China's March Auto Sales Fell 43.3% Y/Y, Slower Pace Of Fall Vs February

Auto sales in China plunged an annual 43.3% in March, a slower pace of decline versus last month as the world's biggest auto market limped back after the coronavirus outbreak, data showed on Friday.

February auto sales in the country had plunged 79% as the pandemic pummelled demand.

Still, March marked 21 months of decline in a row, with total auto sales down to 1.43 million units from the same month a year earlier, according to data from the China Association of Automobile Manufacturers (CAAM), the country's largest auto industry association.

(Reuters)