Zhitong Financial APP learned that car dealers fell again. As of press time, Eastern Motor (01268) fell 7.73% to HK $3.82, Zhongsheng Group (00881) fell 5.9% to HK $19.62, Guanghui Baoxin (01293) fell 4.13% to HK $0.209, and Yongda Motor (03669) fell 3.05% to HK $2.86.
On the news side, the China Automobile Circulation Association released the survey results show that in September, the comprehensive inventory coefficient of car dealers was 1.51, down 1.9% from the previous month, up 2.7% from the same period last year, the inventory level was above the warning line, and the inventory pressure of dealers improved.
Overall, the auto market stabilized and rose in September, with passenger car terminal sales expected to be about 2 million units in September, according to the China Automobile Circulation Association, which estimates that the total inventory of car dealers at the end of September is about 3 million. Car sales in October are expected to be the same as in September, flat or fluctuating slightly compared with September.