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On February 13, figures released by the China Automobile Dealers Association indicated that the aggregate inventory coefficient for automobile dealers in January 2026 stood at 1.48. This marks a 13.0% increase from the previous month and a 5.7% rise compared to the same period the previous year. The uptick in the inventory coefficient can be attributed to policy adjustments, which have led to incomplete release of consumption ahead of the Spring Festival, along with a growing wait-and-see attitude among consumers. Notably, the inventory coefficient for high-end luxury and imported brands saw a month-on-month decrease. Conversely, the coefficients for joint venture and domestic brands experienced a month-on-month increase, with domestic brands surpassing the warning threshold.
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