Core Insights - The used electric vehicle (EV) market is thriving, but battery degradation issues are a significant concern for consumers [1] - Battery performance decline directly affects vehicle value, and warranty terms from automakers often have stringent conditions [1] - Guazi Used Cars has introduced a "100-day battery degradation guarantee" to address industry challenges and rebuild market confidence [1] Industry Overview - The rise of the used EV market is accompanied by consumer anxiety regarding battery life and warranty limitations [1] - Experts from the China Automobile Circulation Association highlight the impact of battery performance on vehicle valuation [1] Company Initiatives - Guazi Used Cars is taking proactive measures by offering a battery degradation guarantee to alleviate consumer concerns [1] - The initiative aims to shift consumer perception from "battery anxiety" to "safety net services" [1]

Core Viewpoint - The second-hand car market in China is showing signs of recovery, with daily transaction volumes reaching a peak since June, indicating a stabilization and upward trend in the market [1] Market Performance - From August 4 to 10, 2025, the average daily transaction volume in the second-hand car market was 65,300 units, reflecting a month-on-month increase of 2.1% and a year-on-year increase of 1.4% [1] - 32.6% of car dealers reported improved offline customer traffic, and over 35% of businesses experienced weekly growth in transaction volumes [1] - There is a notable increase in dealer inventory levels in preparation for the "Golden September" sales season [1] Pricing Trends - 60% of companies maintained stable end prices, while 19% reported slight increases in terminal selling prices, indicating a positive trend towards market recovery [1] Policy Environment - Local governments are steadily implementing market stimulus policies, with the third batch of subsidy funds allocated in late July 2025 and some regions restarting trade-in policies with innovative subsidy forms [1] - These policy incentives are expected to further boost the growth rate of the second-hand car market in August [1] Segment Analysis - The market for second-hand new energy vehicles is performing well, significantly reducing the purchase and usage costs for ordinary consumers [1] - From January to June 2025, the transaction volume of second-hand new energy vehicles reached 686,500 units, a year-on-year increase of 35%, accounting for 9.07% of the total second-hand passenger car transactions [1]

Core Insights - The second-hand car market in China is showing signs of recovery, with average daily transaction volume reaching 65,300 units during the week of August 4-10, 2025, marking a 2.1% increase from the previous week and a 1.4% year-on-year increase compared to July 2025 [1][2] Market Performance - 32.6% of car dealers reported improved offline customer traffic, and over 35% of businesses experienced weekly transaction volume growth [2] - 60% of companies maintained stable end prices, while 19% reported slight increases in end prices, indicating a recovery phase for the industry [2] Policy Impact - Local governments are steadily implementing market stimulus policies, with the third batch of subsidy funds allocated in late July 2025, and some regions restarting trade-in policies with diversified subsidy forms [2] - The release of policy benefits is expected to further boost the growth of the second-hand car market in August 2025 [2] Segment Analysis - The second-hand market for new energy vehicles is performing well, with transaction volume reaching 686,500 units from January to June 2025, a 35% year-on-year increase, accounting for 9.07% of total second-hand passenger car transactions [2] Regional Performance - The North China, East China, and Central South regions showed varying degrees of growth in second-hand car transaction volumes, while the Northeast and Southwest regions experienced declines [5][6][7] - East China recorded an average daily transaction volume of 23,100 units, with notable growth in cities like Xiamen and Hangzhou, both exceeding 20% [5] - North China saw an average daily transaction volume of 2,600 units, with Tianjin's market growth exceeding 20% [5] - The Northeast region's average daily transaction volume decreased by 4.59%, with Dalian's market down by 10% [6] - The Southwest region's average daily transaction volume fell by 2.5%, with significant declines in cities like Kunming [6] - Central South region's average daily transaction volume increased by 4.43%, with Wuhan's market growing over 20% [7] - The Northwest region's market remained stable, with an average daily transaction volume of 1,100 units [7]

Group 1: Market Performance - From August 1 to 10, the national passenger car retail market sold 452,000 units, a year-on-year decrease of 4%, but a month-on-month increase of 6%. Cumulative retail sales for the year reached 13.198 million units, a year-on-year increase of 10% [1][4] - During the same period, wholesale sales of passenger cars reached 403,000 units, a year-on-year increase of 16%, but a month-on-month decrease of 3%. Cumulative wholesale sales for the year reached 15.927 million units, a year-on-year increase of 13% [1][8] Group 2: New Energy Vehicles - In the first ten days of August, retail sales of new energy passenger cars reached 262,000 units, a year-on-year increase of 6%, with a retail penetration rate of 57.9%. Cumulative retail sales for the year reached 6.717 million units, a year-on-year increase of 28% [1][4] - Wholesale sales of new energy vehicles during the same period were 229,000 units, a year-on-year increase of 15%, with a wholesale penetration rate of 56.8%. Cumulative wholesale sales for the year reached 7.862 million units, a year-on-year increase of 35% [1][4] Group 3: Market Trends and Policies - Recent promotional policies in various regions have been steadily advancing, with the third batch of subsidy funds distributed, and the "trade-in" program gradually restarting, which is expected to improve sales growth in August [4] - The automotive industry is experiencing a dual push from both domestic and international demand, with a notable improvement in industry order due to the rapid implementation of macro policies [8] - The second-hand car market is also showing signs of improvement, with a total transaction volume of 9.57 million units in the first half of 2025, reflecting a year-on-year increase of 2% [9]

从出口市场看，上半年中小企业对美国出口额为93.3亿美元，同比增长1.1%，继续位居第一。中小 企业部表示，美国关税上调预期可能促使企业提前将库存转移至美国，但未来出口可能受高关税影响。 （原标题：韩中小企上半年出口同比增3%） 除这三类外，多数出口品类表现低迷。塑料制品(-3.3%)、汽车零部件(-0.6%)、合成树脂(-8.2%)、 半导体(-1.9%)、电子应用器件(-1.1%)、机械元件(-3.6%)及其他机械(-31.2%)等出口均出现下降，显示产 业间温差明显。 韩国《韩国经济》8月4日报道，韩国中小企业部4日公布，今年上半年韩国中小企业出口额为567亿 美元（约78.6万亿韩元），同比增长3%，连续七个季度实现同比增长。出口增长主要得益于化妆品、 二手车和半导体设备三大品类，其中K-化妆品热潮推动化妆品出口达39.4亿美元，同比增长19.7%，汽 车出口（以二手车为主）激增73.7%，半导体设备出口增长3.4%。 ...

Core Viewpoint - The recent policy changes in China regarding the transfer of used cars, particularly those meeting the National V emission standards, are expected to significantly boost the used car market and enhance consumer spending potential [1][2]. Group 1: Policy Changes and Market Impact - The State Council's decision to lift restrictions on the transfer of small non-operational used cars meeting National V emission standards will take effect on August 1, with further changes in registration processes starting October 1 [1]. - The removal of migration restrictions has already led to an influx of out-of-province used cars into regions like Suzhou, increasing the availability of vehicles for consumers [2]. - The cancellation of migration limits has expanded the selection of used cars on platforms like Guazi, increasing the range of available vehicles by approximately six times and raising the proportion of cross-regional vehicle transactions from 35% to 80% [2]. Group 2: Industry Adaptation and Growth - Companies are adapting to the new policies by enhancing their operational efficiency and reducing costs associated with vehicle registration, which previously required purchase quotas [2]. - The introduction of temporary license plates and separate registration management for used cars is seen as a significant advantage for businesses operating in restricted cities [2]. - The automotive industry is responding to the growing potential of the used car market by launching certified used car programs, which aim to improve consumer trust and service quality [3]. Group 3: Digitalization and Transparency - Digital platforms are playing a crucial role in enhancing the transparency of used car transactions, allowing for standardized management and detailed vehicle histories to be accessible to consumers [3][4]. - The integration of digital tools enables traditional used car businesses to reach a broader customer base and improve sales efficiency [4]. Group 4: New Energy Vehicle Market - The used new energy vehicle market is experiencing rapid growth, with sales expected to exceed 5.5 million units this year, highlighting the need for regulatory frameworks to ensure market sustainability [5][6]. - The introduction of evaluation standards for used electric vehicles is aimed at addressing consumer concerns regarding battery performance and safety [5]. - The market for used new energy vehicles is projected to continue growing, with the potential for transaction volumes to match those of new vehicles by 2025 [6].

在全国范围取消二手车迁入限制，商务部相关负责人解读——二手车市场 消费潜力加速释放（倾听） 近日，商务部会同发展改革委、工业和信息化部等16部门发布了《关于搞活汽车流通 扩大汽车消费的 若干措施》，提出"支持二手车流通规模化发展，各地区严格落实全面取消二手车限迁政策"等。对此， 商务部相关负责人在接受本报记者采访时表示，全面取消限迁政策以后，二手车将进一步实现全国自由 流通，各地汽车产品供给更加丰富，提升供需适配性，更好满足汽车消费需求。 近日，商务部会同发展改革委、工业和信息化部等16部门发布了《关于搞活汽车流通 扩大汽车消费的 若干措施》（以下简称《若干措施》），提出"支持二手车流通规模化发展，各地区严格落实全面取消 二手车限迁政策"等。《若干措施》要求取消二手车限迁政策基于什么背景？在加快活跃二手车市场方 面还有哪些新举措？记者采访了商务部相关负责人。 该负责人表示，商务部将会同相关部门密切跟踪各地政策落实进展，做好督导检查，确保政策全面实 施、尽快见效。 彻底打通二手车流通的堵点难点 二手车是汽车全生命周期承上启下的重要一环。搞活二手车流通，能够盘活汽车存量，拉动新车消费增 量，对促进汽车梯次消费具有 ...

Core Insights - The second-hand car market in China is experiencing significant growth, with a transaction volume of 1.6575 million units in June 2025, reflecting a 3% month-on-month increase and a 9% year-on-year increase, while the transaction value reached 106.8 billion yuan, up 9.2% year-on-year [1][5] - The cumulative transaction volume for the first half of 2025 reached 9.57 million units, showing a 2% year-on-year increase, although the transaction value slightly decreased by 0.3% to 623.2 billion yuan [1][5] - The market is still in a rapid growth phase, with significant potential for future development, especially in the context of the increasing popularity of new energy vehicles (NEVs) [1][5] Market Development - The second-hand car market is recovering and returning to a fast growth trajectory, with the first half of 2025 showing a notable increase in transaction activity compared to previous years [2] - The transaction structure is evolving, with a growing proportion of newer vehicles (under 6 years old) being sold, indicating a shift towards higher quality and newer models in the second-hand market [7][10] Transaction Volume and Value - In June 2025, the monthly transaction volume was 1.6575 million units, with a cumulative total of 9.57 million units for the first half of the year, while the transaction value for June was 106.8 billion yuan [4][5] - The average transaction price for second-hand cars is trending upwards, with a notable increase in the proportion of vehicles priced between 80,000 to 150,000 yuan [13][17] New Energy Vehicles (NEVs) - The transaction volume of second-hand NEVs reached 141,100 units in June 2025, marking a 64% year-on-year increase, with a cumulative total of 686,500 units for the first half of the year [14] - The penetration rate of second-hand NEVs has risen significantly, from 3.6% at the end of 2022 to 11.3% by June 2025, indicating strong market demand [14] Vehicle Age Structure - The proportion of second-hand cars aged 3 years or less has increased to 27% in the first half of 2025, while vehicles aged 3-6 years accounted for 45.3% [7][15] - The market is seeing a decline in the transaction volume of older vehicles (over 10 years), which suggests a preference for newer models among consumers [7][10] Price Trends - The average price of second-hand NEVs is increasing, with a significant rise in the share of vehicles priced between 80,000 to 150,000 yuan, while the share of vehicles priced below 30,000 yuan is decreasing [13][17] - The depreciation rates for NEVs are stabilizing, with the three-year retention rate for NEVs showing signs of improvement as the market matures [23][24] Inventory and Turnover - The turnover rate for second-hand cars is improving, with the proportion of vehicles in inventory for over 30 days decreasing, indicating a healthier market dynamic [21][22] - The transfer rate of second-hand vehicles has reached a historical high of 30.1% in the second quarter of 2025, reflecting increased market activity and improved transfer processes [19][20]

北京商报讯（记者 刘晓梦）8月11日，中国汽车流通协会发布数据显示，今年7月全国二手车市场交易 量为166.09万辆，环比增长0.2%，同比增长3.2%，交易金额为1060.07亿元。 ...

人民财讯8月11日电，8月11日，中国汽车流通协会发布2025年7月二手车市场简析，7月，全国二手车市 场交易量166.09万辆，环比增长0.2%，同比增长3.2%，交易金额为1060.07亿元。1—7月，二手车累计 交易量1123.10万辆，同比增长2.17%，与同期相比增加23.87万辆，累计交易金额为7292.44亿元。 ...