Dealership stockpiles dip on strong buying ahead of New Year holiday

Dealership stockpiles dip on strong buying ahead of New Year holiday https://ift.tt/3puYjdD

Inventories at new-vehicle stores dropped across multiple brands in January because of strong purchases prior to the lunar New Year holiday that began on February 11. The average backlog at new-car dealerships declined to 46 days in January, from 54 days in December, according to the China Automobiles Dealers Association.