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Old 02-13-2020, 08:12 AM   #1
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Default China auto sales drop 18%, with coronavirus keeping buyers at home

Filed under: Earnings/Financials
BEIJING/SHANGHAI (Reuters) - China's vehicle sales likely fell by almost a fifth in January, marking a 19th consecutive month of decline, hurt by Lunar New Year holidays that started earlier than last year and by the coronavirus outbreak. The epidemic will hit auto sales and production hard in the short term, the China Association of Automobile Manufacturers said, predicting competition in the industry would get fiercer and some smaller parts suppliers could collapse. Preliminary data for JanuContinue reading China auto sales drop 18%, with coronavirus keeping buyers at home
China auto sales drop 18%, with coronavirus keeping buyers at home originally appeared on Autoblog on Thu, 13 Feb 2020 09:15:00 EST. Please see our terms for use of feeds.


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