In depth analysis of used car market in November 2020 From China Automobile Circulation Association

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The following is the In depth analysis of used car market in November 2020 From China Automobile Circulation Association recommended by recordtrend.com. And this article belongs to the classification: Automobile industry.

In November 2020, the transaction volume of the second-hand car market nationwide was 1.5783 million, with a month on month growth of 6.41% and a month on month growth of 13.74%. The transaction amount was 96.755 billion yuan.

Passenger cars: 953100 basic passenger cars were traded, with a month on month increase of 6.36% and a year-on-year increase of 19.67%; 148600 SUVs were traded, with a month on month increase of 7.40% and a year-on-year decrease of 6.02%; 89800 MPVS were traded, with a month on month increase of 9.13% and a year-on-year increase of 1.46%; 36300 cross passenger cars were traded, with a month on month increase of 10.38% and a year-on-year decrease of 4.23%.

Commercial vehicles: there were 13.38 passenger cars, with a month on month growth of 5.49% and a year-on-year growth of 14.66%; there were 145300 trucks, with a month on month growth of 5.13% and a year-on-year growth of 26.58%.

In November, the trading volume of second-hand cars in China continued to grow, with a slight decrease compared with the same period last year. According to the practice of previous years, the overall demand for second-hand cars will increase towards the end of the year, and the market performance will be active.

In November, the national second-hand car trading volume was 1.5738 million, an increase of 13.74 percentage points compared with the same period last year, and the growth rate slowed down slightly. In the first half of the year, affected by the epidemic, the trading volume of second-hand cars increased slightly in May compared with the same period last year. In the third quarter, the trading volume of the whole country changed from decline to rise, and the market vitality continued to increase. Since August, there has been a double-digit growth for four consecutive months compared with the same period last year.

In November 2020, the second-hand passenger car emissions accounted for 47.56% of the total, with a month on month decrease of 0.94%. Second, the proportion of national five emissions was 36.67%, with a month on month growth of 0.23%. The proportion of national two and three emissions was 3.62%, 12.13%, with a month on month growth of 0.27% and 0.43% respectively. At least 0.02% of China’s first-class emissions, with a month on month growth of 0.01%.

From January to November 2020, the sales volume of second-hand passenger cars is dominated by the fourth national emission standard, accounting for 48.44% on average. The second was the fifth national emission standard, accounting for 33.81% on average, and the third and second national emission standard vehicles accounted for 13.23% and 4.45% on average, respectively. Only 0.07% of the vehicles emitted by the first country.

In November, second-hand cars with service life of 3-6 years accounted for the largest trading volume, accounting for 35.69%, an increase of 0.23% compared with October; service life within 3 years accounted for 24.25%, an increase of 0.35%; car age within 7-10 years accounted for 26.55%, a decrease of 0.35%; car age over 10 years accounted for 14.10%, an increase of 0.36%.

In November, the second-hand car market with a transaction price range of less than 30000 yuan accounted for the largest proportion, 34.06%, with a month on month growth of 3.10%; the vehicles with a transaction price range of 30000 to 50000 yuan accounted for 26.29%, with a month on month growth of 2.96%;

The second-hand car trading market in the price range of more than 300000 yuan accounted for the smallest proportion, 2.29%, with a month on month growth of 0.13%; in November, except for the second-hand car trading volume in the price range of less than 30000 yuan, 30000-50000 yuan and more than 300000 yuan, the trading volume in other price ranges decreased. Vehicles under 50000 yuan accounted for 60.35%, accounting for more than half of the overall market volume.

Market overview from January to November 2020

From January to November 2020, the accumulated trading volume of second-hand car market in China is 12.6335 million, a year-on-year decrease of 4.55%. Among them, 7.5484 million basic passenger cars were traded, a year-on-year decrease of 1.10%; 1.0963 million passenger cars, a year-on-year decrease of 14.03%; 1.11752 million trucks, a year-on-year decrease of 4.56%; 1.1987 million SUVs, a year-on-year decrease of 6.76%; 7334 million MPVS, a year-on-year decrease of 13.85%; 301 500 cross passenger cars, a year-on-year decrease of 8.21%.

From January to November 2020, the top 10 provinces in terms of trading volume are: Guangdong, Zhejiang, Shandong, Sichuan, Henan, Jiangsu, Beijing, Shanghai, Hebei and Liaoning.

Second hand car circulation analysis

From January to November 2020, the top 10 provinces in terms of trading volume are: Guangdong, Zhejiang, Shandong, Sichuan, Henan, Jiangsu, Beijing, Shanghai, Hebei and Liaoning.

Distribution of used car sales in cities from January to November 2020: first tier cities accounted for 13.02%, up 0.16% from last year, second tier cities accounted for 42.82%, up 0.87% from last year, third tier cities accounted for 17.75%, down 0.55% from last year, fourth tier cities accounted for 15.77%, down 0.63% from last year, and fifth tier cities accounted for 10.64%, up 0.14% from last year.

From January to November 2020, compared with last year, the sales of second-hand cars in the third and fourth tier cities decreased slightly, while the proportion of the first and second tier cities increased.

In November 2020, the proportion of national naturalization was 28.68%, an increase of 3.62 percentage points over the same period.

In November, the proportion of second-hand cars transferred to other countries was 28.68%, a new high in the year. Cross regional circulation was significantly better than last year, with a year-on-year growth of 3.62 percentage points. Affected by both holidays and epidemic situation, the lowest point of this year was in February, and the transfer rate was only 14.86%. From the second quarter on the whole, it showed a slow growth trend. From July to November, it was better than the same period of last year for five consecutive months.

From January to November, the total number of second-hand cars transferred was 3.4447 million, accounting for 27.27%, down 0.96 percentage points compared with the same period last year.

Market forecast

It is estimated that the trading volume of second-hand cars will be about 14.3 million in 2020, which is about 3% to 4% lower than that in 2019. The trading volume of second-hand cars is expected to reach 16 million in 2021, an increase of more than 10% over 2020. China Automobile Circulation Association: in depth analysis of second hand car market in October 2020 China Automobile Circulation Association: in depth analysis of national second hand car market in June 2020 China Automobile Circulation Association: in depth analysis of second hand car market in April 2020 China Automobile Circulation Association: in depth analysis report of national passenger car market in September 2020 The sales volume of Yi passenger car market reached 1.045 million, a year-on-year decrease of 40.4%. China Automobile Circulation Association: monthly report of China’s imported automobile market in April 2020 China Automobile Circulation Association: 57 new authorized 4S stores for luxury brands in the first quarter of 2020 41 online 4S stores: 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 second hand car market in November 2020 China Automobile Circulation Association: analysis of national second hand car market in July 2020 China automobile Circulation Association: analysis of second hand car market in September 2020 China Automobile Circulation Association: 2020 A brief analysis of the second hand car market in October 2020 China Automobile Circulation Association: national second hand car price index in November 2020 China Automobile Circulation Association: China second hand car manager index in November 2019 is 52.5%

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