Not a single car was sold in Shanghai last month
bloomberg.com
Not a single car was sold in Shanghai last month
1–10 of 366 posts
Re: Not a single car was sold in Shanghai last month
#2Who could buy? Where could they buy from? There are people who’ve been in their apartments for over 40 days. The entire city has been locked in for over 30, barring some lucky people who’ve been allowed out for two hours a day in the past two weeks.
Re: Not a single car was sold in Shanghai last month
#3Re: Not a single car was sold in Shanghai last month
#4Who could buy? Where could they buy from? There are people who’ve been in their apartments for over 40 days. The entire city has been locked in for over 30, barring some lucky people who’ve been allowed out for two hours a day in the past two weeks.
That’s the point of the article? It’s using car sales as a proxy for how tight the lockdown has been.
Re: Not a single car was sold in Shanghai last month
#5Who could buy? Where could they buy from? There are people who’ve been in their apartments for over 40 days. The entire city has been locked in for over 30, barring some lucky people who’ve been allowed out for two hours a day in the past two weeks.
Yes, it's clear why this has happened, but China is so important across many industries and this is one clear example data point.
The interesting question (IMHO) is what are the ramifications from this for companies, jobs, the economy, both locally and internationally, across all industries.
Re: Not a single car was sold in Shanghai last month
#6Is it known what variant(s) led to this outbreak and lockdown?
Re: Not a single car was sold in Shanghai last month
#7That is interesting I would have thought it an absolute certainty at least a non zero number of cars were sold. Either recurring/rollover contracts or some guy making an advanced purchase for later in the year would be reasons to buy during a lockdown.
Re: Not a single car was sold in Shanghai last month
#8Who could buy? Where could they buy from? There are people who’ve been in their apartments for over 40 days. The entire city has been locked in for over 30, barring some lucky people who’ve been allowed out for two hours a day in the past two weeks.
That's literally the first line of the article ... "For evidence of just how tight Shanghai’s lockdown has been, consider this: not a single car was sold in the city last month. "
Re: Not a single car was sold in Shanghai last month
#9This is similar to what happened in Europe at height of our first lockdowns - give a few months and demand will be back with a catch-up.
Re: Not a single car was sold in Shanghai last month
#10Is it known what variant(s) led to this outbreak and lockdown?
I thought it was the Omicron BA.1 variant that caused a surge in the west too. But China is more densely populated, with a less vaccinated population, especially the elderly, and a less effective vaccine.