Average stockpiles at China’s automobile dealerships fell to a four-month low in July as carmakers shut their factories for summer maintenance, according to the state-backed industry association. Inventory levels fell to the equivalent of 1.7 months of sales in July, from 1.98 months in June, Luo Lei, deputy secretary general of the China Automobile Dealers Association said in a Sept. 1 interview in Tianjin. Average stockpiles may fall to 1.5 months of sales for the full year, Luo said. China’s biggest auto-dealer association has said that carmakers need to scale back their sales targets or sweeten incentives because ... (full story)