China's Trade-In Program Sees Sales Surge to 433.17 Billion Yuan in Q1, Boosted by Auto and Appliance Exchanges

Published: Apr 4, 2026 16:20

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According to information from the Ministry of Commerce, in the first three months of this year, the consumer goods trade-in program delivered remarkable results, with sales exceeding 433.17 billion yuan and benefiting a total of 60.933 million person-times. Specifically, automobile trade-ins contributed 228.69 billion yuan in sales, while sales of new purchases under the home appliance trade-in program, as well as digital and smart products, totaled 204.48 billion yuan.

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