Press "Enter" to skip to content

China’s passenger car sales fell the most since 2005 in Jan, could drop more than 30% this month

CHECK THE WIRE FOR REAL-TIME NEWS UPDATES

China’s automobile sales dropped significantly in January and industry body estimates the sales this month could drop by as much as 30 per cent due to Lunar New Year holidays that started earlier than last year and the coronavirus outbreak.

Preliminary data shows that automobile sales tumbled 18 per cent in January from a year earlier while sales of new-energy vehicles plunged 54.4 per cent, down for a seventh consecutive month, said the China . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting with details, data and perspectives you don't read elsewhere
  • THE WIRE - a real-time financial news platform focused on China
  • Daily Brief newsletter to get you prepared for every trading day
  • An indispensable and reliable source of information on China's economy and financial markets

FREE TRIAL cancel anytime

 

We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.

 

Already have an account? Sign In

Top