In depth analysis of national used car market in March 2022 From China Automobile Circulation Association

The following is the In depth analysis of national used car market in March 2022 From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

1、 Market overview in February 2022

Monthly transaction trend of used car market in 2022

In March, affected by the epidemic situation in some parts of China, the prosperity of the market weakened significantly. The trading volume of the national second-hand car market was 1318100, a year-on-year decrease of 15.99%. Many second-hand car business enterprises have temporarily suspended business, mainly in key markets in Shanghai, Hebei, Shandong, Jilin, Jiangsu and other regions. Although other regions can operate normally, offline customer collection and trading volume are affected, resulting in a year-on-year downward trend in 24 of the country’s 31 provinces.

Analysis of weekly conditions in April 2022

The market trend in the first three weeks of April, both the passenger flow and trading volume of the market have a significant correction compared with the same period last year. It is expected that the transaction scale of the overall market in April will decrease by more than 15% compared with the same period in 2021, and the transaction volume will be about 1.26-1.28 million. At the same time, there is no upward momentum for the market trend in May, which is expected to be the same as that in the same period last year.

Changes in market segments in March 2022

A total of 775800 basic passenger cars were traded, a year-on-year decrease of 18.7%; A total of 169900 SUVs were traded, with a year-on-year increase of 0.8%; A total of 80600 MPVS were traded, a year-on-year decrease of 12.5%; A total of 31000 cross passenger vehicles were traded, a year-on-year decrease of 12%;

Commercial vehicles: 92400 passenger cars, a year-on-year decrease of 24.5%; 103600 trucks, a year-on-year decrease of 19.3%.

Service life analysis of used car trading vehicles in March 2022

In March, the trading volume of used cars with a service life of 3-6 years was the largest, accounting for 40.2%, an increase of 3.1 percentage points month on month and 1.9 percentage points over the same period last year;

The proportion of models with service life within three years was 31%, with a month on month increase of 2.6 percentage points and an increase of 8.9 percentage points over the same period last year;

The proportion of vehicles aged 7-10 years accounted for 19%, with a month on month decrease of 2.1 percentage points and a decrease of 5 percentage points compared with the same period last year;

The proportion of models aged more than 10 years was 9.8%, a month on month decrease of 3.6 percentage points and a decrease of 5.7 percentage points compared with the same period last year.

Service life analysis of new energy used vehicles in 2022

In March 2022, the service life of second-hand new energy vehicles in China was less than two years, accounting for 18.4%, down 4 percentage points from the previous month and 8.9 percentage points from the same period last year.

The service life is 2-4 years, accounting for 51.9%, an increase of 4.8 percentage points over the previous month and 7.2 percentage points over the same period last year.

The trading volume with a service life of 4-6 years accounted for 25.3%, unchanged from the previous month, an increase of 1.7 percentage points over the same period last year.

The trading volume with a service life of more than 6 years accounted for 4.4%, a decrease of 0.8 percentage points from the previous month and 0.1 percentage points from the same period last year.

Overall, in March, the proportion of transactions with a vehicle age of less than 2 years decreased significantly compared with the same period last year, and the proportion of transactions with a vehicle age of 2-6 years increased rapidly compared with the same period last year.

Note: the data does not include hybrid models

Analysis on price range of used car transaction in March 2022

In March, the vehicle market with the trading price range of used cars below 30000 yuan accounted for the largest proportion, accounting for 33.8%, a decrease of 0.7 percentage points compared with the same period last year.

Vehicles in the price range of 30000-50000 accounted for 24.5%, an increase of 3.4 percentage points year-on-year;

The second-hand car market with more than 300000 yuan accounted for the smallest, accounting for 2.7%, a year-on-year decrease of 0.1 percentage point.

In March, compared with the same period last year, the proportion of used car trading volume in the 30000-50000 price range increased, and the proportion of trading volume in other price ranges decreased.

Overall, used cars with less than 50000 yuan accounted for more than half of the market, accounting for 58.3% in March, an increase of 2.7 percentage points over the same period last year.

Price analysis of new energy used cars in March 2022

In March 2022, the price range of new energy used cars below 30000 accounted for the largest proportion, accounting for 33.25%, a decrease of 0.2% month on month and an increase of 7.8 percentage points over the same period last year.

Secondly, vehicles with a price range of 30000-50000 accounted for 23.7%, down 1.1% month on month. Compared with the same period last year, it decreased by 4.8 percentage points.

Vehicles with prices above 300000 accounted for the least, accounting for 2.6%, a decrease of 0.1% month on month. Compared with the same period last year, it decreased by 3.1 percentage points.

On the whole, the transaction price of new energy used cars is mainly within 80000 yuan. The price range of vehicles within 80000 yuan accounted for 72% in March, a decrease of 2.9% month on month. Compared with the same period last year, it increased by 6.6 percentage points.

Analysis of six regions in March 2022

In March 2022, the national second-hand car trading volume only increased in Southwest China compared with the same period last year, and decreased in other regions to varying degrees.

Among them, the decline in Northeast China was the most obvious, with a year-on-year decrease of 49.2 percentage points. The trading volume of second-hand cars was 53900, with a trading volume of 3.421 billion yuan; Followed by the northwest region, with a year-on-year decrease of 31.8 percentage points. The trading volume of second-hand cars was 60200, with a trading volume of 2.941 billion yuan;

East China, North China and South Central China also saw a relatively significant decline, with 420400, 160300 and 386800 second-hand cars traded respectively, with a transaction volume of 31.505 billion yuan, 13.587 billion yuan and 25.103 billion yuan;

Southwest China increased by 11.9% year-on-year. The trading volume of second-hand cars was 236600, with a trading volume of 14.57 billion yuan.

2、 Market overview from January to March 2022

Changes in market segments from January to March 2022

From January to March 2022, the cumulative trading volume of the national second-hand car market was 3.8796 million, a year-on-year decrease of 1.93%. A total of 2.3073 million basic passenger cars were traded, a year-on-year decrease of 3.89%; A total of 494200 SUVs were traded, with a year-on-year increase of 17.26%; A total of 229500 MPVS were traded, with a year-on-year increase of 0.79%; A total of 88100 crossover passenger cars were traded, a year-on-year decrease of 0.54%.

Commercial vehicles: 271000 passenger cars, a year-on-year decrease of 14.99%; There were 30600 trucks, a year-on-year decrease of 9.21%.

Analysis on sales volume of used cars at all levels from January to March 2022

From January to March 2022, in terms of the overall sales of all levels of cars, class a cars are still the most popular models in the used car market, accounting for an average of 49.5%, followed by class B cars, accounting for an average of 22.9%, class C and class D cars accounting for 7% and 1.9%, an increase of 0.7% and 0.1% respectively; From January to March, the proportion of class A, A0 and A00 cars decreased compared with last year, and class B, C and D cars showed an increasing trend, of which class B was the most obvious.

Analysis of new energy used car models from January to March 2022

From January to March 2022, among the new energy used cars in China, only A00 models decreased compared with the same period last year, and the other models increased in varying degrees. Among them, the most obvious growth is SUV models, accounting for 30.6%, an increase of 18.01 percentage points over the same period last year; Secondly, class B vehicles accounted for 7.8%, an increase of 4.1 percentage points year-on-year; Class a models accounted for 17.5%, an increase of 1.1 percentage points year-on-year; MPV models accounted for 2.2%, an increase of 1 percentage point year-on-year. Class C and A0 models also increased slightly compared with the same period last year. Grade A00 decreased by 25.2% year-on-year, accounting for 32.9%.

Analysis on sales volume of emission standards of used cars and passenger cars in March 2022

In March 2022, the emission of second-hand cars and passenger cars accounted for 40.22% at most, with a month on month decrease of 2.6 percentage points and a year-on-year decrease of 4.2 percentage points.

The second is the national five year plan, accounting for 36.45%, an increase of 0.9 percentage points month on month. Compared with the same period last year, it increased by 3.1 percentage points.

The proportion of national six emission was 10.77%, an increase of 1.3 percentage points month on month. Compared with the same period last year, it increased by 4.2 percentage points.

From January to March 2022, the proportion of national five and national six emissions increased compared with the same period last year. The proportion of China’s six emissions increased by 4.5 percentage points compared with the same period last year, and the proportion of national five emissions increased by 1.5 percentage points compared with the same period last year. The proportion of other emissions decreased, and the proportion of the fourth country decreased most significantly, down 3.3 percentage points compared with the same period last year.

On the whole, the largest proportion of second-hand passenger cars is still the national four emission models, and the proportion of national five and national six models shows an increase compared with the same period last year.

3、 Analysis of used car circulation

Cross regional circulation in 2022

In March, the proportion of second-hand car transfer was 23.54%, a slight decrease of 0.6% month on month, a decrease of 5.1 percentage points compared with the same period last year.

Transfer of citizenship in provinces and cities in March 2022

In March 2022, Beijing, Hubei, Shanghai, Shandong and Anhui ranked among the top five provinces in terms of transfer proportion in China. Among them, only Shandong Province had an increase in transfer volume compared with the same period last year, and the transfer volume of second-hand cars was 31800, an increase of 13.7% compared with the same period last year. Other provinces decreased in varying degrees. Affected by the epidemic, the number of transferred nationality in Shanghai decreased by 61.7% compared with the same period last year.

Beijing and Anhui also showed a relatively obvious decline, down 30% and 21% respectively compared with the same period last year. The decline in Hubei Province was relatively weak, with a year-on-year decrease of 6 percentage points.

4、 Dealer survey

Analysis of used car dealers

5、 “Line” authentication analysis

About “line” certification

Regional distribution of certified vehicles in April 2022

In April 2022, “line” certification received 38733 uploaded vehicle source data, of which 36557 met the line certification standards, accounting for 94.3%;

Affected by the national epidemic, the business of some authorized institutions of “bank” certification has stagnated, and the “bank” certification data has declined compared with March.

Regional distribution of certified vehicles in April 2022

This month, Guangdong, Guangxi and Jiangsu regions contributed a lot to the “line” certification data, while Hebei, Liaoning, Shanghai and other regions saw a sharp decline in the contribution of used car detection and certification due to the sealing control of the epidemic.

Mileage distribution of certified vehicles in April 2022

According to the mileage data of “line” certified vehicle sources, the detection of used vehicles with 50000-100000 kilometers accounts for the largest proportion, accounting for 38% of the total detected vehicle sources; The sales heat of second-hand vehicles with mileage less than 100000 kilometers is also high, accounting for 38% of the total.

Distribution of certified vehicles in April 2022

From the perspective of used car age, the proportion of cars within 7 years receiving testing and certification is the largest, reaching 87%. Among them, the sales heat of used cars for 3-5 years after testing and certification is also high, accounting for 28%. In addition, affected by the production capacity of new cars, the sales heat of new cars to be tested and certified within one year has also increased compared with the data comparison in March, reaching 6%.

More reading: China Automobile Circulation Association: in-depth analysis of the national second-hand car market in January 2021 China Automobile Circulation Association: analysis of the trend characteristics of the second-hand car market China Automobile Circulation Association: in-depth analysis of the national second-hand car market in February 2022 China Automobile Circulation Association: detailed analysis of the second-hand car market in September 2019 China Automobile Circulation Association: brief analysis of the second-hand car market in September 2021 China Automobile Circulation Association: national second-hand car market in March 2022 Field in-depth analysis China Automobile Circulation Association: in the first half of 2016, the national second-hand car trading volume was 4.774 million, with a year-on-year increase of 3.6%. China Automobile Circulation Association: in-depth analysis of the second-hand car market in April 2020 China Automobile Circulation Association: overview and form analysis of the second-hand car market in 2019 [first] Youxin: 30 second-hand car consumption reports in the first half of 2019, PPT sharing the “second-hand car e-commerce” at home and abroad China Automobile Circulation Association: April 2020 China imported automobile market monthly report China Automobile Circulation Association: in the first quarter of 2020, luxury brands added 57 authorized 4S stores and 41 off-line 4S stores. China Automobile Circulation Association: April 2022 China automobile preservation rate report 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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