What is the current situation and development of the used car market in China?

The e-commerce platform is expected to open up the stock space of used cars

In the first 1 months of p>219, the growth rate of used car transactions was 14.3 percentage points higher than that of new car sales. From the development history of developed countries, the volume of used cars in the United States, Germany and other automobile countries has been more than twice that of new cars; On the other hand, the trading volume of used cars in China is still less than half of the sales volume of new cars, which fully shows the future development potential of China's used car market. With the entry of e-commerce platform, problems such as honesty that hindered the development of the used car market in the past are expected to be solved-

While the new car market is weak, the used car market has ushered in spring. A few days ago, according to the statistics of china automobile dealers association, in October 219, the national second-hand car transaction volume was 1.267 million, a year-on-year increase of 7.3%. The transaction amount is 79.334 billion yuan. From January to October of 219, a total of 11.853 million used cars were traded, up 4.6% year-on-year. The growth rate of used car transactions was 14.3 percentage points higher than that of new car sales. The ratio of used car transactions to new car sales increased from .5:1 in the same period last year to .57:1, with a transaction amount of 746.38 billion yuan.

the total number of used cars transferred from different places reached 3.389 million, accounting for 28.6%, up 2.9 percentage points year-on-year. Experts said that the used car market continued its good trend of "Golden September and Silver 1" in October, and the market prospect was promising.

statistics and growth of second-hand car trading volume in China in the first ten months of p>212-219

statistics and growth of second-hand car trading volume in China in the first ten months of 211-219

data source: statistics and growth of second-hand car trading volume in in the first ten months of 211-219

e-commerce platform

In recent years, second-hand car e-commerce has flourished. Taking the second-hand car of melon seeds as an example, the new technologies, new formats and new models based on the platform economy have infiltrated and reconstructed the traditional industrial structure, and made efforts to solve the "pain points" of the industry and better protect the legitimate rights and interests of consumers. At the same time, the platform itself has also achieved rapid development.

Feng Hua, director of the Institute of Service Economy and Emerging Industries of Beijing Jiaotong University, believes that in the era of new Internet economy, automobile trading has entered a new stage of the development of platform economy, and the national unified second-hand car trading platform will inevitably rise rapidly. The industrial ecology formed on the basis of the platform, the leading enterprises in the industry are the organizers and leaders of the platform, which is meaningful to the standardization and innovation of the whole industry and will effectively promote the standardized and high-quality development of the used car market.

Feng Hua said that the Internet platform can promote the traditional used car industry as follows:

First, it can promote the transparency of the industry. Through the application of big data and artificial intelligence technology, Internet platform enterprises have built a trading mode with transparent vehicle conditions and standardized pricing.

the second is to accelerate the cross-regional automobile circulation. Internet can easily break the physical space restrictions, effectively gather vehicle sources, and build related infrastructure such as logistics and equipment, which can more effectively promote cross-regional automobile circulation.

the third is to enhance the industrial value. Compared with the traditional second-hand car trading, the internet platform has transformed the second-hand car trading from low-frequency trading to high-frequency service by building and improving the ecological service chain, greatly improving quality and efficiency.

In addition, compared with the traditional format, the Internet platform is more motivated to strengthen its own responsibilities and protect consumers' rights and interests. Xiong Bingwan, a researcher at the Institute of Future Rule of Law of Renmin University of China, said that platforms have market attributes, and platform operators should not only cultivate and operate the market, but also have the responsibility to carry out market supervision. For example, the platform should review the access of merchants, design the platform agreement, carry out credit management for settled merchants, deal with illegal behaviors of merchants, resolve consumer disputes, persuade bad merchants, and so on. In fact, the platform itself has the motivation and ability to play a self-regulatory role in platform affairs.

experts said that the overall market scale of the used car industry is huge, and the penetration rate of the used car e-commerce scale in the whole used car industry is low at present, and it is still in the early stage of development, with huge development space. At present, China's second-hand car market is in disorder, in fact, in the United States and Japan and other countries with mature second-hand car industry. In the future, with the gradual improvement of the second-hand car testing system and trading system, China's second-hand car e-commerce and second-hand car market are also expected to mature.

For more data sources and analysis, please refer to the Insight Report on the Market Demand of Second-hand Automobile Industry in China issued by Forward-looking Industry Research Institute. At the same time, Forward-looking Industry Research Institute also provides industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment attraction and other solutions.