The second-hand car market is expected to exceed 20 million units in 2022, and the volume and price will fly together

"It is expected that the national car sales in 2021 will be about 25.8 million units, which is basically the same as in 2020, of which passenger car sales will be about 21 million units, which is expected to increase slightly by 5% compared with 2020; in terms of used cars, the annual transaction volume is expected to exceed 17 million units." The above is the overall judgment of the China Automobile Dealers Association on the auto market in 2021.

In 2021, China's automotive industry is full of achievements. This year, China's car ownership exceeded the 300 million mark, the latest data from the Ministry of Public Security shows that China's motor vehicle ownership has reached 393 million (cars exceeded 300 million), is the world's largest car ownership of the country; this year, the national second-hand car "inter-provincial general office" full implementation, it is expected that the second-hand car trading volume will exceed 17 million, the growth rate will exceed 20%; this year, China's new energy vehicle ownership is expected to exceed 8 million.

In terms of passenger cars, data from the Federation of Passenger Vehicles shows that from January to November, China's new energy passenger car sales were 2.514 million units, an increase of 178.3% year-on-year. The annual penetration rate of new energy passenger vehicles will reach 15%, compared with 5.8% in 2020. The "Provisions on the Responsibility for Repair and Replacement of Household Automobile Products" also includes new energy vehicles in the scope of the three guarantees on the basis of the original, and the exclusive car insurance for new energy at the end of the year is also officially launched...

Of course, this year we also experienced difficulties such as chip shortages and repeated epidemics.

In terms of the used car market alone, the shortage of chips is good news to some extent. Although the prices of new cars and used cars have increased during the "severe lack of cores", their sales are in a state of contraction due to the limited production capacity of new cars, so that used cars will usher in a volume and price increase in 2021. According to the data, as of November 2021, the cumulative turnover of used cars nationwide was 15.9669 million units, an increase of 26.38% year-on-year, far exceeding the growth rate of new cars, of which the largest trading volume of sedan models was 9.6211 million units, an increase of 27.46% year-on-year; SUV models grew the fastest, with a year-on-year increase of 48.18% to 1.7762 million units.

Looking forward to 2022, the circulation association has given a high expectation: it is expected that the national second-hand car trading volume will exceed 20 million. The circulation association also said that chained and branded second-hand car dealers are more able to resist the risk of market changes, which has become a trend in the development of the second-hand car industry.

Xiaoxiang Morning News reporter Mao Chuan

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