China s 2020 auto sales fall for third year amid coronavirus
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FILE PHOTO: Even before the coronavirus hit, demand was hurt by consumer unease about possible job losses due to a slowing economy
(REUTERS)
. Updated: 13 Jan 2021, 07:08 PM IST AP
Sales declined 6% compared with 2019 to 20.2 million, according to the China Association of Automobile Manufacturers. Sales of commercial vehicles rose 18.7% to 5.1 million
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BEIJING: China’s sales of SUVs, minivans and sedans fell for a third year in 2020 as the coronavirus hurt already weak demand in the industry’s top global market, an industry group reported Wednesday.
Sales declined 6% compared with 2019 to 20.2 million, according to the China Association of Automobile Manufacturers. Sales of commercial vehicles rose 18.7% to 5.1 million.
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Sales in the world s biggest auto market rose 6.4% in December from a year earlier to reach 2.83 million vehicles. But the pace of growth slowed sharply from a 12.6% year-on-year rise in November.
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Vehicle sales in China, the world s biggest auto market, rose on an annual basis in December, the ninth straight month of gains, as China continued to lead the global automobile industry s recovery from the COVID-19 pandemic.