中国汽车流通协会发布的最新数据显示，2025年，中国二手车交易量达2010.8万辆，首次突破2000 万辆大关，创历史新高。 2016年，这一数字为1039万辆。从1000万辆到2000万辆，十年来，越来越多的二手车跨区域跑了起来， 新能源二手车交易量占比也显著提升。这反映出，中国汽车市场正从单一的新车消费为主转向"新车 +二手车"共同发力，也是中国超大市场活力的表现。 区域流通活力提升 二手车交易为何"跑"得快？ 先听卖方说—— 根据公安部此前公布的数据，截至2025年三季度末，全国汽车保有量已达3.63亿辆。中国汽车流通 协会副会长罗磊对本报记者表示，这为二手车市场扩容提供了强大"蓄水池"。2025年，我国汽车产销量 均突破3400万辆，再创历史新高。随着新车市场交易规模持续扩大，尤其是汽车消费升级与置换周期加 快，更多车源进入二手车流通环节，从而推动了二手车交易量实现跨越式增长。 再听买方说—— "刚工作3年，存款不多，二手车是不错的选择""同款新车落地价要10万元出头，二手车不仅省了4 万多元，还免缴了近1万元的购置税，每年保险费用也比新车低不少"……二手车正在进入越来越多人的 视野。对年轻消费者以及 ...

Core Insights - The Chinese used car market is projected to reach a transaction volume of 20.108 million units by 2025, marking a historic high and a significant increase from 10.39 million units in 2016, indicating a shift towards a dual focus on new and used cars in the automotive market [2][3] Market Dynamics - The total number of vehicles in China reached 363 million by the end of Q3 2025, providing a substantial "reservoir" for the expansion of the used car market. The production and sales of new cars are expected to exceed 34 million units in 2025, further fueling the growth of used car transactions [3] - The increasing transaction volume of used cars is attributed to the rapid turnover of vehicle ownership, particularly among young consumers and those in lower-tier cities, who are increasingly opting for used cars as their first or additional purchase [4][5] Policy and Regulatory Environment - A series of reforms aimed at facilitating cross-regional transactions have been implemented, including the removal of restrictions on the transfer of certain used vehicles and the promotion of efficient circulation in the used car market. These measures have addressed systemic barriers and significantly boosted market growth [6][9] - By December 2025, the rate of used car transfers reached 34.9%, an increase of 4.7 percentage points year-on-year, indicating enhanced cross-regional circulation and market activity [7] Emerging Trends - The proportion of used new energy vehicles (NEVs) is on the rise, with 1.6 million NEVs expected to be sold in the used car market by 2025, accounting for 7.9% of total used car transactions. This growth is driven by the increasing ownership of NEVs and the entry of these vehicles into the used market as owners seek to upgrade [8][10] - The digitalization of used car sales channels has become prominent, with platforms offering online and offline services that enhance transparency and consumer trust. This shift has expanded the geographical reach of used car transactions, allowing consumers to purchase vehicles from across the country [11][12] Future Outlook - The automotive industry is expected to stabilize, with the implementation of trade-in policies and competitive governance leading to a favorable environment for the used car market. The transaction volume is anticipated to continue its steady growth into 2026 [13]

Core Insights - The used car market in China is projected to exceed 20 million transactions by 2025, reaching a historical high [1] - The total transaction volume for used cars is expected to be 20.1 million units, with a year-on-year growth of 2.52%, and a cumulative transaction value of 1.28979 trillion yuan [1] - The market for used new energy vehicles is anticipated to reach 1.6 million units, accounting for 7.9% of the total used car transactions [1] Market Characteristics - The used car market will exhibit four key characteristics by 2025: enhanced cross-regional circulation, increased proportion of new energy used cars, stable average transaction prices, and improved inventory management [1] - The transfer rate of used cars is expected to rise to 34.9% by December 2025, an increase of 4.7 percentage points compared to the previous year [1] - The increase in regional circulation vitality is expected to effectively release the circulation value of used cars and alleviate local dealers' inventory pressure, reflecting a growing consumer preference for used cars beyond regional limitations [1]

Overall Market Performance - In December 2025, the national used car market recorded a transaction volume of 1.8711 million units, representing a month-on-month increase of 7.15% but a year-on-year decrease of 1.53%. The total transaction value reached 120.672 billion yuan [1] - For the entire year of 2025, the cumulative transaction volume of used cars was 20.108 million units, showing a year-on-year growth of 2.52%, with an increase of 493,800 units compared to the previous year. The cumulative transaction value was 1,289.79 billion yuan [1] Market Trends - The used car market in 2025 saw a significant milestone, surpassing 20 million units in transactions, marking a historical high. This growth reflects strong resilience over the past decade [4] - The market exhibited a "low at the beginning and high at the end" trend, with a notable recovery in the second half of the year as new car prices stabilized and consumer confidence improved [4] Key Characteristics of the Market - The trend of cross-regional circulation of used cars continued to strengthen, with a registration transfer rate of 34.9% in December, up 4.7 percentage points year-on-year. This indicates a shift towards diversified and cross-regional consumer choices [5] - The proportion of used new energy vehicles increased, with 1.6 million units sold in 2025, accounting for 7.9% of total transactions, up 2.2 percentage points from the previous year [5] - The average transaction price of used cars stabilized at 64,500 yuan in December, reflecting a balanced supply-demand structure in the market [5] Inventory Management - The average inventory cycle for used cars was 45 days in December, remaining stable compared to November. Dealers have adopted refined management practices to enhance capital turnover efficiency [6] Vehicle Type Analysis - In December, the transaction volume for basic passenger cars was 1.0273 million units, with a month-on-month increase of 6.22% but a year-on-year decrease of 5.96%. SUVs and MPVs also showed varying trends, with MPVs experiencing a year-on-year increase of 5.67% [10] - For the entire year, the cumulative transaction volume of passenger cars was 15.7397 million units, with MPVs showing a notable growth of 7.36% year-on-year [11] Age of Vehicles - In December, vehicles aged 3-6 years accounted for the largest share of transactions at 42.97%, while vehicles under 3 years old saw a slight increase in transaction volume [14] Regional Performance - The Northeast region showed a remarkable performance in December with a transaction volume growth of nearly 10%. All six major regions experienced varying degrees of growth [15][16][17] - The East China region led with a transaction volume of 519,800 units, while the Central South region followed closely with 516,700 units, both showing strong month-on-month growth [15][16] Cross-Regional Circulation - The registration transfer rate for used cars reached 34.90% in December, with a total of 653,000 units transferred, marking a month-on-month increase of 10.39% [20]

Core Insights - The report provides insights into the second-hand car market, addressing common concerns of car owners regarding selling prices and timing [1][13] - It emphasizes the importance of using reliable data sources for assessing car value, highlighting the limitations of average depreciation rates [2][3] Market Dynamics - The valuation of second-hand cars is influenced by various factors including vehicle condition, accident history, and market demand, which can lead to discrepancies between expected and actual selling prices [2][7] - The report indicates that the depreciation of second-hand cars is not linear, with significant value loss occurring in the first few years, particularly for fuel vehicles and electric vehicles [8][10] Selling Strategies - To maximize selling price, car owners should consider timing their sale during peak demand periods and focus on popular models and good vehicle conditions [7][10] - The report suggests that selling fuel vehicles within three years and electric vehicles within two years can help retain more value [10] Cross-Regional Selling - The trend of cross-regional sales is increasing, with online platforms facilitating broader market access, allowing sellers to reach buyers in areas with higher demand [11][12] - The report notes that the cross-province transaction rate on the platform is significantly higher than the industry average, indicating a shift in how second-hand cars are traded [11] Platform Advantages - The platform offers advantages for individual sellers by eliminating intermediaries, providing transparent vehicle assessments, and generating accurate market pricing based on extensive transaction data [12] - The report positions the platform as a key player in enhancing consumer confidence in the second-hand car market, aiming to help sellers achieve better prices with less depreciation [13]