car Sales in China plunged in January, the 19th straight month, while the number of sold cars in new sources of energy (NEV) fell for the seventh month in a row.
Total vehicle sales in China last month fell by 18% yoy to 1,941 million units, according to preliminary data China Association of automobile manufacturers (CAAM).
sales of NEV in the country in January fell by 54.4 per cent.
an Outbreak of coronavirus in China has forced some manufacturers to postpone the resumption of production after the holidays. It is expected that the epidemic will harm the sales and production of machinery in the first quarter.
last year, car sales in China fell by 8.2%, a decline was recorded for the second consecutive year.
On the performance of the world’s largest car market affected by the economic slowdown, the consequences of a trade war between Beijing and Washington, as well as the introduction of new emissions standards.
CAAM last month said it expects a decline in sales of cars in the country by 2% in 2020.