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flag China's second-hand car sales surged in 2024, fueled by subsidies and reaching nearly 20 million units.

flag In 2024, China's second-hand vehicle market saw a 6.52% increase in transactions, totaling over 19.61 million units, with a transaction value of about 180 billion USD. flag December sales surged 14.4% year-on-year and 6.42% month-on-month, reaching 1.9 million units. flag The growth is partly attributed to the old-for-new subsidy policy, which also boosted new vehicle sales and production, especially for passenger vehicles.

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