Recently, the Guangdong Province Automobile Association released the report of overall second-hand vehicle market in Guangdong Province in 2006. According to incomplete statistics submitted by 55 second-hand vehicle circulation enterprises in Guangdong Province, the total trading volume of second hand vehicles in 2006 amounted to 308,400, with a year-on-year increase of 53.33%. The total amount of turnover reached 8.954 billion Yuan, with an increase of 60.08%, the trading volume ranked first in the country.
The top five cities in Guangdong Province for second hand vehicles trading volume are: Guangzhou, Shenzhen, Dongguan, Zhongshan, Foshan, among which the turnover of second hand vehicles in Guangzhou reached 80,500 in 2006, with a year-on-year increase of 48.39%.
In 2006, the ratio of sales of new vehicle and trading volume of second-hand vehicle is 45:55 in Guangdong Province. the Automobile Association of Guangdong Province analysis that with the frequent introduction of new vehicles caused prices of some second-hand vehicles accelerated depreciation; Meanwhile, Since the government abolished the restrictions on the vehicle tenure of use, the stocked second-hand vehicles sales were enabled to change; Approaching the end of year, the arrival of "motorcycle prohibited" period has stimulated the second-hand vehicles market trading volume, In particular, cars and van's priced below 100,000 Yuan, were trading with a obvious growth.
