乘联分会：二手车市场正步入复苏周期

Core Viewpoint - The second-hand car market in China is showing signs of recovery, with daily transaction volumes reaching a peak since June, indicating a stabilization and upward trend in the market [1] Market Performance - From August 4 to 10, 2025, the average daily transaction volume in the second-hand car market was 65,300 units, reflecting a month-on-month increase of 2.1% and a year-on-year increase of 1.4% [1] - 32.6% of car dealers reported improved offline customer traffic, and over 35% of businesses experienced weekly growth in transaction volumes [1] - There is a notable increase in dealer inventory levels in preparation for the "Golden September" sales season [1] Pricing Trends - 60% of companies maintained stable end prices, while 19% reported slight increases in terminal selling prices, indicating a positive trend towards market recovery [1] Policy Environment - Local governments are steadily implementing market stimulus policies, with the third batch of subsidy funds allocated in late July 2025 and some regions restarting trade-in policies with innovative subsidy forms [1] - These policy incentives are expected to further boost the growth rate of the second-hand car market in August [1] Segment Analysis - The market for second-hand new energy vehicles is performing well, significantly reducing the purchase and usage costs for ordinary consumers [1] - From January to June 2025, the transaction volume of second-hand new energy vehicles reached 686,500 units, a year-on-year increase of 35%, accounting for 9.07% of the total second-hand passenger car transactions [1]