Cui Dongshu: In the period from January to October 2025, the sales of used cars increased by 3.5% to 16.49 million units, with a transaction amount of 105.72 billion yuan, an increase of 0.6%, and the penetration rate of new energy vehicles was 11.2%.

Cui Dongshu of China Association of Automobile Manufacturers wrote in an article that in October 2025, the nationwide transaction volume of used cars was 1.76 million units, a decrease of 2% compared to the previous month, and an increase of 2.7% year-on-year. The transaction amount was 111 billion yuan, a decrease of 0.8% year-on-year. From January to October 2025, the cumulative transaction volume of used cars was 16.49 million units, an increase of 3.5% year-on-year, with a transaction value of 105.72 billion yuan, up by 0.6%. In recent years, the proportion of used cars being transferred has fluctuated between 25% and 30%, reaching a historical high of 33.1% in October 2025. In October 2025, the transaction volume of new energy used cars in the country was 148,000 units, a decrease of 7% compared to the previous month, and an increase of 42% year-on-year, with a penetration rate of 11.2%. From January to October 2025, the cumulative transaction volume of new energy used cars was 1.284 million units, an increase of 44% year-on-year. Under the call of the China Automobile Dealers Association, the circulation of used cars has been improved. Local transportation management departments have taken practical measures to facilitate the masses and enterprises, promoting the circulation of used cars. Compared with the markets in advanced developed countries internationally, the transaction proportion of used cars in China is relatively low, and the start of China's automobile market is relatively late, with used car consumption even starting later. Currently, the used car market in China is in a stage of rapid growth, with immense development potential in the future. Especially with the development of new energy vehicles, more ordinary consumers in China have a huge advantage in terms of low cost of purchasing and using cars. Although some regions have exceeded the quota for subsidies ahead of schedule and the national scrappage policy has slowed down, the potential for development of the used car market in China is immense. The used car business of automotive dealerships and the scrappage and renewal of vehicles are booming, and it is inevitable that there will be super growth in the trade-in of old cars for new ones in 2025.