New car sales in China fall 41% in March

New car sales in China fall 41% in March

April 10, 2020 0 By autotimesnews

The China Automobile Manufacturers Association has confirmed that new car sales in China have been hit hard by the coronavirus pandemic.

According to a report, sales of new cars in March 2020 fell by 40.8% compared to the same month in 2019 – to 1.08 million units. However, experts expect sales in April to be much higher than in March.

Despite the fact that March was painful, it was not as bad as February, when car sales in China fell 79% from the previous year, as the country was affected by the COVID-19 pandemic, according to the South China Morning Post. Parts of automakers began quitting quarantine in March, hence the slight revival of sales.

However, not for all automakers the situation was deplorable. So, Tesla in China delivered 10 160 of its cars last month, which is more than double the figures recorded in February. This figure generally reflects the number of cars leaving the Tesla factory in Shanghai, and it is unclear how many were sold to customers, Bloomberg notes.

Registration data confirming the exact number of Tesla models sold in China during March will be published later this month. In February, the U.S. automaker sold 2,314 vehicles in China, a 35% decrease from January.