China car sales plunge as virus spreads


Supply Chain at risk. Auto component imports from China as a share of total car-part imports
Retail car sales fell 22% to 1.71 million units, the biggest-ever drop for the month of January, the China Passenger Car Association said last week, as the coronavirus kept buyers away from showrooms. The group predicted a worsening outlook, saying February sales may drop more than 30%. Sales were heading for an unprecedented third straight…
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