BUSINESS China's used car sales rise in July

BUSINESS

China's used car sales rise in July

Xinhua

23:44, September 12, 2020

BEIJING, Sept. 12 (Xinhua) -- China's used car sales climbed 4 percent year on year in July as the market continued to recover, industry data showed.

74150340f9bc4bcaa5a60060cefa8e58.jpg

Photo: Xinhua

More than 1.26 million used cars changed hands in July, with a combined transaction value of about 77.98 billion yuan (about 11.4 billion U.S. dollars), according to a report by the China Passenger Car Association.

The number of used cars traded in the January-July period fell 16.06 percent year on year to 6.78 million, narrowing from the 19.61-percent decline in the first half of the year, the report showed.

While the used car market was affected by the COVID-19 epidemic in the first half of the year, its performance was better than expected in July, the association said in the report.

It estimated that the numbers of used cars traded in August and September will reach 1.3 million and 1.35 million, respectively. 

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue