Core Viewpoint - The article discusses the shift in China's used car export market from "zero-kilometer" vehicles to "long-kilometer" vehicles, highlighting the challenges and opportunities in this transition as the industry matures and seeks sustainable growth [1][8]. Group 1: Current State of Used Car Exports - China's used car exports have surged from approximately 3,000 vehicles in 2019 to 436,000 vehicles projected for 2024, with "zero-kilometer" cars being a significant part of this growth [1]. - "Zero-kilometer" used cars, which are essentially new cars with low mileage sold at a discount, have become a popular choice for exporters due to their appealing price point, often around 80% of the new car price [3][5]. - However, the export of "zero-kilometer" vehicles has raised concerns about market order, the quality of after-sales service, and the competitive image of Chinese automotive brands abroad [1][6]. Group 2: Regulatory and Market Dynamics - The Ministry of Commerce announced plans to standardize used car export procedures, aiming to ensure quality and safety while promoting healthy development in the sector [2]. - The competitive landscape for new cars in China has led to over 50% of dealers operating at a loss, prompting them to collaborate with used car exporters to alleviate financial pressures [5]. Group 3: Transition to Long-Kilometer Vehicles - Industry experts emphasize the need to transition to "long-kilometer" used cars, which are better suited to meet international market demands and are characterized by their quality and adaptability [8]. - The challenges in this transition include sourcing vehicles from individual owners and small dealers, high costs of vehicle condition certification, and inefficiencies in logistics and distribution [8]. - The potential for "long-kilometer" vehicles to dominate the export market is significant, with projections suggesting that China could capture 50% of the global market share for this category within a decade, equating to 5 million vehicles [9].
“零公里”二手车,中东有资金盘狂囤货!
第一财经·2025-09-07 11:03