Overview
- February transactions reached 1.301 million vehicles, down 25% from January and down 6.5% year over year, with sales value at 88.4 billion yuan, down 6% year over year.
- Across January and February, totals rose to 3.03 million vehicles, up 6% from a year earlier, with 195 billion yuan in sales value, up 4.7%.
- Used new‑energy vehicles, which include battery‑electric and plug‑in hybrid models, recorded 107,000 transactions in February, down 32% from January but up 8% year over year, for an 11% share of used sales.
- For January–February, used new‑energy vehicle transactions climbed to 265,000, up 40% from a year earlier, showing more electric models moving into the resale market.
- Industry groups and local traffic offices eased paperwork to boost resale flows, a shift that helps buyers and dealers finish transfers faster and reflects a market that began later than in other countries but has room to grow.