Rest of the world could have an outsize impact on the

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rest of the world, could have an outsize impact on the global auto industry, which has a large footprint in the region in central China. The Chinese auto industry has grown from virtually nothing 30 years ago to become the world’s largest market for new vehicles, surpassing the U.S. in 2009. Wuhan, Hubei’s capital and the believed source of the outbrea k, has in that period emerged as an auto-making hub, home to state-owned Chinese car manufacturer Dongfeng Motor Corp. and numerous assembly plants building cars for Honda Motor Co., PSA Group, General Motors Co. and others Analysts say it is still far too soon to estimate the potential damage to the auto industry from the outbreak, but pointed out that the short-term impact of the SARS outbreak in China in 2003 is a poor comparison, because China’s car market at the time was much smaller. While China’s car sales have boomed for much of the past decade, consumer demand there has begun to taper off. Industrywide sales fell for a second year in a row last year, and analysts warn that should the outbreak become more severe it could further hurt the auto sector.
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