China Automobile Dealers Association (CADA) reports that from March 11

Published: Mar 21, 2024 17:20

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China Automobile Dealers Association (CADA) reports that from March 11th to 17th, 2024, the average daily trading volume of used cars was 65,500, which was basically the same as the previous week, an increase of 10.8% compared to the same period last year, indicating a steady growth in the volume of used car transactions. Calculated on a comparable basis, the trading volume of used cars from March 1st to 17th, 2024 was 850,000, double the same period last month. This was mainly due to the lower base caused by the Spring Festival holiday in February. From the perspective of business operations, research shows that 58% of used car dealers this week reported that customer flow was basically the same as the previous week, while 25% of dealers indicated an increase in customer flow. As for the actual transaction volume, 22% of dealers reported an increase in transaction volume. Therefore, it is expected that the trading volume in March will be around 1.7 million, an increase of 41% compared to the previous month and an 8.2% increase compared to the same period last year.

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