BUSINESS Shanghai boasts most high-end cars in China: report

BUSINESS

Shanghai boasts most high-end cars in China: report

Ecns.cn

17:07, January 02, 2019

Chinese online used car auction site ttpai.cn has found that Shanghai has the most high-end cars among Chinese cities, followed by Beijing, Hangzhou, Ningbo and Tianjin.

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Photos: VCG

A platform report states people born in the 1980s are now the dominant market buyers and sellers in China, accounting for 52.7 percent of total car owners, and those born in the 1990s accounted for 16.7 percent.

The younger generation seems to value time and efficiency in car dealing, preferring to complete deals on the Internet.

There has also been a rapid rise in cross-regional car dealing as more cities abolish restrictions on car ownership transfers, giving buyers more choices, said the report. 

Another clear trend is more women becoming car owners. The site's female car buyers increased from 27.4 percent in 2017 to 37.3 percent of the total last year.

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