China Used Car Market

Report Description and Highlights
According to WardsAuto, the used car sales are expected to
take off in the coming years as stocks grow and buyers
become more confident purchasing second-hand cars in
China. The Chinese used-car market is expected to have a
boom in the next decade due to new car ratio is quite bigger
than used car. Increasing numbers of online sites provide
information on the history of a vehicle, giving consumers
greater confidence to buy used car. Franchised dealerships
captured just about 5% of the sales of used cars and less
than 10% of dealerships have their own-brand sales of used
cars. Independent dealers in China account for most of the
sales of used vehicles followed by online dealers. China Used
Car Market is expected to reach 385 Billion by the end of the
year 2025.
China Used Car Market