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Channel Stuffing Breaks Dealers' Backs In China. In America, The Picture Is Even Worse
China’s car dealers’ “backs are broken,” Luo Lei, deputy secretary general of the C hina Automobile Dealers Association told Bloomberg. “Dealers can’t shoulder the burden anymore.” They are overstuffed with cars. Average inventory at Chinese dealerships stands at more than two months of sales at the end of May up from a 45 day inventory by the end of April. It could be worse: In America, inventories are way ahead of China.
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