China car sales fall 92% as coronavirus keeps buyers home

Video Credit: Reuters Studio - Duration: 01:01s - Published < > Embed
China car sales fall 92% as coronavirus keeps buyers home

China car sales fall 92% as coronavirus keeps buyers home

Auto sales in China, the world's largest market, have slumped as coronavirus fears keep buyers at home.

Julian Satterthwaite reports.

0
shares
 

China car sales fall 92% as coronavirus keeps buyers home

Chinese cities now look like ghost towns as coronavirus fears keep shoppers at home.

That's hit businesses of all kinds - not least, it seems, car dealers.

Auto sales in China - the world's largest market - tumbled 92% in the first half of February.

That's according to figures from an industry group.

Fewer than 5,000 vehicles were shifted during the period, compared to almost 60,000 in the same period last year.

The slump has sparked innovation at some firms. Chinese automaker Geely has launched a new online shopping tool for its cars.

The firm had previously sold vehicles through web platforms like Tmall and JD.com.

Now for the first time it's doing so through its own web site.

Looking further ahead, the slump should at least ease off.

Over the first half, the Chinese Association of Automobile Manufacturers predicts a 10% decline on the year.




You Might Like


Tweets about this

Frederic_Brunel

Frederic Brunel BBC News - Coronavirus: Car sales in China fall 92% in February #COVID19 https://t.co/TOAhPZG5Qw 28 seconds ago

RioRio101

りぉりぉ.:。+゚ RT @BB45_Colorado: "Coronavirus: Car sales in China fall 92% in February - BBC News" https://t.co/K84HbSwa2y ←大崩壊 1 minute ago

AishaDudhia

Aisha Dudhia RT @AshbourneEconA2: #ECON4 External shocks - Coronavirus: Car sales in China fall 92% in February https://t.co/c3JwHy48B1 5 minutes ago

sportsnews135

World News Read Most In 24 hours Car sales in China fall 92% as coronavirus hits https://t.co/TrmPNCb1hv https://t.co/6jRwWE8642 12 minutes ago

alfredo_igor

Alfredo Garcia RT @business: #Coronavirus latest: -China cases top 75,000, death toll rises to 2,236 -China car sales fall 92% on virus impact -Shandong… 24 minutes ago

RohitKu05269047

Rohit Kumar Agarwal RT @next_china: #Coronavirus latest: -China cases top 75,000, death toll rises to 2,236 -China car sales fall 92% on virus impact -Shandon… 34 minutes ago