China Automobile Dealers Association: The average daily trading volume of used cars from January 13th to 19th was 64,200, a decrease of 2.78% compared to the previous week.

The China Automobile Dealers Association released the weekly report on used car transactions (January 13, 2025 - January 19, 2025). In the third week of January, the average daily transaction volume of used cars was 64,200 vehicles, a decrease of 2.78% compared to the previous week and a 7.5% decrease compared to the same period last month. According to statistics from January 1st to 19th, 2025, the transaction volume of used cars was 1.175 million vehicles, a 5.3% decrease compared to the same period in December. Research feedback showed that more than half of used car dealers reported a decrease in customer flow, and 40% of dealers reported a decline in sales volume. This phenomenon is mainly attributed to the consumption demand before the Spring Festival being saturated and market consumption capacity being weak this week, leading to a significant decrease in demand. Furthermore, as the Spring Festival approaches, some dealers have cleared their inventory and returned home early, which is also an important factor contributing to the decrease in transaction volume this week. This week, transaction prices also showed a certain amount of correction. It is worth noting that the transaction amount of used cars has exceeded the trillion mark, but this does not mean that revenue has reached the trillion mark. Compared to other global markets, the Chinese used car market has its own unique market characteristics and development path. The growth in used car transaction volume reflects not only a change in consumer car purchasing habits but also the gradual release of market potential. This also highlights the necessity and urgency of market ecological and structural adjustments. At the same time, the prosperity of the used car market and the development of automotive finance depend on each other and promote each other, providing strong support for the internal driving force of the automotive market. In conclusion, although the used car market in January faces short-term challenges, in the long run, multiple factors such as policy promotion, market demand release, and industry consolidation will work together to help market development, and the future prospects are still broad. In particular, the continued advancement of new energy policies and the implementation of policies like the "scrappage for new" policy will bring new development opportunities to the used car market and promote its continuous healthy development. Therefore, it is recommended that companies closely monitor market dynamics, follow policy directions, and flexibly adjust their business strategies to respond to market changes. At the same time, companies should actively explore innovative business models and service methods to accurately meet the increasingly diverse needs of consumers. By strengthening market research and analysis, accurately grasping market trends, companies can lay a solid foundation for their future development. Only by continuously improving their competitiveness can companies stand undefeated in fierce market competition and achieve sustainable development goals. Weekly Regional Analysis of Used Car Transactions This week, the transaction volume of the national used car market decreased to varying degrees. In particular, the North China, Northeast, and Southwest regions saw more significant declines. Specifically, the daily average transaction volume of used cars in the East China region this week was 20,300 vehicles, a decrease of 2.25 percentage points compared to the previous week. Key markets like Jiangsu, Zhejiang, and Shanghai saw a slight average decrease of 1%, while Jiangxi decreased by 3.5%. Jinan experienced a more significant decline this week, with a 6% decrease compared to the previous week. In the North China region, the daily average transaction volume of used cars this week was 2,400 vehicles, a 6.59% decrease compared to the previous week, making it the region with the most significant decline among the six major regions. Hebei experienced a decrease of over 10%, while Beijing saw a marginal decrease of 0.6%. In the Northeast region, the daily average transaction volume of used cars was 2,000 vehicles, a 4.24% decrease compared to the previous week. Due to cold weather, the northern markets were slightly weaker overall. The transactions of used cars in Dalian, Changchun, Harbin, and other places declined. Dalian saw a decrease of 1% this week, Changchun decreased by 4%, and Harbin had a decrease of nearly 6% this month. In the Southwest region, the daily average transaction volume of used cars was 12,500 vehicles, a 5.88% decrease compared to the previous week, indicating a continued weakening of market demand in January. Looking at the main cities, Kunming saw a significant decline of 10% in transactions this week, while Lhasa decreased by 15%. However, Chengdu's market performance stood out this week with a 3.7% increase compared to the previous week. In the Central and Southern regions, the daily average transaction volume of used cars was 25,800 vehicles, a 1.05% decrease compared to the previous week, indicating a relatively stable market. Looking at the performance of major cities, Wuhan, after experiencing high growth last week, saw a significant correction this week, with a decrease of over 20%. Changsha saw an increase of 7.3%. In the Northwest region, the daily average transaction volume of used cars was 1,200 vehicles, a 4.68% decrease compared to the previous week. In key areas, Xinjiang saw a decrease of 12.6% and Yulin saw a decrease of 7%, while Xi'an and Xining saw increases of 7% and 10%, respectively.