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China's January auto sales expected to fall 18 percent year-on-year, 19th month of decline

13 February 2020 14:18 (UTC +04:00)

Auto sales in China are expected to fell for a 19th consecutive month in January, with the number of new energy vehicles (NEVs) sold contracting for a seventh month in a row, data from the country’s biggest auto industry association showed on Thursday, APA reports citing Reuters.

Total auto sales in the world’s biggest auto market are expected to fall 18% from the same month a year earlier, the China Association of Automobile Manufacturers (CAAM) said.

The industry is bracing for the impact of a coronavirus epidemic that has killed more than 1,100 people by Feb. 12.

Local governments began imposing travel curbs and warning residents to avoid public spaces in the last two weeks of January, and industry executives said the epidemic was likely to wreak havoc on auto sales and production in the first quarter.