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IPMI and Industry News: Palladium Market News

China Car Sales Drop Record 80% as Virus Empties Showrooms

Monday, March 9, 2020   (0 Comments)
Posted by: Matt Watson
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China Car Sales Drop Record 80% as Virus Empties Showrooms

Bloomberg:  March 5, 2020


China’s car sales had the biggest monthly plunge on record as the coronavirus kept shoppers away, intensifying the pressure on automakers already battling an unprecedented slump before the outbreak.

Sales fell 80% in February, according to preliminary numbers from the China Passenger Car Association released Wednesday.


 

Article Link:  https://www.msn.com/en-us/finance/companies/china-car-sales-drop-record-80-25-as-virus-empties-showrooms/ar-BB10IHHr


 

 

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