China's Used-Car Market Softens: September Volume 1.5727 Million, Down 12.35% Year on Year
The China Automobile Dealers Association released data on November 9 showing China's used-car market traded 1.5727 million units in September, up 3.72% month on month but down 12.35% year on year, with a transaction value of 96.429 billion yuan. In the first nine months, cumulative used-car volume reached 14.3638 million units, down 2.5% year on year, a reduction of 369,000 units versus the same period, with cumulative transaction value of 936.401 billion yuan. The year-on-year weakness in used-car volume reflects soft consumer demand on the circulation side, with dealers' inventory turnover and profit margins under continued pressure as the spillover from the new-car price war persists. The market will watch for demand recovery and policy support to boost circulation.
Source: Tencent / National Business Daily, Nov 10, 2026 | 2026-11-09
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