Global Analysis from the European Perspective. Preparing for the world of tomorrow

China car sales plunge as virus spreads

Car sales in China fell to fresh lows in January as the coronavirus kept buyers away from showrooms, intensifying the gloom hanging over the industry.

Retail car sales fell 22 percent to 1.71 million units, the biggest-ever drop for the month of January, the China Passenger Car Association said Thursday. The group predicted a worsening outlook, saying February sales may drop more than 30 percent. Source Automotov news

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