3 6 Ke·2025-07-22 07:22Core Viewpoint - The phenomenon of "zero-kilometer used cars" has gained significant attention following criticism from Great Wall Motors' chairman, highlighting its prevalence in the industry and its implications for sales reporting and market integrity [1][4][9]. Group 1: Industry Impact - Many domestic car manufacturers have reportedly used zero-kilometer used cars to inflate sales figures, aiming to meet monthly and quarterly targets [1][4]. - The Ministry of Industry and Information Technology (MIIT) is considering a policy to prohibit the sale of used cars within six months of new car registration to combat this practice [1][10]. - The prevalence of zero-kilometer used cars has led to a distorted market, where new car sales are negatively impacted, creating a vicious cycle that pressures manufacturers to resort to such tactics [6][9]. Group 2: Market Dynamics - Data from the China Automobile Circulation Association indicates that vehicles registered within three months and with mileage under 50 kilometers accounted for 12.7% of the used car market in 2024, underscoring the scale of zero-kilometer used cars [6][9]. - The practice has also affected the profitability of dealerships, with over 40% of dealers reporting losses and a significant number of used car trading platforms going bankrupt [9][12]. - The zero-kilometer used car issue has implications beyond China, as it allows for the circumvention of high tariffs on new cars when exported as used cars, prompting international scrutiny and policy responses [8][9]. Group 3: Regulatory Responses - The proposed regulations by MIIT aim to reduce the market share of zero-kilometer used cars, although it is acknowledged that such measures may not completely eliminate the practice [10][12]. - The industry is urged to focus on healthy market practices, including better regulation of sales processes and reducing the pressure on dealerships to meet unrealistic sales targets [22][10]. - The ongoing discussions and regulatory efforts reflect a broader recognition of the need for a sustainable automotive market, moving away from reliance on artificial sales boosts [17][22].