China Automobile Dealers Association: From September 15 to 21, the national used car market's average daily transaction volume reached 68,100 vehicles, a month-on-month increase of 0.3%

According to the China Automobile Circulation Association, from September 15 to 21, the national used car market continued to show active trading, with an average daily transaction volume of 68,100 vehicles, a 0.3% increase from the previous week and a 5.6 percentage point increase compared to the same period in August, demonstrating characteristics of "slight month-on-month increase and year-on-year optimization." As of September 21, the cumulative transaction volume of used cars nationwide reached 1.216 million vehicles, a 4.5% increase compared to the same period in August. Considering the seasonal peak characteristics and the current trading pace, it is expected that the total transaction scale for September will reach 1.77 million vehicles, achieving steady growth compared to August. This week, the overall used car market showed a mild upward trend. Specifically, in various regional markets, the transaction volumes in North China, East China, and Central South regions all exhibited growth; the Northwest region remained relatively stable, with no significant fluctuations in transaction volume; while the Northeast and Southwest regions saw a slight decline in transaction volume this week. In detail, the average daily transaction volume of used cars in East China was 24,100 vehicles, a 0.74% increase from the previous week. From the performance of major cities, the used car markets in Xiamen, Nantong, Zaozhuang, Jinan, Jinhua, and Shanghai all showed slight upward trends this week. Notably, the markets in Nantong and Jinhua saw particularly significant growth, with both exceeding 10%; while Xiamen, Jinan, Shanghai, and Zaozhuang maintained a steady growth trend. In contrast, the markets in Hangzhou and Nanchang performed slightly sluggish this week, with transaction volumes decreasing by more than 10% compared to the previous week. The average daily transaction volume of used cars in North China was 2,700 vehicles, a 5.88% increase from the previous week. Specifically, this week, the used car markets in Beijing, Tianjin, Shijiazhuang, Taiyuan, and Chifeng all exhibited robust growth. Among them, the markets in Tianjin and Chifeng were particularly eye-catching, with transaction volume increases exceeding 15%; the transaction volume in Langfang increased by nearly 10%; Shijiazhuang also achieved a month-on-month growth of 5%; while Beijing and Taiyuan grew by 2.8% and 4.2%, respectively, compared to last week. The average daily transaction volume of used cars in Northeast China was 2,400 vehicles, a 4.55% decrease from the previous week. This week, the used car markets in several cities, including Harbin, Dalian, Changchun, Shenyang, and Jixi, showed a slight downward trend. Specifically, the transaction volume in Dalian decreased by 7.5% compared to the previous week; the transaction volumes in Harbin, Shenyang, and Changchun all saw declines of about 5%. In contrast, the decline in Jixi was more pronounced, with a decrease of 15% this week The average daily transaction volume of used cars in the Southwest region is 12,400 units, a month-on-month decrease of 5.25%. Specifically, this week, the used car markets in Chengdu, Mianyang, Kunming, and Lhasa have all experienced varying degrees of decline in transaction volume. Among them, the decline in the Lhasa market is particularly significant, with a month-on-month decrease of 20%; the transaction volumes in Chengdu and Mianyang markets decreased by 4% and 4.5% respectively compared to last week. The markets in Kunming and Guiyang saw declines of 5.2% and 3.8% this week; in contrast, the Chongqing market showed a relatively stable trend this week, with a month-on-month increase of 3.4%. The average daily transaction volume of used cars in the Central-South region is 25,400 units, a month-on-month increase of 2.86%. This week, the used car markets in Guangzhou, Dongguan, Nanning, Haikou, and Pingdingshan have all shown positive growth trends. Notably, the Guangzhou market has a strong growth momentum, with a month-on-month increase exceeding 20%; the Haikou market also performed well, with a rise of 15% this week; the Nanning market maintained steady growth, with a month-on-month increase of 5%. However, the markets in Wuhan, Changsha, and Jiaozuo experienced varying degrees of decline, with Changsha and Jiaozuo seeing a rapid decline, both exceeding 10%; the Wuhan market saw a month-on-month decrease of 4.7%. The average daily transaction volume of used cars in the Northwest region is 1,100 units, with overall trading conditions remaining stable. This week, the markets in Xi'an, Xining, Wuzhong, and Bazhou showed slight growth trends, with increases in the range of 2%-5%; however, the transaction volume in the Lanzhou market saw a noticeable decline, with a decrease of 20%; additionally, the Yulin market experienced a slight decline of 3.5% this week