1. China Has Problems

    China Has Problems

    China car sales plunged 92% during the first two weeks of February as the coronavirus outbreak kept buyers away from showrooms.

    It was even worse in the first week, when nationwide sales tumbled 96% to a daily average of only 811 units, the China Passenger Car Association said in a report released earlier this week. Deliveries this month may slide by about 70%, resulting in a roughly 40% drop in the first two months of 2020, the association said. The figures exclude minivans.

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