·China Gas Circulation Association: The used car market will usher in a period of rapid development
It was learned from the annual meeting of the China Automobile Dealers Association that with the introduction of several used car related policies at the end of the year, the used car market will usher in a period of rapid development. According to forecasts, the annual transaction volume of the domestic used car market will exceed 36 million in the next decade, a six-fold increase over 2013.
Shen Rong, deputy secretary general of China Automobile Dealers Association, said that with the support of various favorable policies, the total transaction size of the used car market will further increase. In the next ten years, the annual transaction scale of used cars will reach 36.4 million, new and used. The mature auto market logo with a car trading volume of 1:1 will appear throughout the country. "The development of the used car market has more room for imagination. Once a certain amount of savings is formed, the activity of the used car market should exceed the new car and become a driving force in China's auto market." Shen Rong said.
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