Inventory Coefficient of Importing Brands Rises 0.99

(China Glass Network) The “Inventory Survey Results of Automobile Dealers” of September published by China Automobile Dealers Association shows dropping in inventory of automobile industry. The reasons cause falling in inventory coefficient are mainly from the marketing efforts of the dealers, macro-economy and support policies. By sales target adjustment to Chinese market by multinational corporations, inventory coefficient of importing brands rises 0.99, however. Although the market has been influenced by the decreasing demand, situation of later market is still unstable. Inventory in North China areas are increasing gradually, which will drive falling of the price in the future. Manufacturers of other areas also keep cautious attitude with the future market. It’s expected that the enterprises will concentrate on drawing down inventories and keep the market price stable this week. Source: GlassInChina