Used Car Market in China

1
China Used Car Market Performance and Outlook to
2027-COVID-19 Impact Assessment

• Makreo Research and Consulting

2
Executive Summary

• Used car market in China is experiencing year on
  year growth and after the virus outburst and
  shortage of semiconductor chips country is
  visiting double digit growth in demand in China
  second hand car market.
• Economy of China China was the only major
  economy to grow in 2020, although at its slowest
  pace in decades, with a 2.3 growth. According to
  the National Statistics Bureau, the country's GDP
  increased by 6.5 in the fourth quarter of 2020,
  outpacing the 6 growth rate seen at the end of
  2019, before the coronavirus gained strength

3
Positioning of Used car market in China
Automobile Industry

• China is one of the world's largest auto
  marketplaces, producing more than half of all
  automobiles worldwide. China is leading as the
  world's largest used car market and the world's
  largest automobile producer. Used cars are sold
  in China are mainly by organized dealerships,
  unorganized, independent dealerships, and
  internet sites like Guazi.com, Uxin Group
  (xin.com), Renreche (renrenche.com), Souche.com,
  and others.

4
Key Questions Answered

• How China used car market has fared in the past
  and what is the present scenario?
• What are the key variables impacting the China
  Used car market growth covering both micro level
  and macro level assessment?
• How China economy is performing after the virus
  outburst and what is the stage of development of
  China used car market?
• Where China is placed in global trade and also
  discuss the present state of used car trade
  market?
• How China automobile industry is performing
  despite of global economy slump?
• Was COVID-19 an opportunity for the China used
  car industry or a threat?

5
Scope of the Study

• The following synopsis is based on the report
  "China Used Car Market- COVID-19 Impact and
  Outlook to 2027" published by Makreo Research and
  Consulting. The report delves deeply into various
  parameters of China Used Car market such as
  market size, segmentation, value chain analysis,
  and industry cause and effect analysis. The study
  includes market dynamics that provide an
  understanding of industry opportunities, driving
  forces, major challenges impeding growth, and an
  analysis of future opportunities that may help
  market players capitalise on untapped business
  potential in the specific geography.
• Review our other publications on Used car
  industry https//www.makreo.com/automotive-transpo
  rtation/used-vehicles