China Economic Net, January 11 (Reporter Chen Mengyu) According to the data released by the China Automobile Dealers Association yesterday, in 2023, the national second-hand car market will have a total of 1,841 transactions330,000 units, a year-on-year increase of 1488%, with a cumulative transaction amount of 11795$3.2 billion; December trading 166100,000 units, a year-on-year increase of 1727%, with a transaction amount of 10878 billion yuan.
*: China Automobile Dealers Association.
2023 is the first year of the full implementation of the new second-hand car policy, the removal of constraints and the opening of blockages, the policy effect is emerging, and the second-hand car market has entered a new stage of development. In 2023, the total number of used car transfers will reach 501830,000 units, a year-on-year increase of 25%, and the transfer rate was 2725%, an increase of 22%。
In the view of the Circulation Association, although the second-hand car market was under pressure in December last year, the expansion of the annual transaction scale, the transformation of new consumption characteristics and the continuous improvement of cross-regional circulation all prove that China's second-hand car market has strong development resilience, which is an important link to revitalize the stock of automobiles, stimulate the increase in new car consumption, and promote the echelon consumption of automobiles.
Especially in the field of cars, in 2023, the cumulative transaction of second-hand basic passenger cars (cars) in the country will be 1089670,000 units, a year-on-year increase of 1442%, is the largest single model in China's second-hand car market; A total of 237 SUV models were sold840,000 units, a year-on-year increase of 1668%;A total of 114 MPV models were traded140,000 units, a year-on-year increase of 1777%;A total of 36070,000 units, a year-on-year increase of 285%。The total number of second-hand passenger car transactions was 1477710,000 units, a year-on-year increase of 1471%。
In terms of commercial vehicles, the cumulative number of transactions in 2023 is 256980,000 units, up 10% y/y. Among them, 149 were trucks720,000 units, a year-on-year increase of 1553%;Passenger car transactions 107260,000 units, a year-on-year increase of 311%。
Judging from the annual data, the age of second-hand cars in China is mainly concentrated in the range of 3-6 years, accounting for 4354%, a year-on-year increase of 33%;Within three years, the proportion of models was 2797%, down 2% year-on-year; 7-10 years of models accounted for 2024%, a year-on-year increase of 06%;Models over 10 years old accounted for 825%, down 19%。
* At the level, the average price of used cars in the country in December last year was 6550,000 yuan, an increase of 700 yuan from November. According to the Circulation Association, the main reason for the average price of used cars is the average affected by the changes in the structure of models and vehicle ages. In December, the local pro-consumption policy continued, new car dealers completed the task for the end of the year, price reduction activities increased, and the purchase price of used cars and terminal sales continued to decline with the fluctuation of the new car market.
From the perspective of inventory management, the average inventory cycle of used car dealers in December last year was 61 days, an increase of 1 day from November. The Circulation Association suggests that second-hand car dealers give priority to cleaning up vehicles with a long storage age, recovering funds, and at the same time reducing car collection and inventory, so as to avoid a decline due to the increase in vehicle age, and then suffer operating losses.
*: China Economic Net.