Coronavirus outbreak takes a toll, China auto sales likely plunged 18% in Jan

Car sales in China plunged to fresh lows in January as the coronavirus kept buyers away from showrooms, intensifying the gloom hanging over the indust
...
Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of Beijing, China January 25, 2019. REUTERS/Jason Lee/Files (REUTERS)
Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of Beijing, China January 25, 2019. REUTERS/Jason Lee/Files

Auto sales in China are likely to have fallen 18% in January, their 19th consecutive month of decline, an industry body said as the outbreak of the new coronavirus began to hit the industry.

Sales of new energy vehicles (NEVs) plunged 54.4%, down for a seventh month in a row, preliminary data from China Association of Automobile Manufacturers (CAAM) showed.

Local governments began imposing travel curbs and warning residents to avoid public spaces in the last two weeks of January, and industry executives said the epidemic was likely to wreak havoc on auto sales and production in the first quarter.

Also check these Cars

Find more Cars
Tesla Model 3 (HT Auto photo)
UPCOMING
BatteryCapacity Icon82kWh Range Icon 555 km
₹ 40 Lakhs
Alert Me When Launched
Tesla Model S (HT Auto photo)
UPCOMING
BatteryCapacity Icon100 kWh Range Icon570 km
₹70 Lakhs - 1 Cr
Alert Me When Launched
Force Motors Gurkha (HT Auto photo)
Engine Icon2596 cc FuelType IconDiesel
₹ 16.75 - 18 Lakhs
Compare
View Offers
Mean Metal Motors Azani (HT Auto photo)
UPCOMING
BatteryCapacity Icon120 Kwh Range Icon700 km
₹ 88 - 90 Lakhs
Alert Me When Launched
Hyundai I20 (HT Auto photo)
Engine Icon1197 cc FuelType IconPetrol
₹ 7.04 - 11.21 Lakhs
Compare
View Offers
Hyundai Tucson 2024 (HT Auto photo)
UPCOMING
Engine Icon1999 cc FuelType IconPetrol
₹ 30 Lakhs
Alert Me When Launched

Automakers need to get used to a new normal of "low speed growth" in China, CAAM said last month, predicting sales are likely to shrink 2% in 2020, the third consecutive year of contraction.

The coronavirus has led some automakers to postpone the resumption of production after the holiday.

In Hubei, the central province where the outbreak began, and a major vehicle making hub responsible for nearly 9% of China's output, Dongfeng Motor Group Co Ltd and its partners Honda Motor Co Ltd, Renault SA and Peugeot SA have all said they would delay production.

Other automakers with operations in Hubei include Nissan Motor Co Ltd which has a plant with Dongfeng, and General Motors Co which has a venture with SAIC Motor Corp Ltd.

Those operating plants outside Hubei province such as Volkswagen AG and General Motors have said they will keep some factories idled for one or more weeks.

Tesla Inc, which started delivering cars built at its $2 billion plant in Shanghai last month, has said it expects a delay of just one to one-and-a-half weeks in its ramp up of China-built Model 3s due to the shutdown. It restarted production in Shanghai on Monday with local government help.

Industry sales fell 8.2% last year, pressured by new emission standards in a shrinking economy and by trade tension with the United States.

First Published Date: 13 Feb 2020, 12:47 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.