Inventories at new-vehicle stores dropped across multiple brands in January because of strong purchases prior to the lunar New Year holiday that began on February 11.
The average backlog at new-car dealerships declined to 46 days in January, from 54 days in December, according to the China Automobiles Dealers Association.
Inventories at stores stocking locally produced, foreign mass-market brands averaged 46 days, as compared to 57 days the previous month.
Dealerships marketing Chinese brands saw their average supply dip to 52 days, from 62 days in December.
Average stockpiles at stores distributing luxury brands and imported foreign brands also slid to 40 days, from 42 days a month earlier.
In January, the highest average backlog, at 78 days, was reported by Kia dealerships. It was followed by 71 days at Skoda stores, and 69 days at Infiniti stores, according to CADA.