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Home / Metal News / CPCA: COVID-19 likely to lead to a 5% decline in China’s passenger car sales in 2020

CPCA: COVID-19 likely to lead to a 5% decline in China’s passenger car sales in 2020

Feb 25, 2020 14:28

Source:SMM

China’s passenger car sales are likely to extend their decline this year, due to the outbreak of the novel coronavirus (COVID-19) epidemic

SHANGHAI, Feb 25 (SMM) – China’s passenger car sales are likely to extend their decline this year, due to the outbreak of the novel coronavirus (COVID-19) epidemic.

The China Passenger Car Association (CPCA) said it may slash its China PV sales forecasts for 2020 by more than 1 million units, leading to a decline of 5% from 2019, compared to a moderate increase of 1% estimated in November 2019.

Retail sales of sedans, multi-purpose vehicles (MPVs) and sport utility vehicles (SUVs) in China dropped 7.4% year on year to 20.7 million units in 2019, after a decline of 3% in 2018, showed data from the CPCA. In the first two weeks of February, PV sales in China plunged 92% year on year.

China’s car market kicked off 2020 on a weak note, but is likely to pick up later in the year as the potential for private car demand growth is solid, according to the CPCA.

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Passenger car

Passenger vehicle

Coronavirus impact

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China's new energy passenger car sales rose 19.5% in May from month ago: CPCA

CPCA: China’s passenger car sales in May posted first YoY increase over the past 11 months

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Jun 9, 2020 14:00

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CPCA: China’s passenger car sales in May posted first YoY increase over the past 11 months

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SMM Insight

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China excavator sales rose 12% YoY in March

Ternary precursor prices to fall further on reduced export orders

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SMM Comments

Ternary precursor prices to fall further on reduced export orders

CPCA: China’s passenger car sales estimated to recover to 1.03 million units in March, down 41%YoY

The China Passenger Car Association (CPCA) said on Monday that retail sales of sedans, multi-purpose vehicles (MPVs) and sport utility vehicles (SUVs) in China are estimated to be 1.03 million units in March, down 41% from the same month of 2019.

Mar 18, 2020 10:49

Analysis

CPCA: China’s passenger car sales estimated to recover to 1.03 million units in March, down 41%YoY

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Analysis

China excavator sales tumbled more than 50% YoY in February

CPCA: China’s passenger car sales dropped 78.5% YoY in February

The China Passenger Car Association (CPCA) said on Monday that retail sales of sedans, multi-purpose vehicles (MPVs) and sport utility vehicles (SUVs) in China stood at 252,308 units in February, down 85.3% from a month earlier and 78.5% from a year earlier.

Mar 9, 2020 16:31

Analysis

CPCA: China’s passenger car sales dropped 78.5% YoY in February

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CPCA: COVID-19 likely to lead to a 5% decline in China’s passenger car sales in 2020

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