Wednesday, April 8, 2020

Nissan's car sales in China drop 44.9% in March due to coronavirus

Japanese automaker Nissan said on Wednesday that its car sales in China fell by 44.9% from a year before. The auto giant sold 73,297 units in March in China, the world's biggest car market.

Car sales and production have been hit hard in every coronavirus-hit country as factories were shut down and consumers forced to stay indoors due to the outbreak.

However, Nissan, which has a joint venture with Hubei-based Dongfeng Motor, said in a statement that it sees "signs of recovery in the market".
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Meanwhile, rival Toyota's China sales dropped 15.9% year-on-year in March while Honda's fell 50.8%.

In February, car sales tanked by 79.1% year-on-year when just 3,10,000 vehicles were sold across the country, China Association of Automobile Manufacturers said last month. 

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