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China’s used vehicle transactions top 12 million units in 2017

BEIJING – Used vehicle transaction volume of 1,068 used vehicle trading markets in 31 provinces reached 12.4 million units in 2017, up 19.33 percent year-on-year, with transaction value of ¥809.2 billion, according to data released by China Automobile Dealers Association (CADA) on January 24. In 2017, transaction of used basic passenger

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Revised regulation to stimulate used car market

The Administrative Methods of Used-Vehicle Sales (suggested draft for revision) has been completed and released late last month for review within the industry, according to local media. Compared to the existing 10-year-old regulation, the revised version has reportedly made major changes in the following five areas. The first is the

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