Tag: Auto Sales

Auto Sales In China Down 80% In February

March 4, 2020

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. … More Auto Sales In China Down 80% In February

China Begins To Subsidize Auto Purchases To Revive Collapsing Sales

February 18, 2020

A China Automobile Dealer’s Association poll shows that dealers predict a drastic drop in sales of 50% to 80% this month, compared to February 2019. 70% of dealers have said they have seen “almost no customers” since the end of January.  As China remains on lockdown due to the coronavirus, some Chinese cities are beginning … More China Begins To Subsidize Auto Purchases To Revive Collapsing Sales