China auto sales tumble by 92% as coronavirus takes toll on industry

China car sales slump 92 percent in first half of February on virus

Retail sales of passenger vehicles in China crumbled 92% on an annual foundation in the first 16 days of February, in accordance to China Passenger Car Affiliation (CPCA), because the coronavirus outbreak slammed the brakes on companies throughout the nation.

Auto dealerships have remained closed while buyers have stayed away to prevent the spread of the deadly virus.

Auto sales in China have collapsed by 92% as the coronavirus shutdown wreaks havoc on the automotive industry.

"Very few dealerships opened in the first weeks of February and they have had very little customer traffic", according to a statement from the China Passenger Car Association.

Dealers gradually restarted operations in the second week of this month, when daily sales of passenger vehicles stood at 4,098 units, still a decline of 89 percent from a year earlier, he said.

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Chinese vehicle maker Geely has just launched a "contactless" service that lets customers buy its cars online and get them delivered directly to their homes.

According to Statista China sold just over 21m cars a year ago making it the worlds' largest auto market, while the United States remains the second largest.

The CPCA expects PV sales in China to drop about 70% year on year in February.

While automotive sales have slumped, manufacturing has additionally been seriously disrupted with most of the global's largest automotive makers caution of delays. Global manufacturers are also facing production delays, with Apple warning of global iPhone supply shortages.

The loss of life toll from the coronavirus outbreak has now risen to greater than 2,200 other people.

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