Overview of the development of used car market

1, car ownership continues to increase, and the used car market is rising.

The number of cars in China has accumulated to a huge base, which has laid a solid foundation for the development of the used car market. According to the data of the annual bulletin issued by the National Bureau of Statistics, at the end of 20 19, the number of cars in China was 254 million (2610.5 million for civilian vehicles minus 7.62 million for three-wheeled vehicles and low-speed trucks), which is a very large base, with the number of cars only 20 million less than that of the United States and the number of used cars 25 million less. Of course, influenced by many factors, it is difficult for China to reach the level of developed countries in a short time, but it just shows that the growth potential of the used car market in China is huge.

2. The used car ecosystem has gradually formed. We have observed that in order to meet the market demand, some enterprises that distribute around vehicle sources have begun to appear and achieved rapid development. Their mode of operation is centralized acquisition from leasing companies, finance companies and travel companies, and then distributed to many used car dealers who have close cooperation with them, so as to obtain economic benefits through services and supply chain finance. In addition, in order to solve the problem that a large number of used car sources are scattered in the hands of individual consumers, and the cost of obtaining these scattered car sources is high, some enterprises have launched C2B business through e-commerce service mode, which has also developed rapidly. Of course, the traditional B2B e-commerce platform is also strengthening the existing business and becoming an integrator of used car sources. The industrial chain of used cars is gradually forming the industrial chain of professional buyers, auction wholesalers and retailers.

3. As mentioned above, the 20 19 used car market started to develop in September, and the turnover increased continuously by more than 7%. If this situation continues, it is expected to regain its vitality in 2020. However, due to the Spring Festival holiday in June 5438 +2020 10, the effective working hours will be shortened, which will affect the second-hand car transaction. The more serious factor is the sudden epidemic, which stopped the used car market and concentrated on fighting the epidemic in February. Most enterprises have not returned to normal work, and the transaction data will be ugly. Even if the epidemic is controlled in March, the order of the used car market will gradually recover. In this sense, in the first quarter of 2020, the second-hand car trading volume is likely to show a large negative growth, which is expected to drop by about 40%. However, after the market picks up, there will be a process of compensatory growth in the second half of the year, and there should be no big suspense in the overall growth of the whole year. In the absence of sudden epidemic factors, the operation chart of the used car market has shown the characteristics of speeding up.

4. The export of used cars will go through a process from exploration to practice.

20 19 In April, the Ministry of Commerce, the Ministry of Public Security and the General Administration of Customs jointly issued the Notice on Supporting the Export of Used Cars in Areas with Mature Conditions, and the first batch of provinces and cities such as Beijing, Tianjin and Shanghai started the pilot export of used cars. On July 8th, the e-commerce platform Xinyou Group's first domestic second-hand car export order was sent to Poland, which kicked off the second-hand car export. About 40 pilot enterprises across the country have organized vehicles to be sent to countries along the Belt and Road. Although the export volume in 20 19 is small, it has far-reaching significance.

5. The industry continues to strengthen the transparency of second-hand car transactions.

Friends in the industry may have noticed that every car brand, every e-commerce platform or second-hand car dealer who wants to be a brand, as well as third-party appraisal and evaluation agencies, are promoting how many tests they have. Many institutions take testing items as their selling point. What's even more outrageous is that the most testing and evaluating institution has tested 1058, which has become a joke in the industry. To this end, china automobile dealers association coordinated professors from industry colleges, industry experts, third-party testing institutions and e-commerce platforms to form a working group on used car appraisal and evaluation standards. Based on the national standard "Specification for Appraisal and Evaluation of Used Cars", a standardized inspection and evaluation report that meets the market demand and is common in all industries is developed for the use of the whole industry, forming the "Putonghua" of the used car market. At the same time, "OK" certification, the quality inspection of used cars promoted in china automobile dealers association, is also being promoted in the whole map, with the purpose of transparent trading and providing a safe environment for consumers to buy and sell used cars.

6. The policy environment for used cars is expected to improve.

Although the reform of value-added tax on used cars is progressing slowly, it is not without hope. As we all know, the legislation of value-added tax is in progress, and used cars have been managed as assets at present, but they are not included in the commodity sequence. The second part, talking about the establishment of temporary registration system for used cars, also mentioned that the export registration of used cars has been tried out, which is expected to be popularized and implemented in the registration of used cars. According to the idea of second-hand export registration, if the second-hand cars entering the circulation link are registered as commodities, they naturally have commodity attributes. With the progress of value-added tax legislation, the value-added tax reform of second-hand cars will be included in the tax sequence of ordinary commodities. Of course, this also requires the joint efforts of the whole industry. In short, the "three mountains" that have plagued the industry for many years in 2020 are expected to turn around and the policy environment of the used car market will be improved.

7. New energy used cars are also highly concerned by the society.

According to the data of china automobile dealers association in October/September/February, the three-year average value of new energy vehicles is around 35%, while the value of ordinary vehicles is generally above 60%, and Toyota and Honda even exceed 70%. Then there is how to detect and evaluate new energy vehicles. Because there is no standard to follow, enterprises engaged in new energy used cars can only accept cars blindfolded and sell them. Therefore, the problem of new energy used cars has also caused great obstacles to the consumption of new energy vehicles. In order to solve the problems existing in the circulation of new energy used cars, china automobile dealers association organized experts from scientific research institutions, new energy R&D, production, sales, used cars, upstream and downstream enterprises in the industrial chain and other related personnel, which lasted for more than a year, and organized and formulated the group standard "Technical Specification for Appraisal and Evaluation of Electric Passenger Cars" to guide the second-hand car business of first-line enterprises. The specification specifies the quality inspection method and valuation model of new energy used cars from the body, battery, motor, electronic control and other parts, and it is expected to be released and implemented in the first half of 2020.