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China auto sales likely plunged 18% in January, coronavirus outbreak takes a toll

FILE PHOTO: Cars for export wait to be loaded onto cargo vessels at a port in Lianyungang
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BEIJING/SHANGHAI (Reuters) - 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..
Date Published: Feb 13, 2020
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