China Used Car Market Report, 2014-2017: Industry, Trend, Analysis, and Forecasts to 2017 Report Available at MarketResearchReports.Biz

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China Used Car Market Report, 2014-2017

(PRWEB) May 05, 2014

Sales volume of used cars in China is estimated to register a CAGR of 16.5% during 2014-2017, with transaction volume reaching 9.57 million in 2017.

With the increase of car ownership, China’s used car market has been on a fast track of development. In 2013, 5.20 million used cars were traded in China, up 8.6% YoY and 1.9 times as that in 2008, generating a turnover of RMB291.6 billion, a year-on-year increase of 10.6% and 2.5 times as much as that in 2008. Based on the calculation that consumers change their cars every 5-6 years, China will step into the car-replacement peak in 2014, and the used car market will usher in accelerated growth.

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In view of segments, used sedans hold the lion’s share, with transaction volume and turnover achieving 3.0475 million (or 59% of total volume) and turnover of RMB174.89 billion (or 60% of total amount) in 2013, respectively. Driven by the fast-growing SUV ownership, the used SUV market is booming, with transaction volume and turnover growing at high AAGRs of 28% and 35% in 2008-2013 to 166,800 and RMB26.96 billion in 2013, separately. It is expected that the used SUV market will freeze the high-growth status (around 30%) in both transaction volume and turnover over the next four years, thus becoming the fastest-growing segment among used cars.

With regard to regional distribution, China’s current second-hand car trading is mainly concentrated in East and South China, which, featuring developed economy, high car ownership, more mature automobile consumer awareness and higher acceptance of used cars, together account for over 50% of total transaction volume. It is expected that the development of China’s used car market over the next few years will still focus on the two regions; meanwhile, North, Northwest and Northeast China will also pick up the pace.

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This report contains 5 chapters and 65 charts, mainly covering the followings:
Overview of used car industry (involving macroeconomic environment and policy environment, as well as development of used car trading market, online used car trading and other trading patterns);
China’s used car market profile (including transaction volume, turnover, transaction price and transaction proportion in 2008-2013, as well as trading forecast for 2014-2017);
China’s used car market segments (including transaction volume, turnover and transaction price of sedan, SUV, truck and bus, as well as forecast for 2014-2017);
China’s used car market by region (involving regional structure of second-hand car trading, as well as used car development in Beijing, Shanghai and Guangzhou);

Table of Contents

1. Macro-Environment Analysis
1.1 China\'s Economic Slowdown
1.2 Slowing Fixed Asset Investment
1.3 Significant Import-Export Slowdown
1.4 Steady Growth in Social Consumption

2. Definition and Description of Used Car
2.1 Definition and Characteristics
2.1.1 Definition
2.1.2 Characteristics
2.1.3 Development History
2.2 Trading Pattern
2.2.1 Overview

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3. Development and Forecast of Used Car Trading Market
3.1 Transaction
3.1.1 Transaction Volume
3.1.2 Turnover
3.1.3 Transaction Price
3.2 Segments
3.2.1 Sedan
3.2.2 Bus
3.2.3 Truck
3.2.4 SUV

4. Regional Market
4.1 Regional Distribution
4.2 Major Cities
4.2.1 Beijing
4.2.2 Shanghai
4.2.3 Guangzhou

5. Major Used Car Dealers/Trading Markets/Websites in China
5.1 Used Car Dealer
5.1.1 China Grand Automotive Services Co., Ltd.
5.1.2 Sinomach Automobile Co. Ltd.
5.1.3 Pangda Automobile Trade Co., Ltd.
5.1.4 Anji Used Car of SAIC
5.1.5 Shengda Used Car Supermarket
5.2 Used Car Trading Market

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In 2013, the sales volume of automobiles in China reached 21.9841 million units, up 13.89% year on year compared with 2.72% in 2011 and 4.15% in 2012. Of all, the sales volume of passenger cars was 17.9289 million units, up 15.72% from a year earlier, and with its proportion in vehicle sales further raised to 81.55%.

In 2013, the trading volume of second-hand vehicle in China amounted to 5.2033 million units, up 8.6% year on year; the turnover of second-hand vehicle trading was RMB291.649 billion, rising 10.6% from a year earlier. Over the same period, the ratio of second-hand vehicle to new cars in sales volume was 0.24, and the sales volume of second-hand vehicle made up 19.1%, compared with 72.4% in the US, where the ratio of second-hand vehicle to new cars in sales volume stood at 2.6.

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(1) Revenue of car dealers mainly comes from the sales of new cars.

In 2013, the sales volume of new cars in China accounted for 80.9% of the total sales (including new cars and second-hand vehicle); the new car sales of dealers occupied more than 85% of their total revenue, while in America over the same period, the sales volume of new cars made up 27.6% of the total, and the new car sales of dealers accounted for 57.1% of the total revenue.

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(2) Dealers have a long way to go in expanding second-hand vehicles business.

In 2013, the dealers’ revenue from second-hand vehicles accounted for less than 3% of their total revenue, and this proportion in the U.S stood at 31.3% for the same period. Therefore, contribution of second-hand vehicles to gross profit of Chinese dealers was obviously inadequate, with gross profit of Chinese dealers from second-hand vehicles in 2013 accounting for 7%; and this figure in America during the same period came to as high as 26%.

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