Related favorable policies to land on the second -hand car market are expected to accelerate recovery

The second -hand car market is expected to accelerate the recovery

Shortly after the release of the Central Committee of the Communist Party of China and the State Council on Accelerating the Construction of the National Unified Market ", the State Council also issued the" Police Policies and Measures for the Economy "(hereinafter referred to as the" Measures "), and once again proposed a comprehensive cancellation of second -hand car restrictions, as well as Improve the regulation of registered registration, filing and vehicle transaction registration management regulations for the second -hand car market.

This injected warm currents into the sluggish used car market. The China Automotive Circulation Association said that with the implementation of related favorable policies, it is expected that the replacement volume will be significantly increased in June. At the same time, second -hand car sources, circulation costs, and circulation efficiency will be improved, second -hand car prices will be more affordable, driving market demand growth, which will help the inventory of second -hand car dealers to digest as soon as possible.

The market is in a downturn

In April, the transaction volume and transaction price of the second -hand car market fell doubled year -on -year. The trading volume of the used car market across the country was 1.06 million units, a decrease of 16.51%month -on -month, and a month -on -year decrease of 26.10%. At the same time, the average price of second -hand car transactions continued to decline. Since the average nationwide used car price reached a peak of 71,800 yuan in December last year, it fell to 68,300 yuan in April this year.

Luo Lei, deputy secretary -general of the China Automobile Circulation Association, believes that the decline in purchasing power caused by epidemic sentiment, shrinking market demand, weakening expectations, and rising oil prices are the causes of the downturn in the second -hand car market.

In May, from the perspective of the average daily transaction scale, it was generally better than that in April, but there was still a gap compared with the same period last year. The Orthopedic Motor Express released by the Information Department of the Circulation Association showed that the average transaction volume of 53,900 units on the fourth week of May, an increase of 5.48%over the last week, and a decrease of 10.75%year -on -year. It is expected that the overall transaction scale of the used car market in May will be 1.13 million to 1.15 million units, an increase of 3%month -on -month and a year -on -year decrease of 21%.

The latest issue of the Circulation Association also showed that in May, the "China Second -hand Car Manager Index" (UCMI) was 37.7%. It was below the Rongku Line, and the used car market was still in a downturn.

According to Lang Xuehong, Deputy Secretary -General of the China Automobile Distribution Association, half of the second -hand car managers will report that the market demand has decreased in May. There are no significant changes on the second -hand car online, and the number of offline customers has decreased to a certain extent. The cause of this situation is that on the one hand, the prevention and control of the epidemic is reduced, and on the other hand, the used cars traded on the market are still mainly fuel cars, and the continuous rise in oil prices has discouraged some consumers.

Generally speaking, the second -hand car market in May performed well in May. The decrease in consumer store entry rate is still the main reason that affects the sales of second -hand car. Consumers of second -hand cars are purchased for new cars. The inventory in saturated state is not released, resulting in extension of the inventory weekly transfer time. It is difficult for car dealers to gather funds occupied by occupied and increase operating risks.

The second -hand car industry is unsatisfactory. At the level of car dealers, it is difficult to survive. Several car dealers told reporters that the business pressure of second -hand car business is very high, and some cars are afraid to collect them and inventory is not easy to sell.

Open the blocking point to promote circulation

Despite the past two months, the used car industry has been in trouble. However, in the past ten years, in addition to the slight decline in the epidemic in 2020, the transaction volume of used cars has been growing for many years, and the growth rate is much higher than the new car. In 2021, the trading volume of second -hand cars was 17.5851 million units, a year -on -year growth rate of 22.7%, the highest in the past ten years. my country's new and old car sales ratio has reached 1.49: 1, and it is quickly catching up with the sales ratio of mature countries.

However, behind the continuous high growth, the blocking point formed by the used car industry over the years still exists. For example, a large number of used cars will be exported from first -tier cities to second -tier to six -tier cities and even county areas, but the restriction policy hinders the circulation of second -hand cars. Consumers in foreign countries want to buy cars, but local owners want to sell cars but they can't sell good prices.

The second -hand car industry also faces the establishment of the product attributes. In some areas, it restricts the operating venues of second -hand car companies, and the number of second -hand car business approval procedures for automobile distribution companies will be cumbersome.

Many blocks in the field of second -hand car circulation have become pain points that hinder the full release of car consumption potential. Because of this, after the release of the "Measures", the deputy secretary -general of the China Automobile Distribution Association, Wang, said excitedly: "The association has worked hard for more than 10 years to break the overall driving effect of the second -hand car market. It is the major benefit of the industry to regain confidence. "He believes that the policy emphasizes the promotion of the commercialization and large -scale circulation of used cars, which will greatly simplify the registration procedures for used cars and completely open up the traffic jamming point of used cars.

According to statistics from the Circulation Association, the number of vehicles in the country's five emission standards exceeds 60 million, accounting for more than 20%of the existing preservation. The circulation of second -hand cars has hindered the ice breaking one after another, which greatly enhances the expectations and confidence of enterprises in the industry.

"The second -hand car industry has a strong source of vehicle sources. As a gathering place for high -quality vehicle sources in first -tier and second -tier cities, it was previously subject to the restriction policy. The high -quality vehicle source was blocked by low -line circulation, which suppressed the release of car purchase demand." Senior Vice President Wang Xiaoyu told reporters that the breakthrough of second -hand car circulation areas will allow consumers in low -line cities to buy high -quality vehicle sources in high -level cities, fully release car consumption potential, and drive automobile consumption upgrades. At the same time, the smooth sales of second -hand cars in first -tier and second -tier cities have released consumer demand for buying new cars and used cars, driving the steady growth of car consumption services such as automobile manufacturing and new cars, and revitalizing the entire domestic automobile consumer market. Measures to the ground to help push back to heating

After a package of measures and supporting policies for stabilizing economic operations, it has actively acted in various places. In early June, Hebei Province issued a notice that it was necessary to "comprehensively cancel the restrictions on the relocation of small non -operating used cars in the national five -emission standard, and improve the registration, filing and vehicle transaction registration management regulations for the second -hand car market entity." Sichuan Province also issued a notice that it should "cancel the restrictions on the migration of small non -operating used cars in the province's five -emission standards in the province."

The investigation of the Circulation Association learned that the Yangtze River Delta and the Pearl River Delta are about to let go of the national five limits, and Tianjin and Hebei Province have been implemented.

"In the second half of this year, it will be the best time to remove the restrictions nationwide. If the national five -hand car realizes the national circulation, the preservation rate of the national five cars will be expected to increase by 5%." Pan, chairman of Guangdong Junwei Long Automobile Trading Co., Ltd. Guoguang Analysis said.

The "measure" clearly clearly simplifies the process of second -hand car operation and transactions. Taking melon seed used cars as an example, with the cancellation of the restriction policy, the average delivery time of the platform has been shortened by 8 days compared to the previous, and it can be delivered at the fastest place within 24 hours.

Wang Xiaoyu believes that the used car industry is expected to accelerate recovery in the second half of the year, and consumer demand will usher in a concentrated release of traditional sales during the traditional sales of September to December.

"It is expected that the transaction volume of used cars in 2022 is expected to jump to 20 million vehicles. By 2025, the proportion of new and old car transactions may reach 1: 1." Lang Xuehong had previously On behalf of the association, the industry forecast.

Although the future is expected to be stimulated, the current pressure of second -hand car dealers is still large, and the rate of return of funds is slow. Investigation of the Circulation Association shows that the overall inventory cycle of used car dealers in May was 47 days. People in the industry suggest that car dealers should still maintain cautious business strategies. In June, there will be some delayed consumption demand transformation in the early stage and the continuous improvement of the national epidemic prevention situation. It is expected that there will be a wave of rebounds in more places. Essence

(Editor in charge: Chang Shuai Shuai)

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