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China's used car sales hit a record 20.1 million in 2025, driven by policy and demand, with EVs growing fast despite trust issues.
China's used car market hit a record 20.1 million transactions in 2025, driven by trade-in policies and nationwide circulation reforms, with total value reaching $185 billion.
Younger buyers are favoring used cars for affordability, mostly in the 50,000 to 100,000 yuan range.
The used electric vehicle segment grew 43.3% year-on-year, but faces hurdles including inconsistent battery assessments, data access restrictions, and high transaction costs.
Experts urge a national information platform for transparent vehicle history and battery data, standardized testing, and updated appraisal methods to build trust and support market growth.
Las ventas de automóviles usados de China alcanzaron un récord de 20,1 millones en 2025, impulsadas por la política y la demanda, con los vehículos eléctricos creciendo rápidamente a pesar de los problemas de confianza.