China car sales mark first rise in 22 months, but virus to still slam 2020

SHANGHAI - China’s monthly auto sales rose for the first time in almost two years as the country eased virus-related curbs and reopened for business, but the annual number will likely be slashed by up to 25% if the pandemic continues, an industry body cautioned.

The sales data for April and the gloomy outlook underline the challenges being faced by the world’s biggest auto market as it struggles to emerge from a prolonged slump in demand, which was first exacerbated by the trade war with the United States and now by the global health crisis. In April, China’s auto sales reached 2.07 million units, up 4.4% from a year earlier, even as sales of new energy vehicles fell for a tenth month to 72,000 units, CAAM data shows.China’s auto sales sank 79% in February and 43% in March, pummelled by the virus as strict stay-at-home orders kept buyers away. Monthly sales last rose in June 2018.

All cars are preloaded with Wuhan virus.

FakeNews behind Firewall

World is near the brink of destruction and these morons are making use of it. ChinaLiedPeopleDie

if u need satisfy maybe i can help you with my videos 💞

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla Model 3 sales in China plunge 64% in April despite electric car market recoveryTesla sold 3,635 Model 3 cars in April — much lower than 10,160 in March, data from the China Passenger Car Association showed. Tesla has had a negative balance sheet since 2016. It clearly is a very overvalued company. Well gee, I wonder why?! Do you really think that people are particularly interested in buying new cars right off the bat? or paying off debt accrued after living in quarantine after some time. This will take some time to restabilize before things could come back to fully normal Lmaooooooooooooooooooooo Hey elonmusk see what happens when you piss off the deep state? Don’t bite the hand that feeds you dude.
Source: CNBC - 🏆 12. / 72 Read more »

China Car Sales Bounced Back a Bit in AprilChina’s auto market ended a 21-month losing streak in April as sales rose 4.4% from a year earlier, overcoming an early-year collapse triggered by the coronavirus shutdown. who asked Couldn't care less.
Source: WSJ - 🏆 98. / 63 Read more »