The industry tends to standardize trading volume

In 2022, influenced by the external environment, the epidemic and other factors, China's commercial vehicle market is undergoing a major cycle adjustment. From January to September, the national new vehicle sales volume was 2.48 million, down 34% year on year. Different from the significant decline in the sales of new cars, the trade of used commercial vehicles showed a good trend. From January to July, the trade volume of used medium and heavy trucks in China has exceeded 1 million, with a year-on-year growth of 28%.

Since the Chinese government Work report in 2016 first proposed to stimulate the second-hand car market, The General Office of the State Council, the National Development and Reform Commission, the Ministry of Commerce and other departments have introduced policies to support the reform of relocation restriction, tax reduction, export, scrapping, remanufacturing, finance and other blocking points. Relevant national policies have been continuously optimized, basically systemizing the difficulties faced by the second-hand car industry in China.

In July this year, 17 departments including the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the Notice on Several Measures to Revitalize the circulation of Automobiles and Expand Automobile Consumption, introduced a series of new policies to facilitate the commercialization and circulation of second-hand automobiles, and completed the top-level design for the standardized management of the second-hand automobile market. In September this year, the Ministry of Commerce and the Ministry of Public Security issued the Notice on Improving the Registration of the Main Body of the Second-hand Car Market and the Registration of Vehicle Transactions, introducing a series of new measures to facilitate the registration of second-hand car transactions, further reducing the cost of the registration of second-hand car transactions, clarifying relevant management systems, and better promoting the sustainable and healthy development of the automobile ladder consumption and the second-hand car market.