2025年12月，全国二手车市场交易量187万台，环比增7%，同比降1.5%，交易金额为1207亿元，同比增0.6%。2025年1-12月，二手车累计交易量2011万 台，同比增2.5%，交易额12898亿元，增0.4%。近几年二手车的转籍比例在25到30%之间波动的趋势，2025年12月达到34%的当期历史高位。 2025年12月，全国新能源二手车市场交易量16.9万台，环比增8.7%，同比增长36.5%，新能源渗透率12%。2025年1-12月，新能源二手车累计交易量161万 台，同比增43%。 在中国汽车流通协会的呼吁下，二手车流通改善。各地交管部门办实事，便利群众企业办事，促进二手车流通。但与国际先进的发达国家市场相比，中国 二手车的交易比例相对比较低，而中国的汽车市场起步相对较晚，二手车消费起步更晚，目前二手车正处于快速崛起阶段，未来发展潜力极其巨大。尤其 是新能源车的发展，让中国的更多的普通消费者有了购车和用车的低成本的巨大优势。虽然国家报废更新政策的力度暂时放缓，但中国二手车发展潜力极 其巨大，汽车经销商集团的二手车业务和汽车报废更新蓬勃发展，2026年以旧换新必然是超强增长。 1、行业发展重回 ...

被二手车行业期盼多年的里程碑，终于在2025年迎来兑现时刻。 日前，中国汽车流通协会发布数据显示，2025年，中国二手车市场交易规模以2010.8万辆的成绩首次突破2000万辆大关，同比增长2.52%，累计交易金额为 12897.9亿元，创历史新高。 2000万辆的达成，绝非是单纯的规模扩张，更折射出我国汽车消费结构的深刻变革与消费者理念的重塑。站在这一新起点，二手车行业正逐步从规模扩张转 向质量效益，同时更需直面时代之问，探寻下一程的突破方向。 2000万辆意味着什么？ 近年来，我国二手车市场保持稳定发展态势，行业对于2000万辆的目标期待已久。如今，在交易规模实现历史性突破的同时，我国二手车市场整体活跃度也 不断提升，行业发展日趋成熟理性。中国汽车流通协会分析指出，2025年我国二手车市场主要呈现跨区域流通趋势持续强化、新能源二手车占比持续提升、 二手车交易均价区域稳定、库存管理水平持续优化四大发展特征。 在中国汽车流通协会副会长罗磊看来，2000万辆目标的达成，并非一蹴而就，而是经历了一个蓄势和积累的过程。特别是日趋成熟的二手车市场给这一目标 的达成奠定了坚实的市场基础。近年来，我国汽车保有量稳步提升， ...

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 Viewpoint - The second-hand car market in China is experiencing significant growth, with a projected transaction volume of 1.79 million units in September 2025, reflecting a month-on-month increase of 5.1% and a year-on-year increase of 8% [1][5]. Market Overview - The total transaction volume for second-hand cars from January to September 2025 reached 14.73 million units, a year-on-year increase of 3.6%, with a total transaction value of 946.2 billion yuan, up 0.7% year-on-year [1][5]. - The second-hand car market is still in a rapid growth phase compared to more mature markets in developed countries, indicating substantial future potential [1][5]. Industry Dynamics - The second-hand car market is benefiting from improved circulation and facilitation measures from local traffic management departments, which are enhancing the ease of transactions for consumers and businesses [1]. - The market is seeing a diversification in the types of vehicles traded, contributing to stable transaction prices [5]. Transaction Structure - In September 2025, the structure of second-hand car transactions shows that basic passenger cars accounted for 59.8%, SUVs for 14.1%, and MPVs for 7.5% [6]. - The market is shifting towards higher-end consumption, with a notable increase in the share of SUVs and MPVs [6]. Age Distribution of Vehicles - The proportion of second-hand cars aged 3 years or less reached 25.1% in September 2025, while those aged 3-6 years accounted for 41.1% [7]. - The trend indicates a growing presence of older vehicles in the market, with significant potential for future scrappage and renewal [8]. Price Trends - The average transaction price of second-hand cars is becoming more pragmatic, with an increasing share of vehicles priced between 30,000 to 50,000 yuan, while the share of vehicles priced below 30,000 yuan is declining [13]. - The transaction price structure for new energy second-hand cars is also evolving, with a notable increase in the share of vehicles priced between 50,000 to 80,000 yuan [18]. New Energy Vehicle Market - The transaction volume of second-hand new energy vehicles reached 15.91 million units in September 2025, marking a year-on-year increase of 58.3% [14]. - The penetration rate of second-hand new energy vehicles has risen from 3.6% at the end of 2022 to 11.8% by September 2025, indicating strong growth potential [14]. Vehicle Transfer and Inventory - The transfer rate of second-hand vehicles has increased, reaching 30.4% in the third quarter of 2025, reflecting improved convenience in vehicle transfers [20]. - The inventory pressure for second-hand cars is gradually improving, with a notable decrease in the proportion of vehicles held for over 30 days [23]. Resale Value - The three-year resale value for new energy vehicles is currently low but is expected to stabilize as the market matures [24][25]. - The depreciation of older new energy vehicles is being mitigated by the increasing value of battery components, suggesting a potential for better resale values in the future [25].