Market Overview - In February 2025, the national used car market saw a transaction volume of 1.3912 million units, a month-on-month decrease of 4.79% but a year-on-year increase of 15.78%, with a transaction value of 89.858 billion yuan [3] - From January to February 2025, the cumulative transaction volume was 2.8525 million units, a year-on-year decrease of 1.3%, with a cumulative transaction value of 186.221 billion yuan [3][12] Segment Analysis - In February 2025, the transaction volume for basic passenger cars was 804,700 units, down 4.12% month-on-month but up 13.99% year-on-year; SUVs sold 185,900 units, down 5.77% month-on-month but up 13.98% year-on-year; MPVs sold 91,100 units, down 4.87% month-on-month but up 20.84% year-on-year [8] - The average transaction price of used cars in February 2025 was 64,600 yuan, a decrease of 1400 yuan from January and a decrease of 500 yuan from the same period last year [26] Price Range Analysis - In February 2025, the largest market share was for vehicles priced below 30,000 yuan, accounting for 33%, with a month-on-month increase of 2.1 percentage points; vehicles priced between 30,000 and 50,000 yuan accounted for 27.1%, with a month-on-month increase of 1.7 percentage points [23] Regional Analysis - In February 2025, the transaction volume in the North China and Northeast regions increased month-on-month, while other regions saw declines, with the Central South and Southwest regions experiencing the largest decreases [24] New Energy Vehicle Market - In February 2025, the national transaction volume of used new energy vehicles was 98,600 units, an increase of 8.6% month-on-month and 52.4% year-on-year; from January to February 2025, the cumulative transaction volume was 189,400 units, a year-on-year increase of 22.9% [30] Vehicle Age Analysis - In February 2025, vehicles aged 3-6 years accounted for the largest share of transactions at 47.96%, a month-on-month decrease of 2.78% but a year-on-year increase of 0.64% [17] Dealer Insights - In February 2025, the top five provinces by transfer rate were Beijing, Zhejiang, Hebei, Guangdong, and Shanghai, with Beijing's transfer rate at 36.3%, a month-on-month decrease of 0.9% [49]