China Automobile Dealers Association: From August 11th to 17th, the second-hand car market continued to show signs of recovery with a noticeable increase in inventory turnover speed.

According to the Wisdom Financial News APP, on August 21, the China Automobile Dealers Association revealed that from August 11 to 17, the second-hand car market continued its recent warming trend. The average daily transaction volume for the entire week reached 64,700 vehicles, a slight decrease of 0.87% compared to the previous week, but still a 1.4% increase compared to the same period in July. Since August 1, the cumulative transaction volume has reached 870,000 vehicles, and it is expected that the total volume for the month will climb to 1.7 million vehicles, a 2.4% increase from July. Market feedback indicates that the transaction volume this week is basically the same as last week, but end prices are showing a stabilizing and rising trend. In particular, the performance of second-hand cars in the 200,000 to 300,000 yuan price range is particularly outstanding, with not only a significant increase in transaction volume compared to July, but also an average price increase of about 3,000 yuan. At the same time, dealers are actively replenishing their inventory, with a significant increase in inventory turnover speed compared to the same period in July, indicating a clear trend of preparing for the peak season of "Golden September".