China Used Car Market Trading Volume to Exceed 10 Million Vehicles by 2017

PUNE, India, September 21, 2015 /PRNewswire/ --

In H1 2015, China used car market growth in terms of trading volume and amount rose 15.1% and 8.3%, respectively, on a year-on-year basis. Estimated at an average vehicle replacement cycle of 5-6 years, the used car market in China is expected to usher in accelerated growth in the next few years, with trading volume to exceed 10 million vehicles by 2017.

Complete report on used care market in China spread across 84 pages, talking about 4 major used car dealers, players in auction websites, consignment websites and information service websites and supported with 88 charts is now available at http://www.reportsnreports.com/reports/422201-china-used-car-market-report-2015-2018.html .

Based on segments, China used car market data shows that sedan is becoming the center subject of the market. In 2014, the volume of used sedan trading in China was 3.51 million vehicles, accounting for 58% of the total; the amount of used sedan trading came to RMB227.9 billion, representing the largest proportion (62%) of the total. SUV segment of used car market in China is also growing at fast pace. In 2014, the volume of used SUV trading in China attained 200,000 vehicles, up 25% from a year ago. The growth rate will be around 38% during 2015-2018 to make SUV the fastest-growing used car market segment. With respect to trading channels, China is intensifying the market layout of used car trading market, used car dealers, used car online trading platform, etc. Among them, used car e-commerce market has grown obviously fast, with trading volume and amount approximating 350,000 vehicles and RMB19.26 billion in 2014, a respective year-on-year surge of 58.4% and 60.3%.

According to website features, Chinese used car market of e-commerce can be divided into three categories: service information-oriented, represented by http://www.273.cn and iautos.cn; TOB auction websites e.g. http://www.cheyipai.com, http://www.youxinpai.com, http://www.kx.cn, pahaoche.com, etc.; TOC consignment websites e.g. souche.com http://www.guazi.com, renrenche.com, etc. In 2014, http://www.cheyipai.com and http://www.youxinpai.com with used car market trading volume accounted for 71.4% of the entire used car market in e-commerce and became the largest used car e-commerce platforms in China.

Dealer profiles and other player mentions of China used car market covered in this research include China Grand Automotive Services Co., Ltd., Sinomach Automobile Co. Ltd., Pangda Automobile Trade Co., Ltd., Shengda Used Car Supermarket, Anji Used Car of SAIC, youxinpai.com, cheyipai.com, kx.cn, pahaoche.com, souche.com, guazi.com, zhuo.com, renrenche.com, youche.com, iautos.cn, che168.com, 273.cn and 51auto.com. Order a copy of China Used Car Market Report, 2015-2018 at http://www.reportsnreports.com/Purchase.aspx?name=422201 .

Analysts forecast used car market in the US to grow at 6.95% CAGR, in terms of revenue, during the period 2014-2019. The market is expected to witness a growth in the volume of off-lease vehicles as a large number of these vehicles will be back in the market. To calculate the market size, the Used Car Market in the US 2015-2019 research report considers the average price of used cars in the US. The report considers the market size in terms of both revenue and units, but only for passenger vehicles. It discusses the major drivers that influence the growth of the market and outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market. Vendors like    AutoNation, CarMax, Penske Automotive Group, Sonic Automotive,  Asbury Automotive Group, Auction Direct USA, AutoTrader.com, Cars Direct, Cars.com, Carsforsale.com, OOYYO and Vast.com are mentioned in this 69 pages research report on United States used car market report for 2015-2019 available at http://www.reportsnreports.com/reports/396053-used-car-market-in-the-us-2015-2019.html .

The third research titled Used Car Dealers World Report provides information on market consumption / products / services for over 200 countries by 6 to 10-digit NAICS product codes by 3 time series: from 1997- 2015 and forecasts 2016- 2023 & 2023-2028. Data Includes Market Consumption by Individual Product / Service, Per-Capita Consumption, Marketing Costs & Margins, Product Launch Data, Buyers, End Users & Customer Profile, Consumer Demographics. Historic Balance Sheets, Forecast Financial Data, Industry Profile, National Data. 59 Market Research Chapters and other Spreadsheet Chapters covering Market Consumption - in US$ by Country by Product/Service by Year are presented in this report. Market, Financial, Competitive, Market Segmentation, Industry, Critical Parameters, Marketing Costs, Markets, Decision Makers, Performance, Product Launch information is also covered. Information for all NAICS products is covered for over 200 countries in this used car dealers report spread across 2154 pages having 10062 spreadsheets, 9779 database tables as well as 511 diagrams & maps. Read more at http://www.reportsnreports.com/reports/371003-used-car-dealers-world-report.html .

Explore more reports on the automotive market at http://www.reportsnreports.com/market-research/automotive/ .

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