Auto Dealers Face Mounting Inventories as Sales Slow

What’s new: An index tracking Chinese auto dealers’ inventories reached an alarming 65.3% in November, reflecting weaker demand and higher risks for dealers.

The November reading of the Vehicle Inventory Alert Index published by the China Automobile Dealers Association was 9.9 points higher than at the same time last year. The index is based on the amount of dealer funds tied up in vehicle inventories as a percentage of operating cash.