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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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Luo Lei: Used car remains emerging industry in China

Used car remains an emerging and promising industry in China, said Luo Lei, deputy secretary general of China Automobile Dealers Association (CADA). According to CADA statistics, used vehicle transaction volume reached 5.2 million units in 2013, up 8.6 percent. The transaction volume of passenger vehicles reached 3.52 million units last

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