Used car sales in China witnessed a serious revival in February. In this context, a rising demand and a strong revival in the relevant market were detected in the period following the Spring Festival.
Nearly 1,46 million used car owners changed in China last month. China Automobile Buyer-Dealers Association reported that this number corresponds to an increase of 35,48 percent compared to the same month of the previous year. On the other hand, in China, more than 2,7 million used vehicles changed hands in the first two months of the year, which is an increase of 5,68 percent compared to the same period of the previous year.
It is stated that China's second-hand vehicle market regained a strong dynamic in February and the mechanism to compensate for the past recession brought great opportunities to the market. According to the association's statement, measures to support large-scale and standardized business activities in this branch in the country will strengthen the healthy development of the said market.
In addition, while using optimistic statements about the future of the market, the Association pointed out that the market in question will gradually improve due to the increasing confidence of used car companies in the branch.