Different from the ups and downs of the sales volume of the new car market, since 2000, the used car market in China has maintained an average annual growth rate of about 15%, which is in normal operation. With 4.33 million used car transactions and 12.47% year-on-year growth in 2011, we see that the used car market may be another “spring” of the Chinese auto market.

On February 15th, a small symposium on the direction of the Chinese automobile market was in progress at the meeting room of the Beijing Automobile Market Center at the Asian Games Village in Beijing. Shen Rong, the deputy secretary-general of the Auto Dealers Association of China, brought freshly-used 2011 second-hand car transaction data. He said that under the influence of changes in the policy environment and other changes in the used car market in 2011, qualitative changes occurred, and the transaction size and transaction volume were both There is a clear increase. According to statistics, in 2011, the cumulative turnover of second-hand automobiles was 210.88 billion yuan, a year-on-year increase of 18.56%, and the increase in transaction volume was slightly faster than the increase in transaction volume. Shen Rong expects that in 2012 there will be more favorable policies to support the automobile circulation industry, and the annual transaction volume of used cars is expected to reach 5 million.

Over the years, second-hand car trading volume progressively lifted <br> <br> Shen Rong raised his hands a "second-hand car monthly trading volume over the years the trend" view, says: "From the monthly changes over the years used car market, the growth in used car There are more obvious seasonal changes. Vertically, the used car market is uplifted step by step." Then it shows a monthly chart of the monthly trading volume of used cars in China from 2001 to 2011. It can be seen that the monthly trading volume of used cars In the gradual increase, from the perspective of quarterly statistics, this upward trend is even more pronounced.

“Everyone can see that the change in trading in the used car market according to the quarterly statistics over the past decade is a very smooth curve, and the general angle is between 35 and 40 degrees.” Shen Rong believes that this decade-long slope can be more firm. Everyone has confidence in the future of the used car market.

In the past decade, the annual trading volume of used cars has two distinct features: First, the volume of transactions has kept rising; second, the annual rate of change in trading volume has shown a narrowing trend. In 2002, the volume of used-car sales increased year-on-year. Above 90%, but as the year goes by, the increase rate of growth rate is declining. This is one of the features of the matured used car market in China.

Second-hand car transactions are still dominated by the trend toward younger cars <br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br> According to statistics, of the major trading vehicles for used cars in 2011, the number of cars was 2,352,800, an increase of 12.23% year-on-year, and the transaction volume was 118.102 billion yuan; the number of passenger cars reached 703,900, an increase of 12.91% year-on-year, and the transaction volume was 31.891 billion yuan; 64.07 million vehicles, an increase of 7.48%, a transaction value of 24.709 billion yuan; off-road vehicles reached 78,200, an increase of 9.78%, a turnover of 13.881 billion yuan. Shen Rong said that from the perspective of the current structure of the used car market, the share of second-hand cars in second-hand cars continues to expand, and the share of other models does not change much.

Not only does the share of second-hand cars continue to expand, but the trend of younger cars is becoming more apparent. Statistics show that used-cars that are between two and five years old are more popular. When the car ages over five years, the transaction volume is getting lower and lower with age. According to statistics, the number of car-age segments that were actively traded in 2011 was: second- to third-year used car transactions accounted for 14.59%; used-car four- to five-year-old cars accounted for 14.18%; second-hand car age was three to four years old. Vehicles accounted for 14.02%. Used cars aged five to six years accounted for 12.36%, and used cars aged one to two years accounted for 11.63%. Prior to 2010, the age of second-hand cars traded was mainly concentrated in five to eight years, while used car ages from two to six years in 2011 accounted for about 60% of the total used car trade. Shen Rong pointed out that the young age of the car is also one of the basic features of the increasingly mature used car market.

Between second-hand car is not balanced regional development <br> <br> a mature second-hand car market should also develop a balanced market. However, from the perspective of the regional trading market, the used car market in China is still in an unbalanced development stage. The transaction scale varies greatly among provinces. In provinces with rapid economic development, the used car market is more active and the trading volume is even greater. In the statistics of the China Automobile Dealers Association, the top ten second-hand car trading market accounted for 80% of the total used car trade in the country, while the other 21 provinces and cities shared only 20% of the share. However, Shen Rong pointed out that this also precisely reflects the huge potential for development of the used car market in China, and the unbalanced market provides more room for the development of used cars.

Unbalanced development among regions does exist, but the rising trend of cross-regional circulation of used cars cannot be ignored. Compared with 2010, the percentage of cross-regional circulation in 2011 increased by 4 percentage points. “The cross-regional circulation of used cars has been more clearly verified in Beijing.” Shen Rong further analyzed that “the displacement rate of used cars in Beijing has soared from 10% in 2010 to 56% in 2011. This huge change Give us a reminder that the cross-regional circulation has formed a nation-wide large market. This will be a direction for the future development of the used car industry."

The future used car prices down overall <br> <br> Shen Rong said, by the new car market price fluctuations in 2011, used car prices showed a rising trend in the fluctuations, but with the new car pattern of curing, used car prices Move down as a whole. In the first half of 2011, the prices of used cars were relatively stable, and in the second half of the year, especially at the end of the year, there was a clear uptrend. The average price of second-hand vehicles in December reached RMB 64,100. Shen Rong believes that the current price of second-hand cars is not very conducive to the overall development of the used car market, and it is difficult to attract consumers to buy used cars through prices; because the difference between new car prices and used car prices is not mature enough and stable, the price of used cars Volatility may continue to repeat in a short time.

Shen Rong also briefed reporters on the price of used cars of different displacement models. In 2011, the average price of second-hand cars with 1.0L or less, 1.0-1.6L, 1.6-2.0L, and 2.0-2.5L displacement in the three- to five-year-old models was 24.9 million yuan and 50,500 yuan respectively. The average transaction price of used cars of RMB 140,000 and RMB 187,000 and 4.0L or above is 374,900 yuan.

According to the statistics from the China Automobile Dealers Association in terms of the top three brands in terms of turnover volume in 2011, they often sell well-used car models, and their new car sales are often ranked higher on the list. The top three used car sales in the 1.0- to 1.6-liter displacement model are Jetta, Excelle, and Faircome; the first three sales models with 1.6-2.0L are Civic, BMW 3-series, and Audi A4; the first three sales models with 2.0-2.5L are Camry, Audi A6 and Scorpio; 2.5 to 3.0L of the first three sales models are the BMW 5 Series, Mercedes-Benz E-Class and Audi A6L; 1.0L of the following mini-car transactions are more active Chery Q3, Alto and Le Chi.

Shen Rong told reporters that the proportion of second-hand car exchanges in a mature automobile market should account for more than 70% of the total volume of car transactions. Therefore, if the Chinese auto market is to be truly mature, it must not miss the “spring” of the used car market.