---
title: "Cui Dongshu from the Passenger Car Association: The transfer ratio of second-hand cars reached 35% in January, a historical high for the period"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278521765.md"
description: "Cui Dongshu, Secretary-General of the Passenger Car Association, stated that in January 2026, the national used car market transaction volume was 1.73 million units, a month-on-month decrease of 8%, and a year-on-year increase of 18%, with a transaction amount of 110.6 billion yuan, a year-on-year increase of 14.8%. The cumulative transaction volume for 2025 was 20.11 million units, a year-on-year increase of 2.5%, with a transaction amount of 1.2898 trillion yuan, an increase of 0.4%. The transfer ratio of used cars reached a historical high of 35% in January 2026. The transaction volume of the new energy used car market was 158,000 units, a month-on-month decrease of 6%, and a year-on-year increase of 74%"
datetime: "2026-03-10T09:01:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278521765.md)
  - [en](https://longbridge.com/en/news/278521765.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278521765.md)
---

# Cui Dongshu from the Passenger Car Association: The transfer ratio of second-hand cars reached 35% in January, a historical high for the period

36Kr learned that Cui Dongshu, Secretary-General of the Passenger Car Association, stated that in January 2026, the national used car market transaction volume was 1.73 million units, a month-on-month decrease of 8%, and a year-on-year increase of 18%, with a transaction amount of 110.6 billion yuan, a year-on-year increase of 14.8%. From January to December 2025, the cumulative transaction volume of used cars was 20.11 million units, a year-on-year increase of 2.5%, with a transaction amount of 1.2898 trillion yuan, an increase of 0.4%. In recent years, the transfer ratio of used cars has fluctuated between 25% and 30%, reaching a historical high of 35% in January 2026. In January 2026, the national new energy used car market transaction volume was 158,000 units, a month-on-month decrease of 6%, and a year-on-year increase of 74%, with a new energy penetration rate of 12.2%. From January to December 2025, the cumulative transaction volume of new energy used cars was 1.61 million units, a year-on-year increase of 43%

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