On August 31, 2026, the latest VIA “Auto Dealer Inventory Warning Index Survey” released by the China Automobile Dealers Association showed that in August 2026, the car dealer inventory warning index was 62.3%, up 5.3 percentage points year on year, up 1.2 percentage points from month to month, and the inventory warning index was above the boom and dry line. According to the survey, new car purchase subsidies were introduced in some regions in August, but the subsidies were limited, and the leveraging effect on terminal transactions was weak. Judging from the driving effect, only 12.9% of dealers think “the driving effect is obvious”, 37.6% think “there is a certain drive but the extent is limited”, and “there is no new subsidy policy in the region” and “almost no driving” together account for 31.2%. Judging from the nature of the impact, 32.3% of dealers believe that the subsidy “mainly has a positive effect”, and 28.0% believe that it “drives transactions in the short term but interferes with the pace of the market.” Judging comprehensively, the release of compensatory demand, the warm-up of auto shows, and policy support drove a phased recovery in the market in August, but demand for terminals is still weak. The retail volume of passenger car terminals is expected to be around 1.6 million units in August.

On August 31, 2026, the latest VIA “Auto Dealer Inventory Warning Index Survey” released by the China Automobile Dealers Association showed that in August 2026, the car dealer inventory warning index was 62.3%, up 5.3 percentage points year on year, up 1.2 percentage points from month to month, and the inventory warning index was above the boom and dry line. According to the survey, new car purchase subsidies were introduced in some regions in August, but the subsidies were limited, and the leveraging effect on terminal transactions was weak. Judging from the driving effect, only 12.9% of dealers think “the driving effect is obvious”, 37.6% think “there is a certain drive but the extent is limited”, and “there is no new subsidy policy in the region” and “almost no driving” together account for 31.2%. Judging from the nature of the impact, 32.3% of dealers believe that the subsidy “mainly has a positive effect”, and 28.0% believe that it “drives transactions in the short term but interferes with the pace of the market.” Judging comprehensively, the release of compensatory demand, the warm-up of auto shows, and policy support drove a phased recovery in the market in August, but demand for terminals is still weak. The retail volume of passenger car terminals is expected to be around 1.6 million units in August.