【Doujin News】Latest Automotive Industry Updates

Doujin Information

This week, the domestic used car industry witnessed multiple significant developments in policies, transaction data, e-commerce expansion, new energy vehicle circulation, and export regulations. The market ended a two-week consecutive decline and saw a slight recovery. A new used car replacement subsidy policy was officially announced and will be implemented nationwide starting in July. Leading online used car platforms are accelerating the expansion of offline dealerships. The inspection and traceability system for new energy used cars continues to improve. The export industry will implement the strictest compliance standards in history starting in July. Doujin Paiche Wang has compiled five key industry news items, covering five major dimensions: macro policies, terminal market conditions, platform dynamics, new energy vehicle circulation, and export regulations, to help car dealers and buyers understand the key changes in the industry.

Circulation Association Releases Weekly Transaction Data, Used Car Market Ends Consecutive Decline, Sees Slight Recovery Month-on-Month

On June 18, the China Automobile Dealers Association released the national used car weekly transaction monitoring report for June 8 - June 14. The average daily transaction volume of used cars nationwide this week was 70,800 units, a month-on-month increase of 1.71% compared to the previous week (June 1-7), ending the downward trend of transaction volume for the previous two consecutive weeks. Terminal car purchase demand is gradually being released, and the industry is experiencing a phased recovery. Regionally, the market shows a clear divergence between hot and cold areas: The East China region had the strongest recovery, with an average daily transaction of 30,100 units, a month-on-month increase of 3.40%. Single-city transaction volumes in Linyi and Hefei increased by over 12%. The North China and Central-South regions saw slight growth simultaneously. Transaction volume in the Northwest remained flat. The Northeast and Southwest regions still experienced slight declines. The Circulation Association analyzed that the continuous price cuts of new cars are creating price inversion pressure, extending the inventory cycle of fuel used cars to over 40 days, leading dealers to focus on clearing inventory through price reductions. The proportion of new energy used car models in transactions is steadily increasing, becoming the core driver of market recovery. In the short term, the overall market is in a seasonal off-season recovery phase, and a significant strengthening still requires the implementation of the replacement subsidy policy to release demand.

National Used Car Replacement Subsidy New Policy Announced, Effective July 1, Maximum Subsidy for Used New Energy Vehicles is 12,000 Yuan

On June 21, the Ministry of Commerce, the Ministry of Finance, and the Ministry of Industry and Information Technology jointly issued the "Detailed Rules for the Implementation of Special Subsidies for Used Car Trade-ins." The policy implementation period is from July 1, 2026, to June 30, 2027. It is the first time to introduce a "used-for-used" financial subsidy, directly distributed to individual car buyers, with funds going straight to personal accounts. Subsidies are distributed in four fixed tiers: 3,000 yuan for used cars priced at 50,000 yuan and below; 5,000 yuan for those priced between 50,000 and 100,000 yuan; 8,000 yuan for those priced between 100,000 and 200,000 yuan; and 10,000 yuan for those priced above 200,000 yuan. If a pure electric or plug-in hybrid used new energy vehicle is purchased, an additional 2,000 yuan subsidy is added per vehicle. Used new energy vehicles priced above 200,000 yuan can enjoy a maximum comprehensive subsidy of 12,000 yuan. Application conditions are clear: Consumers must sell a non-operational private car registered under their name for at least one year, complete the transfer and invoicing through compliant trading markets or formal dealerships, and purchase a used passenger car meeting China IV or higher emission standards nationwide within the same year to apply for the subsidy. Industry insiders interpret that this policy directly reduces the cost of used car purchases for ordinary families, will significantly boost the circulation of entry-level commuting and household new energy used cars, and benefits online auctions and offline physical dealers in terms of overall sales volume.

Uxin Announces Founder's Share Increase Plan, Doubles Down on Offline Super Stores, Aims to Sell One Million Used Cars Annually by 2030

On June 18, leading domestic used car e-commerce company Uxin Group publicly announced that its founder and CEO, Dai Kun, plans to increase his holdings of the company's stock in the secondary market using personal funds within the next 12 months, with a cumulative increase cap of 5 million US dollars, signaling long-term optimism for the trillion-yuan domestic used car market. In terms of offline channel expansion, Uxin has already established six national warehouse-style super stores in Xi'an, Hefei, Wuhan, Jinan, Tianjin, and other cities, and has reached cooperation agreements for implementation in over ten cities including Shijiazhuang and Chongqing. The company has publicly stated its long-term plan: to build 50 standardized offline stores by 2030 and achieve an annual retail volume of over one million used cars. Regarding the current industry situation, company executives stated that although the continuous decline in new car prices squeezes used car profits in the short term, the industry reshuffle window benefits large-scale, standardized platforms. Small and scattered dealers are gradually being phased out, and the market share of leading platforms with complete inspection, warranty, and online auction capabilities will continue to increase. The company will continue to increase investment in vehicle condition inspection and the national vehicle source circulation system.

Used New Energy Vehicle Battery Traceability Platform Fully Implemented, No Official Battery Inspection Report Means No Transfer Allowed

This week, the national power battery unified traceability platform completed data integration across all provinces and cities. The new regulation on mandatory battery inspection for used new energy vehicles issued by six ministries in April 2026 has entered the stage of full implementation and verification. Vehicle management offices nationwide are simultaneously implementing verification standards: All used new energy vehicles listed for trading or undergoing transfer registration must be accompanied by an official three-electric (battery, motor, electronic control) special inspection report issued within 48 hours. Without a compliant report, transfer procedures will not be processed. The platform establishes a lifelong electronic file for each power battery, recording data on battery production, repair, replacement, and degradation. It interconnects data with public security, insurance, and automakers, achieving a full-chain traceability of "one code per vehicle, one file per battery." The policy also opens up third-party three-electric maintenance rights, meaning that regular external repairs do not affect the used car transaction warranty. Market feedback shows that after the policy implementation, consumer concerns about used electric vehicles have significantly decreased, with online inquiries for used new energy vehicles increasing by 21% week-on-week in the past week. Dealer operating costs have slightly increased, but transaction conversion rates have significantly improved, and the industry has bid farewell to the transaction pain point of "unverifiable battery degradation."

Strictest New Regulations for Used Car Exports Officially Take Effect on July 1, Export Threshold for Zero-Kilometer Quasi-New Cars Significantly Raised

This week, the four ministries of Commerce, Industry and Information Technology, Public Security, and General Administration of Customs reiterated that the new used car export regulatory policies will be fully implemented starting July 1, with no grace period for rectification. Existing export vehicles that have not cleared customs must complete self-inspection and rectification before the end of June, or face suspension of customs clearance and export license processing. The core regulatory adjustments include three key points: 1. For the export of quasi-new cars registered for less than 180 days, a stamped "After-sales Service Confirmation Letter" from the automaker must be submitted. Without this material, no export license will be issued, completely curbing the phenomenon of "new cars disguised as used cars for export." 2. Establish a negative list for dishonest export enterprises. Export enterprises found falsifying information or exporting illegally modified vehicles will be summoned for talks and have their export qualifications revoked, with associated enterprises also facing restrictions. 3. For the export of modified used cars, complete documentation including the MIIT announcement, CCC certification, and original factory modification proof must be provided. Assembled or illegally modified vehicles are strictly prohibited from leaving the country. Simultaneously, domestic circulation links are also subject to upgraded regulations. All used car transaction contracts, vehicle condition reports, and fund flows will be uniformly archived in the regulatory platform. Vehicles with hidden accidents, water damage, or odometer tampering will face a "return one, compensate three" penalty standard. Online auction and live-streaming car sales platforms will also be included in the scope of regular spot checks.

Reposted from Doujin Paiche

$Uxin(UXIN.US)