Car sales forecast to fall sharply

Double-digit declines expected if virus rags into second half of the year

by Xu Yuenai
Sales of passenger cars forecast to fall sharply

(ATF) – Total sales of passenger cars in China may decline by 2.7 million units in wholesale and decrease by 2 million units in retail sales this year due to the Covid-19 epidemic, according to the estimation made by the China Passenger Car Association.

If the epidemic is well controlled in April, the automobile market will improve in the second half of this year. If not, both wholesale and retail sales of passenger cars may face a double-digit decline.

Last year, 20.7 million passenger cars were sold in China, down 7.4% from 2018. The China Passenger Car Association previously estimated that total sales would reach 21 million units this year.