Trade volume of used cars in China from 2011-2018
Trade volume of used cars in China from 2011 to 2018 (in million units)
The graph shows the number of used cars sold in China from 2011 to 2018. In 2018, about 13.82 million used cars had been sold in China.
Used car market in China – additional information
There had been remarkable growth in the demand for used car in China. The number of sold used cars had amounted to 6.05 million units in 2014, generating an overall used car sales revenue of approximately 368 billion yuan. This four-fold increase in used car sales over a decade, displays the remarkable growth in demand for used vehicles in China. During 2014, the trade volume of used cars in China had increased by 18.5 percent compared to the previous year. Nearly 60 percent of used vehicles traded in 2014 had been passenger cars.
Despite its steady growth, the second-hand car market in China accounts for only a small share of the whole vehicle market. In 2013, 5.2 million sold used cars stood against 17.5 million registered new cars in China. Due to a premature market structure, buying a second-hand car in China seems to be still less appreciated than buying a new car. Over 70 percent of used cars had been traded without an intermediary in 2013. One of the largest issues at hand may be seen in the lack of trust between sellers and buyers, hindering a further development of the used car market in China.
Nonetheless, the second-hand vehicle market in China has vast potential. China has been the world’s largest market for passenger cars since 2008, reaching a sales volume of approximately 20 million units in 2014. A modern, structured market for used vehicles in China is expected to emerge soon due to the high demand. Still, new car production in China does not seem to suffer from the impact of the used car market, with production volumes reaching 24.5 million cars in 2015.
Trade volume of used cars in China from 2011 to 2018 (in million units)
Source
More information
Statistics on "Automobile sales in China"
Discover Statista
Need help with using Statista for your research?
Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Statistics
- Export unit sales of used passenger cars - Japan 2015, by importers
- Export unit sales of used commercial vehicles: Japan 2015, by importers
- Second-hand car online market penetration rate in China 2017-2021
- Second-hand car online market trading volume in China 2017-2021
- Growth rate of the trade volume of used cars in China 2005-2011
- Key areas for trading used cars in China 2018
- Average price of second-hand cars sold in China 2010-2018
- Trade in used cars in China in 2011, by age
- Monthly Canadian retail sales of used car dealers 2015-2018
- Annual growth of used motor vehicle sales volume in Japan 2008-2017
- Retail sales of used car dealers in Canada 2012-2018
- Mexico: age of imported used heavy vehicles 2009-2017
- Used motor vehicle sales volume in Japan 2008-2017
- Number of used road vehicles imported to Finland 2018, by type
- Off-lease vehicle volume returns in the U.S. 2001-2020
- Trade volume of used cars in China 2013-2022
- Number of light vehicles in use in BRIC countries 2005-2015
- Trade volume growth of used cars in China 2014-2022
Statistics on "Automobile sales in China"
Related topics
About Statista
