Cui Dongshu: By 2025, the total national second-hand car transaction volume will be 20.11 million units, an increase of 2.5% year-on-year.

In December 2025, the national second-hand car market trade volume was 1.87 million units, up 7% from the previous month, down 1.5% year-on-year, with a trade amount of 120.7 billion yuan, up 0.6% year-on-year. From January to December 2025, the cumulative trade volume of second-hand cars was 20.11 million units, up 2.5% year-on-year, with a trade amount of 1,289.8 billion yuan, up 0.4%. In recent years, the proportion of second-hand car transfers has fluctuated between 25% and 30%, reaching a historical high in December 2025 at 34%. In December 2025, the trade volume of second-hand cars in Shanxi Guoxin Energy Corporation was 169,000 units, up 8.7% from the previous month and 36.5% year-on-year, with a new energy penetration rate of 12%. From January to December 2025, the cumulative trade volume of new energy second-hand cars was 1.61 million units, up 43% year-on-year. At the call of the China Automobile Dealers Association, the circulation of second-hand cars has improved. Local traffic management departments are working efficiently to facilitate the circulation of second-hand cars. Compared to developed countries in the international market, the trading proportion of second-hand cars in China is relatively low. However, with the rapid rise of the second-hand car market, especially in new energy vehicles, ordinary consumers in China have a huge advantage in terms of low-cost car purchasing and usage. Although the national scrapping and renewal policy has temporarily slowed down, the development potential of the second-hand car market in China is huge. The second-hand car business of automobile dealerships and the scrapping and renewal of cars will inevitably experience strong growth in 2026. 1. Industry development is back on the fast track The second-hand car market was active in 2023-2024, achieving strong growth. Due to the Spring Festival factor, the first half of 2025 saw weaker second-hand car trading, gradually warming up from June to September. Although November saw weaker second-hand car trading, December showed a stronger trend, with some stocking cars waiting for the second-hand car replacement subsidy in 2026. In recent years, the development of the second-hand car market has been rapid, rising from 12.4 million units in 2017 to 19.61 million units in 2024, an increase of 7.2 million units in seven years. The total trading volume of second-hand cars in December 2025 was 1.87 million units, up 7% from the previous month, down 1.5% year-on-year, with a trade amount of 120.7 billion yuan, up 0.6% year-on-year. From January to December 2025, the cumulative trade volume of second-hand cars was 20.11 million units, up 2.5% year-on-year, with a trade amount of 1,289.8 billion yuan, up 0.4%. Due to the diversification of second-hand car trading, the prices of second-hand cars have remained relatively stable in recent years, which is good for the automotive market. 2. Second-hand car trading structure The structure of the second-hand car market shows continued growth in the SUV and MPV markets, while the passenger car market has relatively shrunk. With the high proportion of sedans, the overall structure of the second-hand car market is trending towards high-end consumption of SUVs and MPVs, similar to new car consumption. 3. Second-hand car trading age The trading performance of nearly new cars in the second-hand car market has been strong, mainly due to new energy vehicles becoming part of the second-hand car market. Currently, the trading structure of second-hand cars shows a gradual increase in older cars, with older cars accounting for 11.4% of the total trade volume...