HEADLINE Transactions of used automobile reach 12.4 million in 2017

HEADLINE

Transactions of used automobile reach 12.4 million in 2017

People's Daily app

10:07, March 11, 2018

In 2017, transactions of used automobile increase by 19.3% year on year to 12.4 million and total value reached over RMB 800 billion.

The reform of automobile circulation system was pushed ahead. The Ministry of Commerce promulgated the Regulatory Measures for Automobile Sales, and broke the unitary system of brand-licensed sales. 

With the abolition of registration limitation on used automobile, most provincial governments issued directives to remove the restrictions. 

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(File photo)

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