1. Weekly transaction trend of used cars in November Note: This week is calculated as 5 trading days. The average daily transaction volume in the second week of November was 53,900 vehicles, a decrease of 3.98% from the previous month, a narrower decline than last week, and a decrease of 12.64% compared with the second week of October. The market demand continued to decline, and the cost of purchasing vehicles increased. Car dealers did not have high expectations for transaction prices and transaction rates, and the overall market performance was weak. Affected by this round of epidemic, the used car market has been showing a clear downward trend for three consecutive weeks. The average daily transaction volume has returned to the off-season level. The transaction scale in Dalian, Chengdu and other places has declined significantly. However, overall, the number of declining regions and the decline rate have decreased, indicating that the market is slowly recovering from the impact of the epidemic. However, the epidemic control requirements in various regions are still very strict, and the cross-regional circulation of used cars is still not smooth. Since November, the impact of chips on the new car market has eased and supply has gradually improved. Near the end of the year, various companies have begun to launch preferential activities, which provides favorable vehicle source guarantees for subsequent second-hand car replacements. Market expectations for November: From the perspective of market demand, with the emergence of abnormal snowy weather, buying a car for commuting is a rigid demand, and consumer demand for vehicles continues to rise. In addition, the epidemic has been effectively controlled this week, with the number of new local cases per day dropping to single digits, and many places have adjusted their risk levels. People's travel will return to normal and the market may usher in a rebound. Therefore, it is expected that the market will return to the peak season level from late November to early December. II. Regional weekly analysis of the used car market in November Judging from the trading situation in various regions, the central, southern and northwestern regions showed an upward trend this week, while other regions all experienced declines to varying degrees. Specifically, East China has always been the region with the largest second-hand car transaction volume. This week, the average daily transaction volume dropped to 18,600 vehicles, a month-on-month decrease of 0.11%. The transaction volume was basically the same as last week, starting a steady recovery trend; Northeast China was most severely affected by the epidemic, with an average daily transaction volume of only 1,400 vehicles, a month-on-month decrease of 15.19%, and a double-digit decline for three consecutive weeks. At present, the markets in Dalian and Changchun are still hovering in the sluggish range. It is expected that it will take some time to adjust in the later period before returning to the original transaction scale; the average daily transaction volume in North China was 4,700 vehicles, a month-on-month decrease of 6.2%, of which Beijing and Tianjin both had a decrease of more than 5 points; Northwest China was the first region affected by the epidemic. Now that the epidemic has been effectively controlled, market demand has begun to pick up, with an average daily transaction volume of 1,800 vehicles, a month-on-month increase of 6.71%; the average daily transaction volume in Southwest China was 9,300 vehicles, still a decrease of 19.59%. The market in Chongqing has begun to recover and has shown significant growth. Chengdu, as the most active city in Southwest China, is still affected by the epidemic and passenger flow has dropped significantly; this week's transaction volume hovered at a low level. The average daily sales in the Central and Southern regions were 18,100 vehicles, a month-on-month increase of 0.87%, which has basically returned to the level before the epidemic. The markets in Changsha and Nanjing performed well this week. Car dealers can focus on these advantageous regions. On the whole, the used car market has always been active near the end of the year, but due to the impact of the epidemic, market demand and customer acquisition have declined since November, and the market performance has been weak. However, the decline has narrowed significantly this week, and the market is expected to usher in a rebound in the later period. Therefore, it is expected that the market will return to the peak season level from late November to early December. |
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