Home / China News / News detail

Beijing: second-hand car dealing will outpace new car

Shingo From GAS| January 24 , 2007 14:00 BJT

In 2006, 322,000 vehicles in the used-car transactions caused widespread concern.  Compared with 5% growth of new vehicle sales, the second-hand vehicles dealing increased 57% to 2005, which means a new stage of development of second-hand vehicles business. As the current growth rate of the used-vehicle deal, used vehicles dealing will exceed the new vehicles sales this year, reaching a record of 370,000 vehicles.

According to a quarterly statistics, that second-hand cars dealing in October 2006, the total transaction volume has exceeded new car sales. There used to be three consumption levels of second-hand cars in Beijing, first level is consumption below 80,000 Yuan. 60% of these second-hand cars, sold outside Beijing market, mainly in the form of transfer of personal or commercial operation; Second, the medium-grade second-hand car over 80,000 Yuan with better serve conditions, and the main consumer is from Beijing. Those vehicle are mainly from the brokerage firms or 4S shops; Third, second-hand luxury car with 200,000 Yuan, Trading of those car basically are controlled by some big brokers. As the standardization of the second-hand car trading policy, the growth of second-hand vehicles in 2007, will be mainly based on the medium & high-grade.

China Automobile Association survey shows, the record of brand dealers are almost 15,000 in nation, among which 40% dealers have had their sector for the used-car. Almost 15% to 20% of the dealers have started a second-hand car business. The proportion is higher in Beijing.

The Joint Session of the National Passenger Cars survey shows, 76.03% consumers have purchased and plan to buy a second-hand car.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com
Car and City