China Automobile Dealers Association: It is expected that the number of used car transactions in July will reach about 1.65 million, which is basically flat compared to the previous month.
According to the financial and economic news app ZhuTong, on August 7, the China Automobile Dealers Association released the weekly report on second-hand cars (July 28, 2025 - August 3, 2025). According to research data, this week, more than 60% of used car dealers reported that customer traffic was average or even poor, while 30% of companies stated that current transaction volume has dropped to the market's low point in early July. However, it is worth noting that since the second week of July, transaction volume has shown a slight weekly increase. With the promotion of car replacement and renewal policies, the industry's replacement rate has remained stable at over 60%, with a large number of used cars entering the market, providing sufficient vehicle sources for future transactions. It is predicted that the total transaction volume for July will reach around 1.65 million vehicles, which is basically on par with June.
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