Published: Mar 21, 2024 17:20 (GMT+8)
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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[ECL Sells 413.5 Tonnes of Scrap, Generates INR 2.21 Crore]
7 mins ago
[ECL Sells 413.5 Tonnes of Scrap, Generates INR 2.21 Crore]
Read More
[ECL Sells 413.5 Tonnes of Scrap, Generates INR 2.21 Crore]
[ECL Sells 413.5 Tonnes of Scrap, Generates INR 2.21 Crore]
Eastern Coalfields Limited (ECL), a subsidiary of Coal India, disposed of 413.5 tonnes of scrap against 850 tonnes identified for disposal during October 2–16 under Special Campaign 6. Iron scrap disposal on October 14 generated INR 2.21 crore. The initiative supports resource recovery and scrap recycling, although no direct impact on steel market prices or supply was reported.
7 mins ago
[India's Coal Ministry Proposes Stricter Mining Compliance Rules]
1 hour ago
[India's Coal Ministry Proposes Stricter Mining Compliance Rules]
Read More
[India's Coal Ministry Proposes Stricter Mining Compliance Rules]
[India's Coal Ministry Proposes Stricter Mining Compliance Rules]
India’s Coal Ministry has proposed amendments allowing suspension of coal and lignite mining operations for violations of approved mining plans. The draft rules provide for a 15-day show-cause notice in cases of continued non-compliance and require annual board-level compliance declarations. Authorities may suspend mining operations fully or partially if the response is unsatisfactory. The proposed measures could have implications for the coal supply chain linked to the steel industry, although their direct impact on coking coal availability and steel production remains uncertain.
1 hour ago
[ Knauf Interfer Inaugurates Delta Stahl Capacity Expansion ]
3 hours ago
[ Knauf Interfer Inaugurates Delta Stahl Capacity Expansion ]
Read More
[ Knauf Interfer Inaugurates Delta Stahl Capacity Expansion ]
[ Knauf Interfer Inaugurates Delta Stahl Capacity Expansion ]
German steel distributor Knauf Interfer inaugurated a major expansion of its Delta Stahl service centre in Barsinghausen on October 14, 2026. The capital upgrade includes a brand-new, high-speed cut-to-length line designed to optimize the processing of heavyweight flat-rolled coils. The enhanced downstream capacity allows the distributor to capture higher margins by fulfilling specialized, just-in-time structural steel orders for Northern Europe's demanding manufacturing tier. [SMM Iron Ore]
3 hours ago