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Reuters

Car sales in China fell 18.7 per cent in January, more than expected and marking the industry’s 19th consecutive month of sales decline, data from the country’s biggest auto industry association showed on Wednesday.
The China Association of Automobile Manufacturers (CAAM) posted on its official WeChat account that new energy vehicle sales during the month fell 51.6 per cent year-on-year, adding that declines in China’s car production and sales levels will be more significant in February due to the coronavirus outbreak.
The association had said on February 13 that it was expecting total car sales in the world’s biggest auto market to fall 18 per cent in January from the same month a year earlier.
The industry is bracing for the impact of a coronavirus epidemic that has killed more than 2,700 people and infected over 80,000 around the world.
Local governments began imposing travel curbs and warning residents to avoid public spaces in the last two weeks of January, and industry executives said the epidemic was likely to wreak havoc on car sales and production in the first quarter.


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Automotive industry

China’s car sales in January slide for 19th consecutive month as coronavirus puts brakes on economy

China’s car industry is bracing for the impact of a coronavirus epidemic. Photo: Reuters

China’s car sales collapsed in January, posting a decline of 18.7 per cent. Photo: Xinhua

Coronavirus: China’s economy  lost US$196 billion in January, February, says ex-IMF official

The coronavirus outbreak in China sparked a huge dip in consumer spending. Photo: Reuters

The coronavirus outbreak in China sparked a huge dip in consumer spending. Photo: EPA

Coronavirus: China’s car sales collapse, as officials warn of sharp trade decline to come

A couple wearing protective face masks walks in the empty shopping area of Sanlitun in Beijing. Photo: EPA-EFE

Commuters make their way along an expressway during rush hour in Beijing. Photo: AP

China manufacturing outlook worsened in January, even before coronavirus outbreak

The Caixin manufacturing purchasing managers’ index (PMI), a survey of small, private producers in China was 51.1 in January, with anything above 50 indicating growth, according to a data release on Monday. Photo: Xinhua

China’s industrial profits – the money made by its largest industrial firms – fell by 3.3 per cent in the whole of 2019. Photo: Reuters

China’s historic car market decline continues as US trade war and emissions clampdown hit sales

China's sales of sedans, sport utility vehicles, minivans and multipurpose vehicles in July fell 3.9 per cent from a year earlier to 1.53 million units. Photo: He Huifeng

China's sales of sedans, sport utility vehicles, minivans and multipurpose vehicles in July fell 3.9 per cent from a year earlier to 1.53 million units. Photo: AP

Economy

China Economy

Global Economy

Business


Car sales fell 18.7 per cent in January, worse than expected, as the novel coronavirus took a toll on China’s economy
China, the world’s biggest car market, is bracing for even worse results in the months to come



China, the world’s biggest car market, is bracing for further declines in car sales and production levels as the coronavirus epidemic continues to disrupt the economy.
