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%