Mubasher: Rolls-Royce said that its car sales have fallen close to zero in China, the brand’s second-largest market after the US, CNBC recently reported quoting the company’s CEO as saying.
However, early signs of a possible recovery are seen in certain areas.
The luxury brand said that the plunge was due to the outbreak of the coronavirus (COVID-19), which originated in China and led to the shut down of many parts across the country.
In this regard, CEO of Rolls Royce Motor Cars Torsten Muller-Otvos explained, “It’s not quite zero, but it’s pretty close to it.”
Despite its impact on the brand’s business, the CEO said that it is too early to measure the effect of the fast-spreading virus on this year’s sales, adding that the brand expected to sell 5,100 vehicles this year, roughly close to last year’s record.
“We are sitting on a very good order book in the US, but we are highly adaptable, we are vigilant. We are looking at it daily, and we are in close contact with all the markets worldwide,” the CEO concluded.