China Automobile Dealers Association: The average daily transaction volume of the second-hand car market from July 21 to 27 was 65,000 vehicles, an increase of 0.79% compared to the previous period.

According to the Smart Financial APP, the China Automobile Circulation Association announced that from July 21st to 27th, 2025, the second-hand car market performed steadily with a daily average transaction volume of 65,000 vehicles, an increase of 0.79% compared to the previous period. Although it decreased by 1.9% compared to the same period in June, the transaction volume has been steadily increasing slightly week by week since the second week of July. This is due to the emergence of summer consumption patterns and the promotion of the automotive replacement policy, with the industry's replacement rate remaining stable at over 60%. A large number of used cars entering the market have provided sufficient sources for the future. From July 1st to July 27th, a total of 1.48 million transactions have taken place, with an estimated total monthly transaction volume of around 1.65 million vehicles, remaining the same as in June.