Core Viewpoint - The Beijing municipal government has issued a plan to enhance the second-hand car market by implementing measures such as "reverse invoicing" and facilitating cross-regional transaction registrations, aiming to boost consumer confidence and streamline transactions in the second-hand car sector [1][4]. Group 1: Government Initiatives - Multiple local governments, including those in Shanxi, Guangdong, and Henan, have adopted measures to promote second-hand car sales through "reverse invoicing" and improved credit systems for market participants [1]. - The "reverse invoicing" policy is a key reform that simplifies the tax process for second-hand car transactions, allowing dealers to issue invoices to individual sellers, thereby reducing costs and time for businesses [4]. Group 2: Market Growth and Statistics - The second-hand car market is showing significant growth, with a cumulative transaction volume of 9.57 million units and a total transaction value of 623.24 billion yuan in the first half of 2025, marking a year-on-year increase of 1.99% [2]. - In 2024, the total transaction volume reached 19.61 million units, with a transaction value of 1,285.20 billion yuan, reflecting a year-on-year growth of 6.52% and setting historical records for both metrics [2]. Group 3: Industry Challenges - Despite growth in transaction volume and value, the second-hand car industry faces challenges such as declining profit margins due to intense competition from the new car market and issues related to trust and transparency in transactions [3]. - Problems such as hidden vehicle conditions and false advertising persist, undermining the industry's reputation and leading to high transaction costs and risks for consumers [3][5]. Group 4: Industry Transformation - The second-hand car market is shifting from a focus on quantity to quality, with dealers increasingly transitioning from brokerage to dealership models, enhancing operational efficiency and transparency [2][6]. - The establishment of a credit system and the promotion of a transparent information-sharing environment are essential for building consumer trust and ensuring the healthy development of the second-hand car market [5].