(I-BusinessNews.Com, February 27, 2020 ) According to WardsAuto, the used car sales are expected to take off in the coming years as stocks grow and buyers become more confident purchasing second-hand cars in China. The Chinese used-car market is expected to have a boom in the next decade due to new car ratio is quite bigger than used car. Increasing numbers of online sites provide information on the history of a vehicle, giving consumers greater confidence to buy used car. Franchised dealerships captured just about 5% of the sales of used cars and less than 10% of dealerships have their own-brand sales of used cars. Independent dealers in China account for most of the sales of used vehicles followed by online dealers. China Used Car Market is expected to reach 385 Billion by the end of the year 2025.
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China’s e-commerce reform, such as the regulation of automobile sales, registry of used cars sold across provinces and city boundaries, amending laws regulating the recycling of scrapped vehicles. Such laws made it possible for selected unauthorized dealers to market used imported cars. Sedan and SUV is the most common used car sold in China as younger Chinese people under the age of 30 choose to buy these two vehicles. Chinese people consider buying a used car because of excellent conditions, lower car costs, options to select the best brand and model.
Renub Research report titled “China Used Car Market & Volume, and Volume by Types (Sedan, SUV, Micro Van, Trailer, Motorcycle, and Others), Vehicle age, Distribution Channels (Organized & Unorganized Dealers), Region (East China, South Central China, Northern China, South West China, North East China, North West China), Pricing, Company (Guazi , Uxin Group (2C and 2B business Segments), Renreche, Souche, and CAR Inc)” provides a complete analysis of China Used Care Market.
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Market Summary:
By Car Type: We provide a full analysis of China used car market along with volume by a different type of car; SUV, Sedan, Micro Van, Trailer, Motorcycle, and others.
By Vehicle Age: This report included full assessment of China used car volume share by the age of the vehicle; 10 Years.
By Distribution Channel: This report provides full market insight by distribution channel framework, details about demand and supply side of organized dealers who deals in a used car. It is categorized into four parts; Online, Organized Dealers/ Large Vehicle Market, Unorganized/ Independent Dealers, and companies covered.
By Region: This report provides a full picture of the regional profile; East China, South Central China, Northern China, South West China, North East China and North West China.
Key Topics Covered :
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. China Used Vehicle Market
6. China Used Vehicle Units
7. Volume Share – China Used Car
7.1 By Types
7.2 By Vehicle Age
7.3 By Distribution Channels
7.4 By Region
7.5 By Pricing Analysis
8. Type – China Used Vehicle Volume
8.1 Sedan
8.2 SUV
8.3 Micro Van
8.4 Trailer
8.5 Motorcycle
8.6 Others
9. Vehicle Age – China Used Vehicle Market & Volume
9.1 10 Years)
10. Distribution Channels – China Used Vehicle Market & Volume
10.1 Organized Dealers / Large Vehicle Market
10.2 Online
10.3 Unorganized / Independent Dealers
11. By Region – China Used Vehicle Market & Volume
11.1 East China
11.2 South Central China
11.3 Northern China
11.4 South West China
11.5 North East China
11.6 North West China
12. Pricing Analysis – China Used Vehicle Volume
12.1 Less than USD 4500
12.2 Between USD 4500 – 7500
12.3 Between USD 4500 – 12000
12.4 More than USD 12000
13. Merger & Acquisitions
14. Companies Covered
14.1 Guazi in Units
14.2 Uxin Group in Units (2C and 2B business Segment)
14.3 Renrenche in Units
14.4 Souche in Units
14.5 CAR Inc
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