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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 vehicles totaled 7.37 million units, up 17.35 percent, while that of used buses reached 1.33 million units, up 25.4 percent. Used truck transaction volume reached 1.11 million units, up 11.26 percent, while that of used MPVs reached 720,000 units, up 22.83 percent. Used SUV transaction volume reached 860,000 units, up 27.37 percent, becoming the segment with the fastest growth.

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