Anonymous ID: 525f23 March 8, 2019, 8:01 p.m. No.5584600   🗄️.is 🔗kun   >>4638 >>4668 >>4720 >>4936 >>4998

China Auto Sales Crash in February Amid Accelerating Industry Collapse

 

ust days ago, we reported that US auto sales had tumbled to 18 month lows, continuing what has been an abhorrent start to the year for the automotive industry after a dismal 2018. Unfortunately, the global misery doesn't appear to be anywhere near over yet, with arguably the world's most important market, China, set to post another slate of miserable sales numbers for February.

 

New estimates from China's Passenger Car Association paint an outright terrifying picture for auto demand in the world's most populous nation as we head approach the end of the first quarter. Unofficial auto sales data for February includes China's passenger vehicle sales down 16.9% YOY to 1,207,538 units for wholesale, and down 19.0% YOY to 1,169,751 units for retail. Luxury brands saw a 2.9% retail sales decline and mainstream JV brands had a 13.8% decline. Domestic brands had a 27.5% decline.

rest at link

https://www.zerohedge.com/news/2019-03-08/china-auto-sales-crash-february-amid-accelerating-industry-collapse