"The panda won't fall from the tree!"

Over the past weeks, the car industry has almost exclusively been part of negative headlines. But the latest figures from the Far East are now raising new hopes that the market may recover faster than expected.

In February 2020, new car purchases in China were almost 80% below the previous year's level. In March it was still 40%. In April, however, the Chinese auto industry was only 5.6% down. Although this still represents 1.4 million fewer vehicles sold compared to last year, the trend is undoubtedly going in the right direction.

Daimler's China board member Hubertus Troska has been reaffirming the importance of the Chinese market for Mercedes for years using the phrase "The panda won't fall from the tree!". Let's just hope that the Panda holds on to that tree.