China Association of automobile manufacturers asked the government on state support
Brands of China are sounding the alarm after the fall of new car sales in February at 79% and require the government to provide government support to the most affected by the coronavirus sector of the economy. Their wish list includes a tax reduction for the purchase of vehicles, measures to support sales in rural markets and reduced requirements for emission CO2 new vehicles, according to China Association of automobile manufacturers (CAAM).
February sales at the world's largest automobile market fell to 310,000 vehicles, showing a decline of the 20th month in a row.
"car Sales in China for February fell to levels not seen since 2005," said Chen Shihua, a senior representative of the Association.
IN CAAM also said that the call on the government to extend subsidies for new energy vehicles and increase investment in infrastructure such as charging stations.
According to forecasts of the Association, car sales will likely fall by more than 10% in the first half of this year, as travel restrictions and quarantine continue to erode demand. But if the outbreak in China will be tackled effectively until April, the decline could reach 5% for the whole year.
sales of Chinese cars in the whole industry fell by 8.2% last year under pressure from new emissions standards and trade tensions with the United States.