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。 ...

Core Insights - The second-hand car market in China showed a trading volume of 1.66 million units in July 2025, with a month-on-month increase of 0.2% and a year-on-year increase of 3.2% [1][4] - The total transaction amount for July reached 106.01 billion yuan, while the cumulative trading volume from January to July was 11.23 million units, reflecting a year-on-year growth of 2.17% [1][4] Market Performance - The average transaction price for second-hand cars in July was 63,800 yuan, down 700 yuan from the previous month and 1,300 yuan from the same month last year, indicating a continued downward trend in prices, although the rate of decline has narrowed [4] - The proportion of nearly new cars (under 3 years old) reached 26%, an increase of 1 percentage point compared to the same period last year, indicating improved supply of high-quality vehicles [4] - The average inventory turnover period extended to 45 days, indicating a slowdown in inventory turnover and increased capital occupation costs for dealers [4] Market Trends - The current trend in the automotive market is towards reduced new car price cuts and promotional efforts, which is expected to positively impact the second-hand car market by stabilizing consumer price expectations and stimulating demand [5] - The penetration rate of second-hand new energy vehicles surpassed 10% for the first time, becoming a significant variable in reshaping the market landscape [5] Vehicle Type Analysis - In July, basic passenger cars traded amounted to 924,100 units, with a month-on-month increase of 0.15% and a year-on-year increase of 0.5% [8] - The SUV segment saw 217,400 units traded, with a month-on-month increase of 0.57% and a year-on-year increase of 0.03% [8] - Commercial vehicles also showed positive performance, with 96,000 buses traded (up 7.87% year-on-year) and 147,000 trucks (up 10.62% year-on-year) [9] Regional Performance - The East China region experienced a decline in trading volume, with a total of 464,400 units, down 1.59% month-on-month [15] - The Northeast region stood out with a significant growth of 10.39%, trading 139,400 units in July [17] - The North China region saw a 2% increase in trading volume, totaling 260,100 units, with notable growth in Hebei and Shanxi provinces [16] Cross-Regional Flow - The second-hand car transfer rate reached 30.41%, an increase of 0.9 percentage points from the previous month and 1.4 percentage points year-on-year, with a total of 505,100 vehicles transferred [21]

Core Insights - The second-hand car market in China is showing signs of stabilization and improvement, with a notable increase in transaction volume in June 2025 compared to previous months and the same period last year [1][2]. Market Performance - In June 2025, the national second-hand car transaction volume reached 1.6575 million units, representing a month-on-month growth of 3.34% and a year-on-year growth of 9.12% [1]. - From February to June 2025, the transaction volume consistently outperformed the same months in 2024, with year-on-year growth rates of 15.78%, 2.6%, 1.33%, 1.22%, and 9.12% respectively [1]. - The cumulative transaction volume for second-hand cars from January to June 2025 was 9.5701 million units, reflecting a year-on-year increase of 1.99% [2]. Inventory and Supply Chain - The improvement in transaction volume has led to enhanced inventory turnover efficiency, with 29.9% of companies having an inventory cycle of less than 15 days in June 2025, compared to only 10.5% in June 2024 [2]. - The average inventory cycle in June 2025 was 43 days, down from 56 days in June 2024 [2]. Market Trends and Consumer Behavior - The second-hand car market is expected to maintain a steady growth trend, with July 2025 projected to see transaction volumes around 1.65 million units, similar to June [3]. - The replacement rate in the industry remains above 60%, driven by government policies and consumer incentives, which has increased the supply of second-hand cars [3]. - The price stability in the new car market has positively influenced consumer expectations for second-hand car prices, potentially reversing the downward price trend [3]. Electric Vehicle Segment - The transaction volume of second-hand electric vehicles (EVs) reached 141,100 units in June 2025, marking a month-on-month increase of 16.7% and a year-on-year increase of 64% [6]. - The penetration rate of second-hand EVs has risen to 9.9% as of May 2025, up from 8% at the beginning of the year [6]. - The average retail price of second-hand EVs in the first half of 2025 was approximately 96,000 yuan, with popular models including Hongguang MINIEV, Model 3, and Model Y [6]. Price Dynamics - The average transaction price of second-hand EVs decreases significantly with age, with vehicles aged 1 year selling for 71% of the new car price, and those aged 5-6 years selling for only 31% [7]. - Concerns regarding battery performance are prevalent among consumers, particularly for lower-priced second-hand EVs [7]. Future Outlook - Industry experts express confidence in the second-hand car market for 2025, with a majority anticipating a transaction volume increase of up to 10% [4]. - The second-hand EV market is viewed as a significant growth area, although challenges such as low profit margins and market volatility remain [8].

Market Overview - In June 2025, the national used car market saw a transaction volume of 1.6575 million units, with a month-on-month increase of 3.34% and a year-on-year increase of 9.12%. The total transaction value reached 106.839 billion yuan [3] - From January to June 2025, the cumulative transaction volume of used cars was 9.5701 million units, representing a year-on-year growth of 1.99%, with a total transaction value of 623.238 billion yuan [3][13] Weekly Analysis - From July 21 to 27, 2025, the used car market maintained steady performance with an average daily transaction volume of 65,000 units, a month-on-month increase of 0.79% but a decrease of 1.9% compared to the same period in June [6] Segment Market Changes - In June 2025, the transaction volume of basic passenger cars was 922,700 units, with a month-on-month increase of 2.22% and a year-on-year increase of 5.80%. SUVs sold 216,200 units, with a month-on-month increase of 3.20% and a year-on-year increase of 4.96% [8] - Commercial vehicles also showed positive trends, with passenger cars selling 95,700 units (up 4.64% month-on-month) and cargo vehicles selling 146,500 units (up 4.67% month-on-month) [8] Vehicle Age Analysis - In June 2025, vehicles aged 3-6 years accounted for the largest share of transactions at 42.23%, a month-on-month increase of 0.15% but a year-on-year decrease of 2% [19] - For the first half of 2025, vehicles aged 3-6 years also dominated, accounting for 45.3% of transactions, a year-on-year decrease of 1.2 percentage points [20] Price Range Analysis - In June 2025, the largest market share was for vehicles priced below 30,000 yuan, accounting for 31.2%, a month-on-month decrease of 1.2 percentage points. Conversely, the share of vehicles priced between 80,000 and 150,000 yuan increased [25] - The average transaction price for used cars in June was 64,500 yuan, showing a slight increase from May and the same period last year [28] Regional Performance - In June 2025, the East China region had a transaction volume of 471,900 units, up 3.03% month-on-month. The South Central region followed closely with 452,500 units, up 2.99% month-on-month [26] - The Southwest region was the only area to see a decline, with a transaction volume of 250,600 units, down 0.63% month-on-month [26] New Energy Vehicle Market - In June 2025, the national transaction volume of used new energy vehicles reached 141,100 units, a month-on-month increase of 16.7% and a year-on-year increase of 64% [32] - From January to June 2025, the cumulative transaction volume of new energy vehicles was 686,500 units, a year-on-year increase of 35.5% [32] Used Car Circulation Analysis - The transfer rate of used cars in June was 29.52%, a month-on-month decrease of 0.22 percentage points but a year-on-year increase of 1.1 percentage points. The total transfer volume was 489,200 units, up 2.58% month-on-month [44] Dealer Insights - In June 2025, the top five provinces for transfer rates were Beijing (34.38%), Zhejiang (31.86%), Hebei (31.56%), Guangdong (31.56%), and Shanghai (30.69%) [51]

Core Insights - The used car market in China is experiencing a seasonal downturn, with over 60% of dealers reporting weak customer traffic and 30% indicating sales have dropped to early July's low levels [1][2] - Despite the recent decline, the trading volume has shown a slight weekly increase since the second week of July, supported by a stable replacement rate above 60% due to vehicle replacement policies [1] - The average daily trading volume for the week of July 28 to August 3 was 63,900 units, reflecting a 1.64% decrease from the previous week and a 0.7% decline compared to the same period last year [1] Market Trends - The market is currently in a traditional off-season, leading to decreased trading volume and dealer challenges such as inventory buildup and cash flow issues [2] - However, seasonal consumption patterns remain, and improvements in weather, increased travel demand, and upcoming holidays and promotions are expected to create a small consumption peak [2] - The stabilization of new car prices has positively impacted the used car market by encouraging consumers to trade in old vehicles and stabilizing price expectations [1] Regional Analysis - The overall used car market shows a slight downward trend, with only the Northeast and Northwest regions experiencing growth in trading volume [6] - In East China, the average daily trading volume was 22,500 units, down 1.52% from the previous week, with cities like Xiamen and Hefei showing significant declines of 20% and over 10%, respectively [7] - The North China region's trading volume remained stable at 2,500 units, but Beijing and Langfang saw declines of 5.6% and over 10% [7] - The Northeast region reported a daily trading volume of 2,400 units, up 5.42%, with cities like Dalian and Jixi showing increases exceeding 15% [8] - In Southwest China, the average daily trading volume was 12,600 units, down 2.53%, with Chengdu and Chongqing experiencing declines of 4.3% and 5.3% [8] - The Central South region's trading volume was 22,700 units, down 2.42%, with significant drops in cities like Changsha (25%) and Wuhan (over 20%) [8] - The Northwest region reported a daily trading volume of 1,100 units, up 6.56%, with Xining showing a notable increase of over 15% [8]

Group 1 - The core point of the article is that Xinhua Jin (SH 600735) held its 17th meeting of the 13th Board of Directors on July 31, 2025, to discuss the proposal for the board's re-election and other documents [2] - In the fiscal year 2024, Xinhua Jin's revenue composition is as follows: hair products accounted for 54.75%, e-commerce for 22.77%, textiles for 11.89%, used cars for 8.17%, and others for 1.54% [2]

（文章来源：北京商报） 北京商报讯7月31日，中国汽车流通协会发布的数据显示，今年7月1日―27日，全国二手车市场累计交 易148万辆，预计全月交易量约165万辆。 ...

Core Insights - The second-hand car market in China is showing steady performance with an average daily transaction volume of 65,000 units from July 21 to July 27, reflecting a month-on-month increase of 0.79% despite a year-on-year decrease of 1.9% compared to June [1] - The total transaction volume from July 1 to July 27 reached 1.48 million units, with an expected total for the month of around 1.65 million units, remaining stable compared to June [1] Market Dynamics - The new car market's stable pricing has stimulated consumer enthusiasm for trading in old cars, increasing market supply and stabilizing consumer expectations for second-hand car prices, which may reverse the downward price trend [2] - Despite being in a traditional off-season, the second-hand car market is expected to see a small consumption peak due to improved weather, increased travel demand, and upcoming holidays and promotional activities [2] Regional Performance - The East and Southwest regions are the main drivers of market growth, while the Northeast, North China, and Central South regions have shown slight declines [5] - In the East region, the average daily transaction volume reached 22,900 units, with a month-on-month increase of 4.62%, particularly in cities like Nanchang and Shanghai, which saw increases of 7.6% and 6.2% respectively [7] - The North region's average daily transaction volume was 2,500 units, showing a decrease of 3.56%, with Beijing experiencing a decline of 6.1% [7] - The Southwest region recorded an average daily transaction volume of 13,000 units, with a month-on-month increase of 2.59%, driven by growth in Chengdu and Chongqing [8] - The Central South region's average daily transaction volume was 23,300 units, reflecting a decrease of 2.77%, with notable declines in Guangzhou and Nanning [8] - The Northwest region's average daily transaction volume remained stable at 1,000 units, with significant declines in Bazhou and Xining, while Yulin showed strong growth [8]

本周市场景气度不高，交易规模跌至3月底水平。4月份属于二手车市场淡季，客流量与3月份基本持 平，市场需求疲软，销量降低。预计5月初市场仍面临较大压力，后期或将有所恢复。 一、4月二手车周度交易走势 | (资料图) | | --- | 5月8日，中国汽车流通协会公布数据显示，4月最后一周二手车市场日均交易量5.77万辆，环比上一周 下降了7.36%，交易规模跌至3月底水平。纵观4月份各周度市场表现，只有第三周日均突破6万辆，达 到之前的景气水平，其余三周市场均表现一般，与春节后期的市场火爆程度仍有较大差距。 从各区域的交易情况来看，本周西部地区表现较市场持平或略有增长，其它地区均有不同程度的下降。 周表现最好的是西部地区，西北地区日均交易量0.09万辆，交易规模持平。西南区一直是表现比较优异 的区域，本周继续增长3.93%，日均交易量1.18万辆，贵州、成都和昆明本周均有增长，尤其是成都地 区增长15%，后期来看发展潜力很大，继续看好。 综合来看，本周市场景气度不高，交易规模跌至3月底水平。4月份属于二手车市场淡季，客流量与3月 份基本持平，市场需求疲软，销量降低。预计5月初市场仍面临较大压力，后期或将有所恢复 ...

Core Insights - The new car market has outperformed the used car market in the first half of 2025, with new car sales exceeding 15 million units, showing a year-on-year growth of over 10% [2][3] - Used car transactions reached 9.57 million units, with a modest year-on-year growth of only 1.99%, falling short of industry expectations [2][3] Used Car Market Performance - The used car market has been overshadowed by the new car market, with a significant shift in consumer preference towards new vehicles due to frequent price reductions [3] - In June, used car transaction volume increased to 1.66 million units, marking a month-on-month growth of 3.34% and a year-on-year increase of 9.12%, but the average inventory cycle extended to 43 days [3][11] - Despite challenges, industry sentiment remains cautiously optimistic, with 53.57% of participants in a recent conference predicting a transaction volume increase of less than 10% for the year [3] Pricing Trends - The average transaction price of used cars has been on a downward trend, influenced by the new car market's promotional pricing, which has disrupted the existing pricing structure [4] - The average retail price of used new energy vehicles (NEVs) is approximately 96,000 yuan, with a notable increase in the transaction share of models priced between 80,000 and 150,000 yuan [6] New Energy Vehicle Insights - The penetration rate of used NEVs has been rising, with retail sales of NEVs reaching 5.47 million units in the first half of 2025, a year-on-year growth of 33.3% [6] - The share of used NEVs in the overall used car market is expected to grow, with the penetration rate increasing from 8% at the beginning of the year to 9.9% by May [6][8] - The majority of used NEVs sold are pure electric vehicles, accounting for nearly 75% of retail volume, with significant contributions from brands like Tesla and BYD [7][8] Market Outlook - The second half of 2025 is anticipated to see a market recovery, driven by seasonal demand and the potential for new car price stabilization [11] - The adjustment of consumption tax on super luxury cars may benefit high-value used car dealers, although the overall impact on the used car market is expected to be limited [12]