The core data of this paper: the global second-hand car trading volume, the proportion of second-hand car types, and the proportion of second-hand car sales to new car sales.
The second-hand car trading in China is booming, but there is still a gap with the mature market.
According to the data released by china automobile dealers association, in the first half of 2002/KLOC-0, there were 8,434,200 used cars in China, up 52.89% year-on-year. Although there is still a certain gap compared with the sales of 1289 1 10,000 new cars, the growth rate of used cars is nearly 27 percentage points higher than that of new cars. Specifically, in the first half of 20021,the ratio of used car sales to new car sales in China has risen to 0.65: 1.
Even if the growth is so obvious, the second-hand car market in China still has room for development compared with the mature market. Globally, the current sales ratio of used cars to new cars in China market is 0.65, 2.3-3 times in the United States and 2.0-2.3 times in Germany. The data shows that there is still much room for improvement in the second-hand car trading market in China.
The gap between China's used car market and American market-low information transparency
As can be seen from the above data, although the transaction volume of used cars in China has shown a rapid upward trend in recent years, compared with mature markets, the development of China's used car market still lags behind the development of new car market, because there are three major problems in the used car industry: first, the information is opaque; second, the dealers are generally small, scattered and chaotic; The third is the fragmentation of vehicle sources.
For the second-hand car market in China, the biggest problem is that the credit information system is incomplete, that is, the information is opaque. Insiders pointed out that the fundamental reason why Chinese consumers are generally biased against used cars is that the information disclosure of used cars in China is imperfect and the credibility is low. The credibility of second-hand car dealers is low because in the news media reports, there are always deceived consumers who hide the accident or wear of vehicles because of the price when buying second-hand cars. These reasons make most consumers more willing to buy new cars.
Comparing and analyzing the mature foreign used car market, taking the United States as an example, from 1980s to now, the volume of used cars in the United States is 2.5-3 times that of new cars. In 2020, affected by the epidemic, the sales of new and used cars declined, but the proportion of sales of used cars and new cars remained within the normal range.
As can be seen from the data above, the sales of used cars in the United States far exceed the sales of new cars. It is found that this is because the United States has established a relatively complete system of evaluation, certification, replacement, auction, acquisition and sales of used cars, so the sales of used cars in the United States have reached 50 billion US dollars as early as the 1990s. The mature used car market is characterized by a sound system and mature and orderly development; Consumers can fully understand vehicle information, and there is almost no information asymmetry.
Referring to the characteristics of the mature market for used cars in the United States, enterprises and the government should devote themselves to promoting the industry-recognized testing standards, eliminating consumers' distrust of used cars, and making the used cars in China gradually develop in a healthy direction.