Used car market in China

19 Jan Used car market in China

(Oilandgaspress) Data from the China Automobile Dealers Association show that used car transactions in the nation surpassed the 20-million-unit threshold for the first time in 2025, reaching 20.108 million units. Transaction volume rose 2.52 percent year-on-year, while total transaction value amounted to 1.29 trillion yuan ($185 billion) last year.

Further, used cars are increasingly becoming the first vehicle of choice for younger buyers, according to a used car consumption insight report released by automotive information platform Dongchedi in December.

Cost-effectiveness ranks as the top consideration for this buyer group, with most purchases concentrated in the 50,000-100,000 yuan price range, the report showed.

With nearly 37 million New Energy Vehicles (NEVs),  on China’s roads, growth in the used NEV segment has been particularly striking. From January to November, a total of 1.44 million used NEVs were traded nationwide, up 43.3 percent year-on-year, according to CADA.

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