China’s March automobile sales dropped 43.3% says CAAM

Auto sales in China dropped an annual 43.3% in March, a slower pace of decline compared to the last month as the world’s biggest auto market is affected following the coronavirus outbreak, data revealed on Friday.

Auto sales in February in the country had dropped 79% as the pandemic reduced demand.

Still, March marked 21 months of reduction in a row, with total auto sales dropping to 1.43 million units from the same month a year previously, according to data from the China Association of Automobile Manufacturers (CAAM).

Coronavirus has killed 3,341 and infected 82,160 people in China. Although these figures are heavily disputed and experts say the government has deliberately under-reported the figures.