The Ministry of Commerce (MOFCOM) emphasizes that fostering the growth of the used car market aligns with global practices, positioning vehicles as a pivotal durable consumer good. In February 2024, MOFCOM collaborated with relevant authorities to establish comprehensive standards and procedures for used car exports, initiating this business on a national scale. Looking ahead, the Ministry vows to further intensify its guidance efforts, fostering a healthy and orderly environment for the development of used car exports.