According to data released by the China Automobile Dealers Association on May 6, my country’s auto dealer inventory warning index was 56.4% in April, up 0.9% month-on-month, and down 0.4% year-on-year. The inventory warning index was above the line of prosperity and decline. The market is in a downturn. In terms of second-hand cars, in March, the national second-hand car market traded 1.56.9 million units, an increase of 64.24% month-on-month and an increase of 25.46% over March 2019; in the first quarter of this year, the national second-hand car market had a cumulative transaction of 3.9559 million units, an increase of 97.24% year-on-year. In 2019, it increased by 21.5%, achieving a growth that exceeded expectations.

　　According to the dealership association, the auto market in April showed a seasonal decline, and the traditional low season in the market led to an increase in the inventory warning index; because April was the busy farming season in the northern region, the number of stores and the transaction rate dropped significantly compared with March, and there were a large number of new cars at the Shanghai International Auto Show. The initial listing and the holding of local auto shows in more than May 1 places have caused consumers to stay on the sidelines, which led to a further decline in transaction volume.

　　Regarding the May market, the Distribution Association is optimistic: The National Consumption Promotion Month jointly organized by the Ministry of Commerce and the National Development and Reform Commission will continue to release growth potential; at the same time, the May Day holiday and the May wedding season may trigger a wave of car purchases, and then Increase sales. Although the current shortage of chip supply has an impact on the production of some models, the inventories of manufacturers and dealers can still meet the market demand in the next two months. If the shortage of chips is alleviated in the second quarter, terminal sales will not be affected.

　　From the perspective of sub-indices: In April, the inventory index, market demand index, and average daily sales index decreased month-on-month, while the employee index and business status index increased month-on-month. The Circulation Association believes that OEMs will introduce business policies every quarter. April is the first month of the second quarter. Before the introduction of the business policies, dealers will have less pressure to raise vehicles as a whole. Although market demand and sales have fallen, dealers have reduced inventory levels by controlling purchases, and operating conditions have slightly improved.

　　From the perspective of regional index situation: the national total index in April was 56.4%, the north district index was 52.8%, the east district index was 57.0%, the west district index was 59.1%, and the southern district index was the highest, at 62.8%, a significant increase of 8.8% from the previous month. , Mainly because sales in the southern region are greatly affected by the Ching Ming Festival.

　　From the perspective of the sub-brand index: In April, the import & luxury brand index dropped slightly from the previous month, while the independent brand index and mainstream joint venture brands increased from the previous month. Among them, the increase rate of self-owned brands was 2.8%. According to the analysis by the Distribution Association, April was the busy farming season, which had a greater impact on rural consumers' car purchases. Therefore, sales of self-owned brands decreased and inventory increased.

　　In terms of second-hand cars, my country's second-hand car market continued to improve this year. Based on the experience of previous years, the transaction volume of second-hand cars basically showed a trend of low and high, that is, the first quarter only accounted for 20%-22% of the annual transaction volume. Starting from the second quarter, the overall situation is better than the first quarter, and the transaction volume will gradually increase thereafter. , The fourth quarter of each year is the highest point of growth. The Distribution Association expressed optimism about the follow-up second-hand car market trend.

　　Due to the outbreak of the epidemic in the first quarter of last year, the volume of used car transactions in many areas in the first quarter of this year has doubled year-on-year. Among them, Guangdong, Shandong, Henan, Beijing, Yunnan and other regions all grew by more than 100% year-on-year, and Beijing's growth rate reached 269.92%. Shandong is even more focused on the market by the Circulation Association, which is regarded as "unlimited potential."

　　Overall, second- and third-tier cities are becoming the mainstream market for second-hand car transactions. In the first quarter of this year, second-tier cities accounted for 10.51% of used car sales, second-tier cities accounted for 43.31%, third-tier cities accounted for 18.28%, fourth-tier cities accounted for 16.29%, and fifth-tier cities accounted for 11.62%. The Distribution Association believes that second-tier cities have second-tier cities in second-tier cities in terms of volume of second-hand car transactions, and are currently the main active area of ​​the second-hand car transaction market, and their potential needs to be tapped.

　　Regarding the second-hand car market in April, the circulation association judged that although April is the off-season for transactions in terms of seasonal fluctuations, the Ministry of Commerce, the Ministry of Public Security, and the State Administration of Taxation jointly issued the "Regarding the Promotion of Cross-Registration of Second-hand Car Transactions" on April 7. The “Notice on Facilitating the Cross-location of Second-hand Car Transactions by the Provincial Government” will provide policy support for increasing the activity of the second-hand car trading market; taking into account other factors, it is estimated that the second-hand car transaction volume in April will be about 1.45 million, a year-on-year increase of 30%.