Caixin
Nov 28, 2022 08:36 PM
BUSINESS

Covid Lockdowns Set to Snap China’s Car Sales Winning Streak

On Nov. 25, in a community in Xicheng District, Beijing, volunteers distributed express delivery to residents in the community. Photo: VCG
On Nov. 25, in a community in Xicheng District, Beijing, volunteers distributed express delivery to residents in the community. Photo: VCG

Factory sales to distributors of passenger cars in China, the world’s largest automobile market, are on track to decline in November, snapping five consecutive months of increases as repeated lockdowns across the country under the “zero-Covid” strategy disrupt consumer spending and seize up logistics networks.

From Nov. 1 to 20, factory sales of passenger cars decreased 8% from the same period last year to 933,000 units, according to data from National Passenger Cars Association (CPCA), an industry group. That compared poorly to October’s year-on-year growth of 11%.

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