Great Wall Motors taps used car export domain with first business completed

Shanghai (Gasgoo)- Chinese automaker Great Wall Motors had exported its first batch of pre-owned vehicles to several Asian and African countries like Cambodia, Nigeria and Ghana through its wholly-owned automobile import & export subsidiary in Tianjin, according to local media outlets.

The Tianjin-based subsidiary, dubbed “Changyou Haoche” (in Chinese), was given the governmental permission to export used vehicles in July, 2019, becoming one of five companies in Tianjin that own this qualification. 

China's authorities issued in April the notice on supporting the export of used vehicles in eligible regions. Then, they jointly announced on May 5 the first batch of cities/provinces that are allowed to conduct the pilot program of exporting pre-owned cars.

There were 10 cities/provinces involved in the milestone program, namely, Beijing, Tianjin, Shanghai, Taizhou (Zhejiang Province), Jining (Shandong Province), Guangdong Province, Chengdu (Sichuan Province), Xi'an (Shaanxi Province), Qingdao and Xiamen. All of them are important coastal areas that boast great export/import advantages or the pivotal cities along the “Belt and Road” route.

For the first half of 2019, China's used vehicle sales volume reached 6.862 million units, growing 3.93% from the year-ago period. During the same period, the country's sales from pre-owned car transaction amounted to RMB433.6 billion, a year-on-year increase of 5.16%, according to the statistics from the China Automobile Dealers Association (CADA).

Data from China's General Administration of Customs showed that the first-half export volume of used vehicles climbed 4% to roughly 560,000 units, outpacing the overall pre-owned automobile market （Photo source: Great Wall Motors's WeChat account).