China’s Passenger Car Sales Tumble 92% in First Half of Feb Due To Virus Outbreak
February 21, 2020
The Business Times
Reuters, Feb. 21, 2020
[BEIJING] Retail sales of China’s passenger car crumbled 92 per cent on an annual basis in the first 16 days of February, according to China Passenger Car Association (CPCA), as the corona-virus outbreak slammed the brakes on businesses across the country.
China’s passenger vehicle sales recorded 4,909 units in the first 16 days, down from 59,930 vehicles a year earlier, data from CPCA showed.
"Very few dealerships are opening in the first weeks of February and they have very little customer traffic,” it said.