Jinwu Financial News | The auto dealer sector is improving. Meidong Auto (01268) rose 4.47%, Zhongsheng Holdings (00881) rose 4.29%, Zhengtong Auto (01728) rose 1.67%, and Yongda Auto (03669) rose 1.22%.
The China Automobile Dealers Association released the results of the “Auto Dealer Inventory” survey for December 2023: The comprehensive inventory coefficient for car dealers in December was 1.20, down 16.1% from the previous month and up 12.1% year on year. The inventory level was below the warning line, and the automobile distribution industry was booming.