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Chinese Auto Dealers Hit Panic Button As Tax Hike Triggers “Inventory Early Warning”

Tuesday, February 7, 2017 1:34
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(Before It's News)

zerohedge.com / by Tyler Durden / Feb 6, 2017 7:45 PM

With the US automakers facing an “inventory bubble,” hope for any momentum rested squarely in the shoulders of China… until today. China Automobile Dealers Association just unleashed their “Inventory Early Warning Alert” for January 2017, citing sales-tax increase on small-engine cars and Chinese New Year holiday.

As we detailed previously, J.D.Power analyst Thomas King warned, 2016 ended with an inventory “bubble” that will require less production or more incentives to clear.

With near record high inventories of 3.9 million vehicles…

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The post Chinese Auto Dealers Hit Panic Button As Tax Hike Triggers “Inventory Early Warning” appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/02/06/chinese-auto-dealers-hit-panic-button-as-tax-hike-triggers-inventory-early-warning/

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