Used Car Trade Volume Hits Daily Average of 65,300 Units, Up 1.4% Year-Over-Year

Key Takeaways

The used car market in China is gradually recovering, showing a 2.1% weekly increase in average daily trade volume.
Over 60% of companies maintained stable prices, while 19% reported slight increases, signaling market stability.
New energy used cars saw a 35% increase in trade volume during the first half of 2025, contributing to lower costs for consumers.

The used car market in China, from August 4 to 10, 2025, has shown signs of gradual recovery. The average daily trade volume reached 65,300 units, representing a 2.1% increase from the previous week and a 1.4% rise from July’s figures. This marks the highest daily trade volume since June, suggesting that the market is stabilizing after previous declines. The report from the China Automobile Dealers Association, released on August 14, noted that 32.6% of dealers experienced an uptick in offline customer traffic. Moreover, over 35% of businesses reported an increase in trade volume week-over-week.

An increase in enthusiasm for restocking vehicles in anticipation of the peak consumption period, termed the ‘Golden September,’ was also reported. In terms of pricing, 60% of businesses kept their terminal prices stable, while 19% saw slight price rises. These trends indicate a collective market shift towards a recovery cycle.

On the policy front, local governments have consistently rolled out car market stimulus measures. The distribution of the third batch of subsidy funds occurred in late July, with some areas reinstating trade-in policies. These innovative forms of subsidies are anticipated to catalyze further growth in the used car market throughout August.

In specific segments, the new energy used car market has flourished, significantly lowering the purchasing and usage costs for ordinary consumers. Data showed a remarkable 35% year-on-year increase in trade volume for new energy vehicles during the first half of 2025, accounting for 9.07% of total used passenger car transactions.

Regional differences in trade conditions were noted, with North China, East China, and Central South regions experiencing notable growth. For example, East China’s average daily trade volume reached 23,100 units, rising 2.85% week-over-week, especially in major cities like Xiamen and Hangzhou, which reported increases exceeding 20%. Conversely, regions such as Northeast and Southwest China have faced declines, with the Dalian market experiencing a 10% decrease.

In summary, while the overall used car market appears to be entering a recovery phase, disparities across regions and segments highlight ongoing challenges. Nevertheless, positive trends, particularly in new energy vehicles, indicate potential for sustained growth as the market adapts to current demands and policies.

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