On July 14, the Aftermarket Branch of the China Association of Automobile Manufacturers (CAAM) released a clarifying statement concerning recent media articles. These articles had drawn on partial data from the CAAM's 2025 China Automotive Aftermarket Annual Development Report and made statements like "the average age of new energy vehicles is merely 1.8 years" and "consumers tend to switch their electric vehicles every 3-5 years." The Aftermarket Branch's statement aimed to rectify the misunderstandings these reports had generated in the market. It underscored the necessity of distinguishing between three fundamental concepts: the 'average age of in-use vehicles,' the 'vehicle replacement cycle,' and the 'average vehicle lifespan.' To elaborate, the 'average age of in-use vehicles' denotes the mean duration elapsed since the initial sale of new vehicles within China's existing new energy vehicle fleet as of the end of 2025. This metric does not reflect their average lifespan. The 'vehicle replacement cycle,' on the other hand, signifies the typical timeframe between a vehicle owner's acquisition of a vehicle and their subsequent voluntary replacement. Lastly, the 'average vehicle lifespan' represents the average duration a vehicle is utilized from its sale until it is scrapped. The Aftermarket Branch highlighted that these three concepts involve distinct statistical scopes and targets.
