Auto Sales In China Down 80% In February

Auto sales in China, the world’s largest passenger car market, fell 80% in February because of the coronavirus epidemic, one of the country’s industry associations said on Wednesday.

The China Passenger Car Association (CPCA) said in a statement that China’s overall passenger car sales dropped 80%, without giving a full sales figure for the month.

“Dealers returned to work gradually in the first three weeks of February and their showroom traffic is very low,” CPCA said, adding it expects February’s sales drop will be the steepest of this year.  –  Reuters