Automobile industry

In depth analysis of the national second hand car market in January 2021 From China Automobile Circulation Association

The following is the In depth analysis of the national second hand car market in January 2021 From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

In 2021, the government will promote the reform of second-hand automobile production and circulation, and the report will focus on the reform of second-hand automobile production and circulation.

Second hand car sector, first of all, is indeed higher than expected, from a single month trading volume is higher than expected. On the whole, the second-hand car market delivered a relatively satisfactory answer in January. The monthly trading volume was more than 1.4 million, reaching 1.4316 million. Compared with December, the monthly trading volume decreased by 16.18%, and the monthly growth rate was 45.37%.

Passenger cars: 869000 basic passenger cars were traded, with a month on month decrease of 16.32% and a year-on-year increase of 51.06%; 150400 SUVs were traded, with a month on month decrease of 12.52% and a year-on-year increase of 34.73%; 81400 MPVS were traded, with a month on month decrease of 17.37% and a year-on-year increase of 36.64%; 32100 cross passenger cars were traded, with a month on month decrease of 14.99% and a year-on-year increase of 19.23%.

In January 2021, the transaction volume of second-hand cars nationwide was 1.4316 million, an increase of 45.37 percentage points compared with the same period last year. In January last year, the impact of the epidemic began to appear in some areas, which affected the trading situation of that month to a certain extent. Affected by the dual impact of the Spring Festival and the epidemic, the trading volume of second-hand cars in January 2020 was only 980000, lower than the historical level of the same period in the previous two years. Referring to the data of the same period in 2019, the growth rate in January 2021 is 19.52% higher than that in January 2019, which is obvious.

In January, the largest number of second-hand cars with a service life of 3-6 years were traded, with 533500 vehicles, accounting for 37.27%, an increase of 0.01 percentage point compared with the same period last year;

Within three years, 316800 vehicles were traded, accounting for 22.13%, with a year-on-year decrease of 1.41 percentage points;

In January, the trading volume of second-hand cars in the six major regions of the country only decreased in Northeast China compared with the same period last year, while other regions showed significant growth.

Among them, the growth rate in central and South China was the most obvious, with a year-on-year growth of 75.55%, and 424400 vehicles were traded. The growth rate of East China and southwest China exceeded 50%, and 478500 and 2116000 vehicles were traded respectively. The growth rate of Northwest China was 25.43%, and 82000 vehicles were traded. The year-on-year growth rate of North China was 7.12%, which was significantly less than that of other growth regions. The trading volume was 152400 vehicles, mainly due to the double impact of the epidemic situation and the new deal in Beijing this month, the trading volume showed a significant downward slip, with a decline of 51%. Northeast China was seriously affected by the epidemic, with a year-on-year decrease of 10.59%, and only 82600 vehicles were traded.

Distribution of used car sales in cities in January 2021: first tier cities accounted for 10.88%, 0.75% higher than last year, second tier cities accounted for 43.44%, 1.04% higher than last year, third tier cities accounted for 17.91%, 0.81% lower than last year, fourth tier cities accounted for 16.22%, 0.66% lower than last year, and fifth tier cities accounted for 11.55%, 0.32% lower than last year.

In January, the proportion of second-hand cars transferred was 26.22%, and the cross regional circulation was significantly better than that in the same period last year, with an increase of 1.16 percentage points over the same period last year. In January, the epidemic rebounded in some areas, which had a certain impact on the cross regional circulation of second-hand cars. Compared with December 2020, it decreased by 2.66 percentage points, close to the level in April last year.

In January 2021, 13.0% of the enterprises had inventory cycle within 15 days, 1.1 percentage points lower than that of last month. Enterprises with inventory cycle of 15-30 days accounted for 67.4%, which was basically the same as that of last month. Enterprises with inventory cycle of more than 30 days accounted for 19.6%, which was 1.1 percentage point higher than that of last month. More than 60% of the dealers said that the inventory cycle was between 15-30 days. The average inventory cycle in January is about 18 days.

In January 2021, 13.0% of the enterprises had inventory cycle within 15 days, 1.1 percentage points lower than that of last month. 67.4% of the enterprises had an inventory cycle of 15-30 days, and 19.6% had an inventory cycle of more than 30 days, an increase of 1.1 percentage points over the previous month. More than 60% of the dealers said that the inventory cycle was between 15-30 days. The average inventory cycle in January is about 18 days.

China Automobile Circulation Association: detailed analysis of used car market in September 2019 China Automobile Circulation Association: in the first half of 2016, the transaction volume of used cars nationwide was 4.774 million, with a year-on-year growth of 3.6%. China Automobile Circulation Association: in March 2020, the sales volume of domestic narrow passenger car market reached 1.045 million A year-on-year decrease of 40.4% China Automobile Circulation Association: in depth analysis of second-hand car market in April 2020 China Automobile Circulation Association: general situation and form analysis of second-hand car market in 2019 [part one] China Automobile Circulation Association: monthly report of China’s imported car market in April 2020 China Automobile Circulation Association: 57 New authorized 4S stores for luxury brands in the first quarter of 2020 Return 41 4S stores Youxin: 30 second hand car consumption reports in the first half of 2019 ppt share the development status and trend of “second hand car e-commerce” at home and abroad China Automobile Circulation Association: analysis of second hand car market in March 2020 China Automobile Circulation Association: analysis of second hand car market in June 2020 China Automobile Circulation Association: analysis of national second hand car market in July 2020 China Automobile Circulation Association: November 2020 Analysis of used car market in January 2021 China Automobile Circulation Association: in depth analysis of used car market in October 2020

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