On November 14th, the “China Automobile Market Index Research Institute†and the “Car-Wheel-Free†car service group held a press conference in Nanjing, and the “Blowout†forecast: China Used Car Market Index Release Report was published.
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According to the report, according to the internal development logic of the automobile market, 5-8 years is the period of automobile replacement, which is the “new car and used car delivery periodâ€. In 2009 and 2010, China's new car market was “blowoutâ€, with an annual growth rate of 45.4% and 32.4%. The possible "blowout" in the Chinese used car market has a gestation period of 5-8 years. Of course, the used car market "blowout" also needs:
The accumulation of national car ownership - China's car ownership has reached 137 million, the annual growth rate of more than 10%, will enter the inflection point of 300 million vehicles, China's car ownership will also surpass the United States to become the world's first, and usually The average car ownership of 13.5% will be converted to the annual used car trading volume;
The match between “new car and used car sales ratio†is 1:1 in the world, 1:1.5-3.5 in developed countries, and 1:0.25 in China.
Social automobile culture - the maturity of national consumer psychology - With the rapid development and maturity of the automobile market, consumers have abandoned the psychology of "showing the rich" and the "poverty" mentality, and the purchase of used cars has been getting more and more Accreditation
The government's policy orientation and system, the state of soundness of the industry - the "three guarantees" of automobiles, the automobile dealership, the new policy of automobile maintenance and the release of the technical specifications for the evaluation of used cars.
Wang Guorong, chief analyst of the China Automotive Market Index Institute and a professor of the Chinese Academy of Social Sciences, said that the "Chinese Dream", "all-round well-off" and "new urbanization" will greatly boost the "internal demand" of the automobile, the Third Plenary Session of the 18th CPC Central Committee, The decision-making role of the Fourth Plenary Session and the major decision-making in governing the country according to law will release a huge “reform dividend†on the Chinese auto market.
Xiao Xiaocheng, the chairman of the car-free business car service group, pointed out that in the new format of the second-hand car that the group has risen, “the car has no worries†– “Amoy Car†has created a service, upgraded brokers, used online and offline The car integration service chain model may have the most potential for development. "China Automobile Market Index Research Institute" and "Car Sweeping Worry" jointly released the "China Used Car Market" index in the "China Auto News" and other media, making this index more "earth" and will become the "blowout" The Chinese used car market wind vane.
July 01, 2023