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China wholesales April 2020: Market up 0.9%, first year-on-year gain since June 2018 as post-virus recovery is confirmed

New car sales in China have already debuted their post-virus recovery. This is a preliminary update, complete data will be published when available. After we already reported on signs of recovery with retail sales up 14% year--year over the April 7-12 week, the China Association of Automobile Manufacturers (CAAM) announced today…

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China wholesales February 2020: Focus on anti-bacterial tech helps Geely (#1 above Volkswagen), Chery (-37.2%), Jetour (-47.2%) in market down -79.1%

The Coronavirus outbreak has brought the Chinese market to its knees. In line with our expectations earlier in the month, as a result of the country effectively shutting down in February, wholesales of China-made light vehicles drop -79.1% year-on-year this month to 310.000 units. Passenger Vehicles are down -81.7% to…

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