a more optimistic outlook.