What is the current China Used Car Market size?

The China Used Car Market is projected to register a CAGR of 12.68% during the forecast period (2024-2029) Read More

Who are the key players in China Used Car Market?

Guazi , Uxin Group, Souche , Renreche and CAR Inc are the major companies operating in the China Used Car Market. Read More

What years does this China Used Car Market cover?

The report covers the China Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

China Used Car Market - Size, Share & Industry Analysis

China Used Car Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The China Second Hand Car Market is segmented by Vehicle Type (Hatchback, Sedan, Sport Utility Vehicle (SUV), and Multi-purpose Vehicle (MPV)), by Booking Channel (Online, OEM Certified/Authorized Dealerships, and Multi-Brand Dealerships), and by Transaction Type (Full Payment and Finance). The market size and forecasts for used cars in terms of value (USD billion) for all the above segments.

China Used Car Industry Overview

The Chinese Used Car Market is fragmented and is occupied by online players and company-operated used car dealers. The major players include Guazi, Uxin Group, Renreche, Souche, CAR Inc, and others. Online dealers of used cars compete on a variety of factors, including the number of cities they serve, the number of value-added services they offer, the number of quality checks they conduct before selling automobiles, and the inventory of vehicles. They offer a variety of services, including vehicle inspections, consulting, financing, and insurance for vehicles, as well as door-to-door delivery and after-sale services.

While Uxin Group has more than 200 offline outlets to offer its customers after-sale services, Guazi offers its services in more than 200 cities across China. In China, Renrenche is present in more than 80 cities. The Chinese used car industry is dominated by several of business models, including C2C, B2C, C2B, B2B, and C2B2C.