The future development trends of China's
Sustained Transaction Growth: Driven by policy support (e.g., trade-in incentives and lifted migration restrictions for National V vehicles), transaction volume is expected to exceed 20 million units by 2025, with young and middle-aged consumers as key demographics.
Price Fluctuations: New car price wars and rising used car supply will push prices downward, with seasonal volatility due to market cycles and 新能源车 (NEV) competition.
Technological Innovation: AI and big data will enhance valuation, inspection, and transparency. AIGC tools will dominate short-video/live-stream marketing, while standardized NEV testing will boost auction credibility.
Specialized Competition: Homogeneous competition relying on information gaps will fade. Winners will embrace digitalization, AI tools, and social media for customer acquisition, prioritizing turnover efficiency.
Export Expansion: Exports to emerging markets (e.g., Africa, Central Asia) will grow, shifting from low-mileage to genuine used vehicles as supply chains mature.
NEV Used Car Rise: With NEV penetration reaching 40.9% in 2024, used NEV inventory (46.4% under 3 years old) and exports (120% YoY growth in 2024) are key growth points, with top new brands maintaining over 80% 1-year residual value.
Integrated Industry Ecosystem: OEMs will expand certified used car programs, logistics firms will launch dedicated transport networks, and after-sales services will deepen, fostering a national circulation network.
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