China Automobile Dealers Association: A brief analysis of the used car market in December 2021 and the whole year

In 2021 , the automobile market is facing a complex and severe situation due to the combined impact of multiple international and domestic factors such as repeated epidemics, frequent extreme weather and natural disasters, lower consumer expectations, and a surge in global supply chain risks. However, the used car market has become a new highlight of the automobile market in the face of many challenges and pressures. According to data from the China Automobile Dealers Association, from January to December 2021 , a total of 17.5851 million used cars were traded , a year-on-year increase of 22.62% , and the transaction amount was 1,131.692 billion yuan, a year-on-year increase of 27.32% .

From the perspective of second-hand car consumption patterns, the demand for car purchases increases near the end of the year, and December is generally the peak of second-hand car transactions throughout the year. In December 2021 , a total of 1.6182 million second-hand cars were traded nationwide , with a month-on-month increase of 4.83% and a year-on-year decrease of 5.25% , with a transaction amount of 116.186 billion yuan. This month, mainly due to the continued impact of sporadic epidemics, the overall market passenger flow has decreased compared with the same period. Some regions have advocated policies such as celebrating the New Year locally and the increase in severe weather, resulting in poor cross-regional circulation.

Passenger car situation: A total of 970,000 basic passenger cars were traded , a month-on-month increase of 4.64% and a year-on-year decrease of 6.59% ; a total of 200,000 SUVs were traded , a month -on-month increase of 8.61% and a year-on-year increase of 16.33% ; a total of 88,400 MPVs were traded, a month-on-month increase of 2.81% and a year-on-year decrease of 10.25% ; a total of 36,800 crossover passenger cars were traded , a month-on-month increase of 3.04% and a year-on-year decrease of 2.67% .

Commercial vehicle situation: 115,900 passenger cars , a month-on-month increase of 3.79% and a year-on-year decrease of 15.63% ; 126,000 trucks , a month-on-month increase of 3.99% and a year-on-year decrease of 16.51% .

From the monthly trading trend this year, the overall trend is a fluctuating upward trend. Since the fourth quarter, affected by the sporadic epidemic and the high base of the same period last year, there has been a continuous negative growth year-on-year. December is still the peak of the year, but the monthly year-on-year growth is a trend of continuous narrowing.

In December 2021 , the transaction volume in the six major regions of the country increased to varying degrees month-on-month. Among them, the growth in North China was the most obvious, with a month-on-month increase of 9.63 percentage points, and the second-hand car transaction volume was 206,100 vehicles; followed by the Northeast region , which increased by 8.08% month-on-month, with a total transaction volume of 96,200 vehicles; the Southwest region increased by 7.39% month-on-month , with a total transaction volume of 241,900 vehicles; the three regions of Central and South, East China and Northwest China had smaller increases, with month-on-month increases of 3.77% , 2.64% and 2.33% respectively, with transactions of 486,300 vehicles, 524,300 vehicles and 63,500 vehicles respectively.