CADR: In-depth analysis of the national used car market in January 2024

In January 2024, the national second-hand car market transaction volume was 1.6884 million vehicles, a month-on-month increase of 1.65% and a year-on-year increase of 35.26%. A total of 989,100 basic passenger cars were traded, a year-on-year increase of 31.50% and a month-on-month increase of 1.50%; a total of 225,870 SUVs were traded, a year-on-year increase of 41.38% and a month-on-month increase of 3.31%; a total of 108,300 MPVs were traded, a year-on-year increase of 48.51% and a month-on-month increase of 0.80%; a total of 38,000 crossover passenger cars were traded, a year-on-year increase of 44.19% and a month-on-month increase of 6.11%.

Commercial vehicle situation: 96,400 passenger cars, a year-on-year increase of 27.87% and a month-on-month increase of 1.31%; 128,100 trucks, a year-on-year increase of 28.70% and a month-on-month increase of 0.22%.

In January 2024, in terms of the overall sales of cars of all levels, A-class cars are still the most popular models, accounting for 48.8%, a decrease of 0.3% month-on-month and a decrease of 1.3% year-on-year; followed by B-class cars accounting for 23.2%, a decrease of 0.1% month-on-month and a decrease of 0.8% year-on-year; C-class cars accounted for 8.2%, an increase of 0.1% month-on-month and a year-on-year increase of 1%. D-class cars accounted for 2.2%, a decrease of 0.1% month-on-month and a year-on-year increase of 0.3%. A0-class cars accounted for 13.1%, an increase of 0.2% month-on-month and a year-on-year increase of 0.1%. A00-class cars accounted for 4.4%, a decrease of 0.1% month-on-month and an increase of 0.7%.

In January, the market share of A0, B, and C-class models increased slightly compared with December 2023. Compared with the same period last year, the market share of small and micro models and C- and D-class luxury models increased slightly, while the share of A- and B-class models declined.