Home / news / China car sales tumble by 92% as coronavirus weighs on industry – The China Passenger Car Association (CPCA) said “barely anybody” had looked to buy vehicles in the first half of February. Most dealerships have remained closed as a precaution.

China car sales tumble by 92% as coronavirus weighs on industry – The China Passenger Car Association (CPCA) said “barely anybody” had looked to buy vehicles in the first half of February. Most dealerships have remained closed as a precaution.

China car sales tumble by 92% as coronavirus weighs on industry – The China Passenger Car Association (CPCA) said “barely anybody” had looked to buy vehicles in the first half of February. Most dealerships have remained closed as a precaution.

View Reddit by ManiaforBeatlesView Source

9 comments

  1. >The China Passenger Car Association (CPCA) said “barely anybody” had looked to buy vehicles in the first half of February. Most dealerships have remained closed as a precaution.

    Yeah people don’t buy cars from closed stores… Also if it’s scary enough out there that the dealership’s staff stays home as a precaution it doesn’t seem insane that people would wait a month or two to purchase that car they talked about, no? Like there are cities in China where people are not allowed to leave home, at all. Did the CPCA expect those people to mail order the bloody thing or what?

  2. I’m not aware of any time something like this has happened to a significant economy. Where the country is just closed for business for a month unexpectedly. Having hundreds of millions of people who suddenly don’t get a paycheck for a month, or having tens of thousands of businesses that have to make rent without any income, or even just trying to shut down factories and production lines that are designed to never be shut off, all represents huge issues.

    I’ve been a long time China skeptic in terms of how vulnerable their system would be to even minor disruptions (i.e. a moderate recession), and this represents a pretty significant blow. If this keeps up another month and yet they manage to get through this without too much trouble I’ll have to re-evaluate how I view their economy.

  3. If the dealerships are closed, how can they be surprised that there are no sales? Obviously, not much ealj through traffic either but…

  4. >The China Passenger Car Association (CPCA) said “barely anybody” had looked to buy vehicles in the first half of February. Most dealerships have remained closed as a precaution.

    The auto manufacturing plants were closed as well.

    https://www.reuters.com/article/us-china-health-autos-factbox/factbox-carmakers-close-chinese-factories-because-of-coronavirus-idUSKBN2020P2

  5. This week, Ralf Speth, the chief executive of Jaguar Land Rover, said the company had been forced to fly parts in suitcases from China to the UK as supplies continued to dwindle.

  6. Yet the Chinese stock market has made a full recovery. How strange

  7. 6 passenger Incubator SE.

Leave a Reply