China Automobile Dealers Association: China's used car manager index was 43.8% in December 2021

The survey shows that both online and offline customer traffic decreased in December. Among them , 34.3% of used car managers believe that online customer traffic has “ decreased ” , while 32.5% believe that offline customer traffic has “ decreased ” .

Second-hand car customer traffic in December

The survey shows that the volume of used car transactions decreased in December, with 44.4% believing that it “ decreased ” and 17.8% believing that it “ increased ” .

Second-hand car transaction volume in December

The survey shows that used car managers believe that the business conditions in December were not good, and the proportion of managers who believe that the business conditions are " bad " is 32.5% .

Second-hand car business status in December

Overall, the overall operating conditions of the used car market were not good in December . Nearly 40% of the used car managers surveyed believed that the capital turnover rate in December 2021 dropped by more than 10% , while 60% of the managers expected that the capital turnover in January 2022 would be basically the same as in December 2021 .

When talking about the expectations for next month, the used car manager said: With the Spring Festival approaching, employees of many companies may take holidays in advance, and the market may face a slack period of nearly half a month. Due to the impact of epidemic control, the flow of people will also decrease, and there is no high expectation for the transaction rate in January , and the market is still under great pressure.

Used car managers are cautious about their forecasts for the used car market in January 2022, with an expected index of 44.5 % , which is below the boom-bust line. The used car market is still in a recession.

Review of the keywords of the used car market in 2021

Prediction of used car market sales in 2022

The survey shows that 36.2% of used car managers believe that used car sales will increase by 10%-20% in 2022 ; 23.3% believe that it will increase by 0-10% ; 15.8% believe that it will increase by more than 20% ; but at the same time, 24.6% of used car managers judge that the used car market sales will be negative next year.

Based on the judgment of used car managers on the used car market in 2022 , it is estimated that the used car transaction volume in 2022 is expected to exceed 20 million.

Appendix: Survey Description of Used Car Manager Index

Against the backdrop of the rapid development of the used car industry, the China Automobile Dealers Association proposed to build the " Used Car Manager Index " at the end of 2015. A survey of used car managers began in January 2016 , and after half a year of testing and revision, it was first released on August 1 , 2016 .

The purpose of conducting a used car manager index survey is to collect used car market information, predict used car market trends, assist relevant departments and companies in making decisions, and thus promote the sustained and healthy development of my country's used car industry.

The Used Car Manager Index adopts the method of compiling an extended index, with 50% as the dividing point (prosperity and decline line) for the performance of the used car market. If it is higher than 50% , it means that the demand for the used car market is expanding and the prosperity is high; if it is lower than 50% , it means that the demand for the used car market is weak and the prosperity is low. The higher the Used Car Manager Index, the better the prosperity of the used car market in that month. The Used Car Manager Index covers the leading indicators, consistency indicators and lagging indicators of the used car market in terms of indicator setting and selection.

This month's used car manager index survey adopts a combination of face-to-face interviews, telephone surveys and online surveys. The survey subjects are mainly managers of used car business enterprises, and the samples cover managers of used car brokerage companies, managers of used car chain stores, managers of used car stores owned by automobile dealer groups, managers of used car e-commerce offline stores, and managers of used car departments of manufacturer-authorized 4S stores.