Core Insights - The second-hand car market in China shows a moderate upward trend in August 2025, with a total transaction volume of 1.7074 million units, reflecting a month-on-month increase of 2.80% and a year-on-year increase of 9.02% [1] - The total transaction amount for August reached 106.517 billion yuan, while the cumulative transaction volume from January to August was 12.9384 million units, marking a year-on-year growth of 3.03% [1] Market Performance - The second-hand car market is transitioning from a low season to a peak season, with the manager index for August at 43.1%, indicating a slight improvement in market conditions [5] - The demand for family cars is increasing due to the back-to-school season, particularly for SUVs and MPVs, which saw sales growth of 3.5% and 3.1% respectively [5] - Despite challenges from adverse weather and new car launches, the overall market remains stable, with a notable increase in transaction volume during the last week of August [5] Pricing Trends - Both acquisition and sales prices for second-hand cars have decreased month-on-month, with 41.2% of managers reporting lower acquisition prices and 33.3% reporting lower sales prices [6] - The average transaction price for second-hand cars fell to 62,400 yuan, down 1,400 yuan from the previous month [6] Inventory and Supply - The trading volume of vehicles over 10 years old increased by 4% year-on-year, reaching 220,000 units [7] - The average inventory period for car dealers extended to 46 days, indicating increased pressure on cash flow due to insufficient consumer demand [7] Segment Performance - In August, basic passenger cars sold 953,000 units, with SUVs and MPVs also showing growth, while commercial vehicles like trucks and buses performed well with year-on-year increases of 15.91% and 11.84% respectively [9][10] - From January to August, the cumulative transaction volume for passenger cars reached 10.1941 million units, with notable growth in MPVs and cross-type vehicles [11] Regional Insights - The North China region saw a slight decline in transaction volume, while other regions, particularly Central South and Southwest, experienced significant growth [15][16][17] - In August, the Central South region recorded a transaction volume of 460,800 units, up 4.33% month-on-month, with Henan province leading the growth [15] Transfer Rates - The transfer rate for second-hand cars in August was 30.85%, reflecting a month-on-month increase of 0.4 percentage points and a year-on-year increase of 1.8 percentage points [20]
中国汽车流通协会：8月全国二手车市场交易量170.74万辆 同比增长9.02%
Zhi Tong Cai Jing·2025-09-10 09:17