China Market dragged down 42% as COVID 19 forced the shutdown

Chinese Auto Market is collapsing in 2020 as a results of February’s shutdown because of Coronavirus outbreak. Indeed, year-to-date sales in February 2020 are falling 42% at 2.250.094. most top 10 brands are declining over 30%, while Chery manges to contain losses, losing “just” 24.7%.

Economic Environment
The coronavirus outbreak continues to severely disrupt economic activity and can weigh heavily on economic process within the half-moon of the year. the govt has restricted transportation, which, along with widespread fear among the population, is hitting consumption and manufacturing. That said, recent monetary easing measures and targeted fiscal support from the govt should be shoring up activity somewhat.
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