Weekly Report on Used Car Market（August26）
The China Association of Automobile Dealers has released a weekly report on used cars (August 19-25, 2024). From August 19-25, 2024, the daily average transaction volume was 59200 vehicles, and the transaction scale remained basically the same as last week, still hovering at a low level. According to comparable calculations, from August 1st to 25th, the transaction volume of second-hand cars was 1.3 million, a decrease of 2% compared to the same period in July. The combined effects of extreme weather changes, fluctuations in consumer confidence, and market off-season effects have affected the overall trend of the market. It is expected that the trading volume in August will reach around 1.57 million vehicles, which is basically the same as the same period last year.
