【Smart Car Pie News】On January 17, the Association issued a document to briefly analyze the used car market in December and throughout 2021.
The article introduces the overall situation of the domestic second-hand car market: from January to December 2021, a total of 17.5851 million used cars were traded, an increase of 22.62% year-on-year, and the transaction amount was 1131.692 billion yuan, an increase of 27.32% year-on-year.
Multiplying associations
Among them, in December, a total of 1.6182 million used cars were traded nationwide, and the transaction volume increased by 4.83% month-on-month and 5.25% year-on-year, with a transaction amount of 116.186 billion yuan. From the perspective of the law of used car consumption, December is generally the highest point of used car trading in the whole year.
According to the analysis in the article, the automobile market will enter the peak period of increase and replacement in 2022, and the revitalization of the second-hand car stock is the key to activating the entire automobile market. On the one hand, the replacement of used cars to boost the upgrading of automobile consumption, especially luxury cars and new energy vehicles, are the main drivers of the growth of the automobile market in 2021. On the other hand, the replacement and circulation of second-hand cars promotes the transformation of vehicles in first- and second-tier cities into third-, fourth- and fifth-tier cities in economically underdeveloped areas, which can promote the deepening of automobile consumption into the rural market and enhance the overall vitality of the local economy. Therefore, revitalizing the stock of used cars can truly pull the car increment market
BYD Han EV
At the policy level, the announcement on clarifying several vat and other collection and management issues such as second-hand car distribution, the guidelines for promoting automobile consumption in the commercial field, and the notice on promoting the registration of second-hand car transactions across provinces to facilitate the transaction of second-hand cars in different places have solved the problems of inconvenient second-hand car transactions and long transfer cycles. The Association believes that overall, the mainland used car market will usher in major benefits.