A brief analysis of the used car market in December 2021 and the whole year From China Automobile Circulation Association

The following is the A brief analysis of the used car market in December 2021 and the whole year From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

In 2021, affected by the superposition of multiple international and domestic factors, such as repeated epidemic outbreaks, frequent extreme weather and natural disasters, reduced consumption expectations, and surge in global supply chain risks, the automobile market is facing a complex and severe situation. However, the used car market has become a new bright spot in the auto market under many challenges and pressures. According to the data of China Automobile Circulation Association, from January to December 2021, a total of 17.5851 million used cars were traded, with a year-on-year increase of 22.62%, and the transaction amount was 113.692 billion yuan, with a year-on-year increase of 27.32%.

From the perspective of the law of second-hand car consumption, the demand for car purchase increases near the end of the year, and December is generally the highest point of second-hand car transaction in the whole year. In December 2021, a total of 1618200 second-hand cars were traded across the country, with a month on month increase of 4.83%, a year-on-year decrease of 5.25%, and a transaction amount of 116.186 billion yuan. This month was mainly affected by the continuous epidemic situation, the overall passenger flow in the market decreased compared with the same period, the promotion of local new year and other policies in some areas and the increase of bad weather caused poor cross regional circulation.

Passenger cars: 970000 basic passenger cars were traded, with a month on month increase of 4.64% and a year-on-year decrease of 6.59%; A total of 200000 SUVs were traded, with a month on month increase of 8.61% and a year-on-year increase of 16.33%; A total of 88400 MPVS were traded, with a month on month increase of 2.81% and a year-on-year decrease of 10.25%; A total of 36800 cross passenger vehicles were traded, with a month on month increase of 3.04% and a year-on-year decrease of 2.67%.

Commercial vehicles: 115900 passenger cars, an increase of 3.79% month on month and a year-on-year decrease of 15.63%; There were 126000 trucks, an increase of 3.99% month on month and a year-on-year decrease of 16.51%.

From this year’s monthly trading trend, the overall trend shows a shock upward trend. Since the fourth quarter, affected by the sporadic epidemic and the high base in the same period last year, there has been a continuous negative growth year-on-year. December is still the trading peak of the whole year, but the monthly year-on-year is a continuous narrowing trend.

In December 2021, the transaction volume of six regions in China increased in varying degrees month on month. Among them, the growth in North China was the most obvious, with a month on month increase of 9.63 percentage points, and the trading volume of second-hand cars was 206100; The second is the northeast region, with a month on month increase of 8.08%, with a total of 96200 vehicles traded; Southwest China increased by 7.39% month on month, trading 241900 vehicles in total; The growth rate in central and southern China, East China and Northwest China was small, with month on month growth of 3.77%, 2.64% and 2.33% respectively, and 486300, 524300 and 63500 vehicles were traded respectively.

In December, the proportion of second-hand car transfer was 27.87%, an increase of 0.79 percentage points month on month, a decrease of 1.01 percentage points over the same period last year, the same as that in July last year.

In 2021, a total of 17.5851 million second-hand cars were traded nationwide, with a year-on-year increase of 22.62%. Among them, 10.5911 million basic passenger cars were traded, with a year-on-year increase of 23.34%; A total of 1.9763 million SUVs were traded, with a year-on-year increase of 44.18%; A total of 1.086 million MPVS were traded, with a year-on-year increase of 21.24%; A total of 402300 crossover passenger vehicles were traded, with a year-on-year increase of 18.59%; 1320300 passenger cars, a year-on-year increase of 7.02%; There were 1.4538 million trucks, a year-on-year increase of 9.63%. In 2021, all models have increased in varying degrees compared with the average year of 2020, among which SUV models have the most obvious growth, with a growth rate of more than 40%.

In the first quarter of 2021, the trading volume accounted for 22.5%, an increase of 8.5% over the same period last year and 0.68% over the same period in 19 years. The second quarter accounted for 25.47% of the whole year, an increase of 0.99% over the same period last year and 1.3% over the same period in 19 years. The third quarter accounted for 25.78%. Compared with the same period last year, it decreased by 2.57% and increased by 0.82% compared with the same period in 19 years. The fourth quarter accounted for 26.26%, a decrease of 6.93% compared with the same period last year and 2.8% compared with the same period in 19 years. Generally speaking, the transaction volume accounted for the smallest proportion in the first quarter of 2021 due to the influence of factors such as the long Spring Festival holiday. In the second and third quarters, the second-hand transactions were relatively stable, and the proportion was basically flat. In the fourth quarter, affected by the spread of the epidemic and other adverse factors, the proportion of second-hand car trading volume decreased significantly compared with the previous two years, but it was still the high point of the whole year.

From the perspective of vehicle age structure, a total of 4.148 million vehicles with a vehicle age of less than three years were traded in 2021, with the trading volume increasing by 17.3% compared with the same period, accounting for 23.59% of the total trading volume. Affected by the insufficient supply of the new car market this year, many consumers turn their attention to the quasi new car market with a shorter vehicle age; A total of 6.3559 million models aged 3-6 years were traded, accounting for 36.14% of the total trading volume, a decrease of 1.62 percentage points compared with the same period last year. The proportion of models aged 7-10 years decreased by 0.16 percentage points compared with last year, accounting for 24.06% of the total trading volume, and a total of 4.2308 million vehicles were traded. With the growth of ownership, the source of second-hand vehicles with long vehicle age has also increased year by year. In 2021, the proportion of models with vehicle age of more than 10 years increased by 2.11 percentage points compared with the same period last year, and a total of 2.8505 million vehicles were traded, with a year-on-year increase of 29.1%.

In 2022, the auto market will enter the peak period of increasing and replacing purchases. Revitalizing the stock of used cars is the key to activating the whole auto market. On the one hand, the replacement of used cars will boost the upgrading of auto consumption, especially luxury cars and new energy vehicles, which are the main driving force for the growth of the auto market in 2021. On the other hand, The replacement and circulation of second-hand cars can promote the transformation of vehicles from the first and second tier cities to the third, fourth and fifth tier cities in economically underdeveloped areas, which can not only promote the deepening of automobile consumption to the rural market, but also enhance the overall vitality of the local economy. Therefore, only by revitalizing the stock of second-hand cars can we really stimulate the automobile incremental market.

On the whole, China’s second-hand car market has ushered in significant benefits. Since the announcement on clarifying some value-added tax collection and management issues such as second-hand car distribution was issued on March 31, 2020, relevant government departments have successively launched the guidelines for promoting automobile consumption in the business field Policies such as the notice on promoting the registration of second-hand car transactions and facilitating cross provincial second-hand car transactions. In 2021, the full implementation of the “inter provincial office” of second-hand cars will strive to solve the problems of inconvenient second-hand car transaction and long transfer cycle from the perspective of system. The successive introduction of many policies will promote China’s second-hand car market to enter a new stage of development. More reading: China Automobile Circulation Association: a brief analysis of the used car market in December 2021 and throughout the year China Automobile Circulation Association: a brief analysis of the used car market in January 2021 China Automobile Circulation Association: a brief analysis of the used car market in October 2020 China Automobile Circulation Association: a brief analysis of the used car market in February 2021 China Automobile Circulation Association: a brief analysis of the used car market in March 2020 China Automobile Circulation Association: 2 September 2020 used car market analysis China Automobile Circulation Association: November 2020 used car market analysis China Automobile Circulation Association: August 2020 used car market analysis China Automobile Circulation Association: October 2021 used car market analysis China Automobile Circulation Association: October 2019 used car market analysis China Automobile Circulation Association: November 2021 national used car market in-depth analysis China Automobile Circulation Association: in-depth analysis of the national second-hand car market in June 2021 China Automobile Circulation Association: monthly report of China’s imported car market in April 2020 China Automobile Circulation Association: in the first quarter of 2020, 57 authorized 4S stores and 41 off-line 4S stores of luxury brands were added. China Automobile Circulation Association: in March 2020, the sales volume of domestic narrow passenger car market reached 1045000, a year-on-year decrease of 40.4%

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