崔东树：10月全国二手车市场交易量为176万台 交易金额达1110亿元

Core Insights - The second-hand car market in China is experiencing growth, with October 2025 showing a transaction volume of 1.76 million units, a 2% decrease month-on-month but a 2.7% increase year-on-year, and a transaction value of 111 billion yuan, down 0.8% year-on-year [1][2] Group 1: Market Performance - In the first ten months of 2025, the cumulative transaction volume of second-hand cars reached 16.49 million units, representing a year-on-year increase of 3.5%, with a total transaction value of 1,057.2 billion yuan, up 0.6% [2] - The second-hand car market has shown strong growth from 12.4 million units in 2017 to an expected 19.61 million units in 2024, indicating a significant increase of 7.2 million units over seven years [2] Group 2: Transaction Structure - The market structure is shifting towards higher-end consumption, with a continuous increase in the SUV and MPV segments, while the passenger car market is relatively shrinking [4] - The proportion of high-age second-hand cars is increasing, with cars aged 3-6 years accounting for 44.1% of transactions in the first ten months of 2025 [5] Group 3: Pricing Trends - The average transaction price of second-hand cars has stabilized, with a notable increase in the proportion of cars priced between 30,000 to 50,000 yuan, while the share of cars below 30,000 yuan has decreased [6] Group 4: New Energy Vehicles (NEVs) - In October 2025, the transaction volume of second-hand NEVs was 148,000 units, a 7% decrease month-on-month but a 42% increase year-on-year, with a penetration rate of 11.2% [7][8] - The cumulative transaction volume of second-hand NEVs from January to October 2025 reached 1.284 million units, reflecting a year-on-year increase of 44% [7] Group 5: Vehicle Age and Inventory - The proportion of second-hand NEVs under 2 years of age increased significantly to 37.3% in Q4 2025, indicating a more active market for younger vehicles [9][10] - The inventory pressure for second-hand cars has slightly improved, with 35% of cars in stock for over 30 days, remaining stable compared to the previous year [14] Group 6: Transfer Rate and Market Dynamics - The transfer rate of second-hand cars reached a historical high of 33.1% in October 2025, reflecting improved convenience in the transfer process [13] - Major outflow regions for second-hand cars include Beijing and Shanghai, while provinces like Anhui and Shandong are significant inflow areas [13]