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China used vehicle sales up 11.53 percent in first five months

BEIJING – China’s used vehicle sales increased by 11.53 percent to 2.3 million units in the first five months of the year, according to the data released by Shen Rong, deputy secretary general of China Automobile Dealers Association (CADA) on July 17 at a press conference.

Use vehicle trade volume totaled ¥139.2 billion ($22.3 billion) between January and May, up 21.44 percent compared with the same period of last year.

Sales of used passenger cars reached more than1.3 million units, an increase of 10.21 percent, and the transaction volume were 85.3 ¥billion.

Guangdong Province remained first with used vehicle sales of about 42,000 units in the first five months, followed by Sichuan Province and Beijing, according to the data.

Used vehicle sales are estimated at more than 9 million units in 2014, according to Shen.

Sales of China’s used vehicles in the first half of 2014

Type

Sales (units)

% Change (YOY)

Volume (¥ billion)

Passenger car

1,322,700

10.21

85.269

SUV

67,200

7.56

9.73

Bus

375,400

18.35

18.192

Truck

318,400

15.87

13.789

Source: CADA

 

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