China Used Car Market Key Trends, Vendor Strategies, Industry Analysis and Forecast to 2017

China Used Car Market Size, Share, Trends, Company Profiles, Demand,

Insights, Analysis, Research, Report, Opportunities, Segmentation and

Forecast To 2017

The China used car market is expected to record a CAGR of more than 16% over the forecast

period from 2014 to 2017 with expected transaction reaching a volume of more than 9.50 million

in the year 2017 as per Sino Market Insight. Car ownership has increased with which the China

used car market is developing very fast. More than 5.0 million cars had been bought and sold in

China in 2013, that is 1.9 folds more than that in 2008 and over 8.6% YoY creating revenue of

more than RMB 1.5 billion. This shows an increase year on year of over 10.5% and 2.5 folds

equals to that in 2008. On the basis of the fact that users alter their cars in almost every five to

six years, China reached into the peak of car replacement in 2014 and the growth of the used car

market will lead in accelerating the raise.

The second hand sedans had the biggest share in segments’ terms. It had achieved transaction

volume of more than 3.03 million or over 58% of the overall volume and a turnover of more than

RMB 174.88 billion or over 59% of the overall amount in 2013, correspondingly.

Browse full report on: http://www.radiantinsights.com/research/china-used-car-marketreport-2014-2017

Obsessed by the speedily increasing ownership of SUVs, the market for second hand SUV is

prospering. This segment had achieved a transaction volume increasing at AAGRs of more than

27.9% and 35% in 2008 to 2013 to over 166,799 and a turnover of more than RMB 26.95 billion

in 2013, individually. The anticipation is that the used market for SUV is going to solidify the

status of high growth, i.e. approximately 30% in both, turnover and volume over the forecast

period. Hence it is going to be the fastest rising sector amid used cars market.

Region wise the China used car market is chiefly centralized in South and East China. Due to the

developed...