Core Insights - The average daily transaction volume in China's used car market decreased to 65,900 units from October 20 to 26, reflecting a week-on-week decline of 4.3%, indicating a phase of adjustment after a surge in demand during the National Day holiday [1] - Cumulatively, from October 1 to 26, the used car transaction volume reached 1.45 million units, a 3% increase compared to the same period in September, with an estimated total of around 1.85 million units for the month, showing strong market demand and consumer enthusiasm [4] - The used car market is expected to maintain a warming trend in November, but with a stabilizing growth rate due to seasonal factors affecting offline customer traffic [4] Weekly Transaction Trends - The overall used car market experienced a slight decline in transaction volume, with only the Northwest region maintaining stable daily transactions, while other regions showed varying degrees of decline [7] - In the East China region, the average daily transaction volume was 22,900 units, down 4.18% week-on-week, with significant declines in cities like Wenzhou, Hefei, and Hangzhou, where declines exceeded 15% [8] - The North China region saw a daily transaction volume of 2,800 units, with a 4.76% decrease, particularly in Tianjin, where the decline approached 20% [8] Regional Analysis - The Northeast region's average daily transaction volume was 2,300 units, down 5.82%, with cities like Changchun and Dalian experiencing declines over 20% [9] - In the Southwest region, the average daily transaction volume was 11,800 units, down 3.68%, with notable declines in Lhasa and Chengdu [9] - The Central South region reported an average daily transaction volume of 25,100 units, down 4.52%, with Wuhan and Changsha seeing declines of 20% [9] - The Northwest region's daily transaction volume remained stable at 1,000 units, with some cities like Wuzhong experiencing declines over 15% [9]
中国汽车流通协会:10月20-26日二手车市场日均交易量回落至6.59万辆
智通财经网·2025-10-30 09:33