From VW to Daimler, China is the most important sales market for practically all major car manufacturers. But practically nothing works there anymore. Car sales are in the wake of the rapid expansion of the coronavirus Almost completely came to a standstill: In the first two weeks of February, sales figures fell by 92 percent compared to the previous year, the Chinese car manufacturers’ association CPCA said: From February 1 to 16, only 4,900 vehicles were sold. Almost 60,000 cars were sold in the same period last year.
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The association also does not expect a rapid recovery. For the entire month, he expects sales to decline by up to 70 percent compared to the previous year. In January and February this year, the slump could be 40 percent.
China is the most important car market in the world. The spread of the novel corona virus and government countermeasures are causing massive damage to the country’s economy as a whole.
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The car maker Daimler Already in his annual report warns of the effects of the epidemic on their own business: the outbreak could lead to significant declines in economic growth in China and other Asian countries. “Risks for the Daimler Group can not only affect sales development, but can also have a significant impact on production, the procurement market and the supply chain.”
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The car manufacturer’s factory remains in Wuhan Honda closed longer than planned. The company announces that operations will not begin until March 11th. In doing so, Honda is responding to a request from the Chinese authorities to industry to extend the Wuhan factory vacation due to the virus. Honda has already resumed operations in other Chinese manufacturing facilities, the company said.
The Japanese car company too Nissan has announced that it will suspend production at the center of the Corona outbreak. For two factories in Hubei Province, the schedule for a restart of production will be revised, explains the Japanese company. In addition to corresponding instructions from the authorities, the background is also the situation of the suppliers. The company had to cut production in factories in Japan because components from China were missing
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