China car sales could drop by more than half in Feb, factory shutdowns start to disrupt global supply chain

 

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China’s auto sales could drop by more than half in February due to the coronavirus outbreak, said the UBS. The shutdowns of auto part factories in China have started to disrupt global supply chain.

Before the coronavirus outbreak, auto sales had been expected to return to growth this month after declining for several months in a row, but the epidemic has changed the expectations.

“Car sales in February is likely to drop by more than half,” Gong Wen, analyst at UBS, said on Monday. “Most automakers have canceled performance evaluation on dealers to take . . .

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