Automobile industry

Weekly express of used cars from March 1 to March 7, 2021 From China Automobile Circulation Association

The following is the Weekly express of used cars from March 1 to March 7, 2021 From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

1、 Weekly trading trend of used cars in March

The average daily trading volume of second-hand cars in the first week of March was 53800, an increase of 10.45% over the last week of February, maintaining a double-digit growth rate.

This year’s Spring Festival holiday is from February 11 to 17, so the actual trading days in the second and third weeks of February are only 7 days. The average daily trading volume from February 8 to 21 is 40600 vehicles, down 13.92% compared with the first week. During the Spring Festival, the demand for cars decreased, the number of customers gathered and the sales volume decreased. After the Spring Festival, the market gradually returned to normal operation. Although the demand for cars was not strong, there was still a more obvious growth compared with the previous two weeks. The average daily trading volume in the last week of February was 48700, a month on month growth of 19.95%.

At present, the supply of vehicles in the market is relatively sufficient. However, due to the increase of inventory and inventory cycle in February, the pressure of vehicle dealers’ working capital is greater, which may have an impact on the collection of vehicles in March. It is suggested that car dealers should reasonably control the inventory and give priority to the recovery funds of vehicles in stock. It is expected that the business situation may improve.

2、 Regional weekly analysis of used car market in March

In terms of regional trading, in the first week of March, the growth rate in central and South China was the most obvious, with a month on month increase of 31.22% and an average daily trading volume of 2600 vehicles; followed by North China, with an increase of 28.12% and an average daily trading volume of 7900 vehicles; East China and southwest China grew by 16.20% and 11.91% respectively, with an average daily trading volume of 19500 vehicles and 6300 vehicles. Compared with last week, the northeast and northwest regions showed a decrease, with the most obvious decrease in northeast region, with an average daily trading volume of 35000 vehicles, down 13.56% compared with last week; the average daily trading volume of northwest region was 144200 vehicles, down 0.56% compared with last week.

From the trading situation of the six regions in February, the month on month decrease of East China and Central South China was more than 30%. It can be seen that part of the demand of Central South and East China due to holiday backlog in February began to appear in early March. In addition, the epidemic situation in North China was seriously affected in January, and the market performance was poor. The market demand began to recover gradually in February, and the market transaction was obviously active in the first week of March.

Overall, the epidemic prevention and control has been normalized, the production and life of residents have gradually returned to normal, the income has been stable, and the consumer confidence has been improved. The market demand in the late Spring Festival is gradually released in the near future. Read more: China Automobile Circulation Association: in the first quarter of 2020, 57 new authorized 4S stores of luxury brands will be added and 41 online 4S stores will be returned. China Automobile Circulation Association: monthly report of China’s imported automobile market in April 2020 China Automobile Circulation Association: in March 2020, the sales volume of domestic narrow sense passenger car market will reach 1.045 million A year-on-year decrease of 40.4% China Automobile Circulation Association: the second-hand car manager index in September 2020 is 52.7% China Automobile Circulation Association: a brief analysis of the second-hand car market in September 2020 China Automobile Circulation Association: a detailed analysis of the national second-hand car market in November 2019 China Automobile Circulation Association: Weekly express of second-hand cars from March 8 to March 14 2021 China Automobile Circulation Association: December 2020 national second-hand car market Handcart price index China Automobile Circulation Association: a brief analysis of the second hand car market in November 2020 China Automobile Circulation Association: a deep analysis of the second hand car market in October 2020 China Automobile Circulation Association: a second hand car manager index of 49.3% in November 2020 China Automobile Circulation Association: a brief analysis of the second hand car market in October 2020 China Automobile Circulation Association: a deep analysis of the national second hand car market in March 2020 Analysis of China Automobile Circulation Association: second hand car market overview and form analysis [Part 2] China Automobile Circulation Association: a brief analysis of second hand car market in March 2020

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