Passenger vehicle sales in China plummeted by 82 per cent in February compared to a year earlier, as the coronavirus has sharply deepened a downturn in the world’s largest car market.
Automakers are bracing for a long wait until recovering in the China market, due to the knock-on effects of the virus, which has caused production shutdowns, emptied dealerships and distrusted supply chains.
Last month, the outbreak led China association of automobile manufacturers, or CAAM, a leading industry body, to lower its sales prediction for 2020 to negative growth of 5 per cent, locking in a third year of contraction.
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