In January, the national second-hand car market achieved a double-digit growth in trading volume compared to the same period last year.

Data released by the China Automobile Dealers Association shows that in January 2026, the national second-hand car market transaction volume was 1.7292 million vehicles, an increase of 18.33% year-on-year, with a transaction amount of 110.612 billion yuan. In January, the transfer rate of second-hand cars was 35.03%, showing growth both month-on-month and year-on-year; the total transfer volume of second-hand cars was 605,800 vehicles, an increase of 43.3% compared to the same period last year. The vitality of cross-regional circulation continues to increase, further releasing the circulation value of second-hand cars. In terms of the vehicle structure of the second-hand car market, in January, both the passenger car and commercial vehicle markets performed better than the same period last year. In particular, the transaction volume of basic passenger cars has steadily increased; SUV models have also seen a simultaneous increase in transaction volume, with continued market vitality; the demand for MPV models continues to heat up, becoming an important driver of market growth.