China’s auto sales tumbled 78% in February, full-year sales to drop 8%

 

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China's auto sales tumbled nearly 80 per cent in February as the coronavirus outbreak kept consumers away from showrooms. Industry body expects the full-year sales to decline by 8 per cent and the drop could be even larger without government stimulus measures.

China's passenger car sales slumped 78.5 per cent in February from a year earlier to about 252,000 vehicles, said China Passenger Car Association. For the first two month, car sales declined 41 per cent from the same period last year.

“Dealers returned to work gradually in the first . . .

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