From January to July, China's used vehicle transactions were 9.983 million units, up 46 percent year-over-year and 22.5 percent from the same period in 2019, according to data released Friday by China's Ministry of Commerce.

In July, China traded 1.459 million used vehicles, up 15.7 percent year-over-year. The ratio between used and new vehicle transactions reached 0.78, a record high, the data showed.

Analysts call Nio-backed Uxin China's 'Carvana' in the making

Join us on or

Related posts on CnEVPost

China's used car transactions up 46% year-over-year in first seven months-CnEVPost
CPCA expects China Dec NEV retail sales to be record 1.4 million
China's used car transactions up 46% year-over-year in first seven months-CnEVPost
Next Beijing auto show to be held Apr 24-May 3, 2026
China's used car transactions up 46% year-over-year in first seven months-CnEVPost
Dongfeng Motor enters Mexico with launch of over 10 models
China's used car transactions up 46% year-over-year in first seven months-CnEVPost
China NEV retail at 536,000 in Dec 1-15, up 6% from same period last month