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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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Renrenche gets fresh $200 million financing round from DiDi Chuxing

BEIJING – Renrenche.com, a leading e-commerce platform for C2C used vehicle transaction, announced on September 25 that it has received a fresh $200 million financing round from DiDi Chuxing to support the rapid development of its scale-up strategy. The two sides will have all-around and in-depth cooperation to jointly build

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2017 IFCAID: Auto industry to see major policy changes ahead

TIANJIN – China’s auto industry will be seeing major policy changes ahead, according to senior officials from the country’s various ministries and commissions who spoke at the 2017 International Forum (TEDA) on Chinese Automotive Industry Development (IFCAID) held in Tianjin on September 8-10. Timetable being drafted to ban traditional fuel

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FAW Toyota and Pangda open used vehicle center in Tianji

TIANJIN – FAW Toyota Pangda Boya Used Vehicle Center opened here on August 6 to provide all-around one-stop service covering all used vehicle business and optimize the network layout of FAW-Toyota’s used vehicle business. The used vehicle replacement service of FAW-Toyota has four advantages. Firstly, there are many professional appraisers

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Eight characteristics of China’s used vehicle market in 2017

WUHAN, Hubei – China’s used vehicle market in 2017 has eight key characteristics, according to Xiao Zhengsan, secretary-general of China Automobile Dealers Association (CADA). Xiao made the comments while presenting the 2017 Analysis Report on the Top 100 of China’s Used Vehicle Market at the 2017 China Used Car Assembly

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CUCA 2017: China’s used vehicle market undergoing major transformation

WUHAN, Hubei – China’s used vehicle market is undergoing major transformation and industry stakeholders better recognize this and grasp new development opportunities. That was the consensus among participants at the 2017 China Used Car Assembly organized by China Automobile Dealers Association (CADA) here on July 5-7. Shen Jinjun, president of

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China’s used vehicle market moving into fast lane, says CADA President Shen Jinjun

WUHAN, Hubei – China’s used vehicle market is moving into the fast lane, according to Shen Jinjun, president of China Automobile Dealers Association (CADA). Shen made the comments in his opening speech at the 2017 China Used Car Assembly organized by CADA in Wuhan on July 5 and offered three

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Trade volume of China’s used vehicle market to surpass 10 million units in 2016

BEIJING – China’s used vehicle trade volume is expected to surpass 10 million units in 2016, according to the Used Vehicle Financial Risk Management Report jointly released recently by iResearch and dycd.com. (Update: China’s used vehicle transactions reached 10.39 million units in 2016, up 10.33 percent from 2015, according to

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Cai Xu: Used vehicle e-commerce must focus on information transparency and service

Vehicle information transparency must be taken care of if “Internet+” were to change how used vehicles are traded, according to Cai Xu, co-founder of cheyipai.com, a leading online used vehicle trade portal. “Both the seller and the buyer in a used vehicle transaction lack full knowledge of the condition and

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