Core Insights - The second-hand car market in China shows significant recovery in the first week of December, with an average daily transaction volume of 67,500 units, representing a week-on-week increase of 3.46% [1] - The trading volume and growth rate exceeded industry expectations, with the share of used new energy vehicles reaching 18.3%, up by 2.1 percentage points from the previous week, indicating a structural shift towards new energy vehicles [1] Market Drivers - The growth is driven by two main factors: new car dealers implementing "inventory clearance" strategies to meet annual sales targets, and an increase in consumer demand due to year-end bonuses and holiday travel [3] - The market is expected to exhibit a "high at the beginning and stable later" trend in late December, with promotional efforts from dealers likely to decrease as inventory pressures ease [3] Regional Performance - The second-hand car market shows a mild upward trend across various regions, with notable growth in North China, East China, Northwest, Southwest, and Central South regions, while Northeast China remains stable [4] - In East China, the average daily transaction volume reached 25,100 units, with a week-on-week increase of 1.35%, and cities like Wenzhou and Nantong saw transaction volume growth exceeding 20% [4] - North China recorded an average daily transaction volume of 2,800 units, with Beijing and Chifeng markets experiencing significant recovery, while cities like Langfang and Tianjin saw declines [6] - The Southwest region's average daily transaction volume was 11,500 units, with cities like Kunming and Guiyang showing growth rates over 15% [7] - In Central South, the average daily transaction volume was 24,600 units, with Guangzhou's growth exceeding 25%, while Changsha experienced a notable decline of 18.5% [7] - The Northwest region had an average daily transaction volume of 1,100 units, with Lanzhou showing a remarkable increase of 25% [8]