CAAM: It expects to sell about 25.8 million vehicles in 2021

According to the latest issue of the "China Auto Dealer Inventory Early Warning Index Survey" VIA released by the China Automobile Association recently, the inventory warning index of automobile dealers in December 2021 was 56.1%, down 4.6 percentage points year-on-year and up 0.7 percentage points month-on-month, and the inventory warning index was above the boom-bust line. Dealers actively stock up for the peak sales season, and the further recovery of inventory has also brought certain financial pressure. The tightening of epidemic prevention and control, the cold weather, and the reduction of consumers' purchase of cars in stores have had a certain impact on sales. It is difficult for December to have a tail effect like in previous years. Vehicle sales are expected to be about 25.8 million units in 2021, basically the same as in 2020, and passenger car sales are about 21 million units, compared with 20 million units last year, a slight increase of less than 5%.