Auto Sales in China Log the largest Monthly Decline EverAccording to China coach Association

car sales fell to 7,100 units each day during the month compared with 45,000 units per day in February 2019.
However, average daily sales improved toward the top of the month, to around 16,000 units per day within the fourth week from 811 units per day early within the month.
Reports suggest that the coach sales in China tanked nearly 42% through the primary two months of 2020, reflecting the most important sales decline in twenty years.
Global automakers who became increasingly reliant on the world’s biggest marketplace for vehicles are left with little visibility into when sales might recover.
Weak car sales are expected to require a toll on the earnings of most of the world auto biggies.
like General Motors GM, Ford F, Toyota Motor and Volkswagen .
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