According to data released by the China Automobile Dealers Association, the used car market experienced a significant rebound during the inaugural week of December. The average daily transaction volume reached 67,500 units, marking a 3.46% increase on a week-on-week basis. Both the transaction volume and the growth rate surpassed initial projections. This upswing was primarily fueled by an abundant supply of vehicles, a result of new car dealers' year-end "inventory clearance drive," coupled with a heightened willingness to purchase among consumers during the peak year-end shopping season. In the meantime, activity within the used new energy vehicle market continued to surge, representing 18.3% of all transactions in the current week—a 2.1 percentage point increase compared to the previous week. This trend underscores the market's accelerating shift towards new energy vehicles.
