China Automobile Dealers Association: From April 7 to 13, the average daily trading volume of the used car market reached 67,900 vehicles, a slight increase of 1.7% year-on-year

The Zhitong Finance App learned that the China Automobile Dealers Association published an article stating that from April 7 to 13, the average daily trading volume of the used car market reached 67,900 vehicles, an increase of 4.88% over the previous month, and a slight increase of 1.7% over the same period last month. The market is recovering from a brief adjustment after the Qingming holiday, and activity on both the supply and demand sides has increased.

On a comparable scale, the cumulative trading volume from April 1 to 13 was about 690,000 vehicles, down 2.5% from the same period in March, but the weekly month-on-month growth rate indicates that market resilience still exists. It is worth noting that the new car market is setting off a wave of promotions. Manufacturers are speeding up the circulation of new cars through the “one price” strategy, “zero interest” financial plan, etc., compounding the intensive launch of offline activities at the Shanghai International Auto Show in April, which may put diversion pressure on used car consumption in the short term.

The consumer side is showing structural changes: users' demands for quality, experience and emotional value have surpassed price sensitivity, and the proportion of service-oriented consumption and experiential consumption has increased. This means that used car dealers need to shift from “vehicle source competition” to “service competition” to enhance user trust through detailed inspection, transparent vehicle conditions, and personalized financial solutions. Although the transmission effect of recent price fluctuations on used cars has weakened, it may still reduce price space in the long term, forcing the market to upgrade towards efficient turnover and differentiated services.

In summary, the trend of new car promotions will continue until the end of this month. Used car transactions may maintain high fluctuations, and dealers need to keep an eye on inventory turnover efficiency. Simultaneously strengthen data application, accurately capture regional demand differences, optimize cross-regional vehicle source allocation, respond quickly to market changes, and balance the pace of supply and demand.

Used car weekly regional analysis

This week, the average daily used car transaction volume across the country generally showed an upward trend compared to last week. Judging from the specific performance of each region, the northwest and northeastern regions showed significant month-on-month growth rates, while the increase in the central and southern regions was relatively small.

Specifically, the average daily volume of used cars traded in East China was 22,600 units, an increase of 5.35% over the previous month. Used car transactions in places such as Hefei, Nantong, Jining, Jinan, and Hangzhou all showed a clear recovery this week. Among them, the growth of the Hangzhou market was particularly prominent, with a month-on-month increase of nearly 40%; the trading volume of Jinan, Jining, Hefei, and Nantong all increased by more than 30% month-on-month. Furthermore, Shanghai's trading volume increased by 23.7% this week. At the same time, trading volume in places such as Xiamen and Jinhua also achieved double-digit growth. However, Wenzhou's market performance declined slightly this week, down 5% month-on-month.

The average daily volume of used cars traded in North China was 0.26 million units, an increase of 6.33% over the previous month. Among several major cities in the region, the used car markets in Beijing and Tianjin showed a significant upward trend, with transaction volume growing by more than 30% month-on-month. The markets in Shijiazhuang and Langfang also showed a clear recovery trend, with growth rates exceeding 20% month-on-month. Taiyuan's trading volume this week showed a clear recovery. However, Chifeng's market performance was poor this week, and trading volume fell rapidly, with a drop of nearly 20%.

The average daily volume of used cars traded in Tohoku was 0.23 million units, an increase of 8.45% over the previous month. This week, the used car market in Dalian, Shenyang, Jixi and other regions showed a clear upward trend. Among them, Dalian performed particularly well, with a month-on-month increase of nearly 40%; in addition, Jixi also achieved a high growth of 30% this week. Shenyang grew 25% month-on-month, Changchun's trend was relatively stable this week, and trading volume increased 6.4% month-on-month.

The average daily volume of used cars traded in the southwest region was 154,000 units, an increase of 5.15% over the previous month. This week, the used car markets in Guiyang, Mianyang, Chengdu, Kunming, and Lhasa all showed positive growth trends. Among them, the performance of the Kunming market was particularly outstanding, with trading volume growing by more than 30% this week. The transaction volume in Chengdu, Guiyang, and Lhasa also increased by more than 20% month-on-month, and the growth trend was remarkable. The trading volume of the Chongqing market declined slightly this week.

The average daily volume of used cars traded in the central and southern regions was 23,900 units, an increase of 3.95% over the previous month. This week, markets in Dongguan, Haikou, Wuhan, Jiaozuo and other places grew significantly. The Haikou market rebounded markedly this week, with an increase of nearly 50%; the Dongguan and Jiaozuo markets also showed growth of around 30% this week. The Wuhan market performed well this week, with a 36% month-on-month increase in trading volume; the Nanning market experienced a slight decline this week, down 3% month-on-month.

The average daily volume of used cars traded in the northwest was 0.12,000 units, an increase of 10.64% over the previous month. This week, trading volume in Lanzhou, Wu Zhong, Xining, Yulin and other places all achieved significant growth. Among them, the Xining market performed particularly well, with trading volume growing at a rate of 35% month-on-month. Both Lanzhou and Wu Zhong achieved 30% growth this week. Furthermore, the Bazhou market also showed a clear upward trend this week, with trading volume up 24% month-on-month. The Xi'an market is up 19% from last week.