The independent brand dealers pessimistic expectations of the price

The index released by the North Asian Auto Market shows that the price risk index continued to fall in May. After experiencing the panic price diving expectation at the beginning of the year, the market’s judgment on the trend of car prices gradually returned to rationality, but the overall price of automobiles remains a downward trend. The self-owned brand dealers are most pessimistic about future price judgments, with 60% judging that car prices will continue to fall in May; dealers of joint-venture brand cars believe that the ratio of price stability is the highest, nearly half.

In May, the operating confidence index of auto dealers continued to rise, but the business confidence index was still at a low value, and dealers’ operating confidence was still insufficient. The earnings confidence index is lower than the sales confidence index. The dealers are still in a loss-making business as a whole.

In April, the number of new car transactions in Beijing exceeded 30,000 units, but there was no expected pre-holiday surprise car purchase. Consumers with car purchase indicators still hold a wait-and-see attitude. In May, the car consumption market in Beijing is expected to remain tepid.