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]

Core Insights - The average daily transaction volume in the used car market decreased to 68,900 units from October 13 to 19, 2025, reflecting an 8.3% week-over-week decline, although this level remains higher than the same period in September [1] - Cumulatively, from October 1 to 19, the used car transaction volume reached 1.29 million units, representing a 6.6% increase compared to September, with an estimated total of around 1.87 million units for the entire month [1] Market Performance - 32% of used car businesses reported a decline in store traffic, while 46% indicated that current transaction volumes are stable compared to early September [2] - 60% of businesses noted that used car prices remained consistent with the previous week, while 25% reported prices continuing to decline, particularly in the mid-range segment priced between 100,000 to 200,000 yuan [2] Economic Context - Key macroeconomic indicators remained stable in the first three quarters, with a 5.1% year-over-year increase in per capita disposable income and a 4.5% increase in total retail sales of consumer goods [2] - The automotive consumption amount reached 35,923 billion yuan, showing a 1% year-over-year growth [2] Future Outlook - The fourth quarter is traditionally a peak season for the used car market, supported by increased replacement rates, ample vehicle supply, and improved customer traffic [2] Regional Analysis - The North China region saw a 9.52% increase in average daily transaction volume, with Beijing experiencing a notable 20% growth [6] - The Northeast region reported a 7.52% decline, with Shenyang showing a significant drop of nearly 30% [7] - The Southwest region experienced a 10.46% decrease, with Kunming's transaction volume dropping over 25% [8] - The Central South region's average daily transaction volume fell by 8.57%, with Wuhan and Pingdingshan showing declines exceeding 25% [8]

Core Insights - The second-hand car market in China is experiencing a steady increase in trading activity, with an average daily transaction volume of 68,100 vehicles from September 15 to 21, reflecting a 0.3% week-on-week growth and a 5.6 percentage point increase compared to the same period in August [1] Regional Performance - The overall second-hand car market shows a mild upward trend, with notable growth in the North China, East China, and Central South regions, while the Northwest remains stable and the Northeast and Southwest regions see slight declines [3] - In East China, the average daily transaction volume reached 24,100 vehicles, with a week-on-week increase of 0.74%. Cities like Xiamen, Nantong, and Jinan showed significant growth, with Nantong and Jinan both exceeding 10% growth [3] - North China recorded an average daily transaction volume of 2,700 vehicles, with a week-on-week increase of 5.88%. Cities such as Tianjin and Chifeng experienced remarkable growth, both surpassing 15% [3] - The Northeast region saw an average daily transaction volume of 2,400 vehicles, with a week-on-week decline of 4.55%. Dalian's market decreased by 7.5%, while the decline in Jixi was as high as 15% [5] - The Southwest region had an average daily transaction volume of 12,400 vehicles, with a week-on-week decline of 5.25%. Lhasa's market saw a significant drop of 20% [5] - The Central South region reported an average daily transaction volume of 25,400 vehicles, with a week-on-week increase of 2.86%. Guangzhou's market showed strong growth, exceeding 20% [6] - The Northwest region maintained stability with an average daily transaction volume of 1,100 vehicles, although Lanzhou experienced a notable decline of 20% [6] Cumulative Data - As of September 21, the cumulative transaction volume for second-hand cars reached 1.216 million vehicles, representing a 4.5% increase compared to the same period in August. The total transaction volume for September is projected to reach 1.77 million vehicles, indicating steady growth compared to August [4]

Core Insights - The average daily transaction volume of used cars in China from July 7 to July 13 was 63,800 units, showing a slight week-on-week decrease of 0.94% and a year-on-year decline of 1.2%, indicating normal market fluctuations [1] Regional Performance - In East China, the average daily transaction volume was 20,800 units, down 4.32% week-on-week, with significant declines in cities like Linyi (over 20% drop) and Nanchang, Jining, and Jinhua (double-digit declines) [5] - North China saw an average daily transaction volume of 2,500 units, decreasing by 1.78%, with notable declines in Langfang (15% drop) and Beijing (3.6% drop), while Taiyuan experienced over 20% growth [5] - Northeast China reported an average daily transaction volume of 2,300 units, up 2.76%, with Dalian showing a remarkable increase of 18.5% [6] - Southwest China had an average daily transaction volume of 12,900 units, down 3.12%, with Chengdu declining by 6.5% and Kunming by 10%, while Guiyang saw over 15% growth [7] - Central South China recorded an average daily transaction volume of 24,300 units, up 3.35%, with Guangzhou experiencing a significant increase of 25% [7] - Northwest China had an average daily transaction volume of 900 units, down 5.32%, with both Yulin and Xining seeing declines exceeding 20% [7] Market Sentiment - 50% of surveyed enterprises reported stable pricing, indicating cautious pricing strategies among used car dealers to maintain market stability and profitability [3] - 20% of enterprises noted a rebound in terminal sales prices, suggesting a recovery in demand for certain segments or models, with increased consumer acceptance and willingness to purchase [3]

Core Insights - The average daily transaction volume of used cars in China decreased to 64,700 units from April 1 to April 6, 2025, reflecting a 3.4% week-on-week decline, primarily due to the Qingming Festival affecting consumer foot traffic [1] - 40% of used car dealerships reported a decrease in offline customer flow during the holiday, while 70% of surveyed businesses indicated that transaction volumes were average or sluggish, with 30% noting a decline in retail prices, particularly for new energy vehicles [1][2] Market Trends - The impact of new car market price fluctuations on the used car market continues but has weakened, which is favorable for future market growth [2] - Consumer demand is evolving, with a greater emphasis on quality, experience, and emotional value in purchases, indicating a shift towards service-oriented and experiential consumption [2] Strategic Recommendations - Used car dealerships are advised to accurately gauge consumer needs and market trends, enhance customer engagement through experiential consumption scenarios, and build consumer trust and loyalty [2] - Optimizing inventory management and sales pacing is recommended to improve vehicle turnover rates and reduce operational costs [2] - It is crucial for businesses to closely monitor policy changes and industry trends to prepare for potential market fluctuations [2] Regional Analysis - The average daily transaction volume of used cars showed a slight decline across various regions, with notable decreases in Northeast, North China, East China, and Central South regions, while the Southwest region experienced growth [5][6] - In East China, the average daily transaction volume fell to 21,400 units, a decrease of 8.19%, with cities like Hangzhou and Hefei seeing declines exceeding 30% [5] - North China reported an average daily transaction volume of 2,400 units, down 3.57%, with significant drops in Taiyuan and Beijing [5] - The Northeast region saw a 15.16% decline, with Dalian and Songyuan experiencing drops over 30% [6] - The Southwest region's average daily transaction volume increased by 4.73% to 14,700 units, driven by strong performance in Chongqing [6] - Central South region's average daily transaction volume decreased by 2.47% to 23,000 units, with significant declines in Haikou and Wuhan [6] - The Northwest region maintained stability with an average daily transaction volume of 1,100 units, although some cities faced pressure [7]