New car sales in China Approximately 25% decrease in the first half of the year New Coronavirus March 24 13:05
Estimates have shown that in the first half of the year, new car sales in China will be about 25% lower than at the same time last year due to the spread of the new coronavirus infection in China, the world's largest car market.
The estimate was compiled by the Chinese Automobile Manufacturers Association, which is made by Chinese automakers, by April 24.
That said, even if the spread of the new coronavirus was suppressed by the end of this month, new car sales in the first quarter from January to this month were down about 45% from the same time last year, However, unit sales in the first half until June are expected to decrease by about 25%.
The association says consumers will be more willing to buy after the infection has been controlled, but they also say that "annual sales are not optimistic."
New car sales in China have fallen for the second consecutive year to approximately 25.77 million units last year, more than 3 million less than the peak three years ago.
If sales in China, the world's largest car market, decline further, the performance of automakers in Japan and other countries is likely to be affected.