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China's March auto sales plunge slows, pandemic clouds outlook

From in.reuters.com

Auto sales in China plunged an annual 43.3% in March, and though the downturn was less dire than last month the world’s biggest auto market struggled to rev-up from a prolonged demand slump that was exacerbated by the coronavirus outbreak, data showed on Friday. February auto sales in the country had dived 79% as the pandemic pummeled demand. Still, March marked 21 months of decline in a row, with total auto sales down to 1.43 million units from the same month a year earlier, according to data from the China Association of Automobile Manufacturers (CAAM), the country’s largest auto industry association. The number of ... (full story)

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  • Category: Fundamental Analysis