China's used vehicle sales increased 14.68% YoY in April, reaching 1.68 million units.
China's used vehicle sales surged 14.68% year-on-year in April, reaching 1.68 million units, according to the China Automobile Dealers Association. This growth is attributed to rising consumer demand, business promotions and policy support for trade-ins of consumer goods. In the first four months of the year, 6.28 million used vehicles were sold, a 9.42% increase. The association expects continued growth in May, driven by trade-in promotion policies, local events, and auto shows.
May 19, 2024
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