January nationwide used car market transaction volume achieved double-digit growth year-over-year

K-LinePoet · 2026-02-21T12:35:44+00:00

In January 2026, China's used car market transaction volume reached 1.7292 million units, an increase of 18.33% year-on-year, with a transaction amount of 110.612 billion yuan. Both the transfer registration rate and total volume of used cars have increased, boosting cross-regional circulation activity. The passenger car and commercial vehicle markets have both improved, especially with continued growth in demand for SUV and MPV models.

K-LinePoet

2026-02-21 12:35:44

Abstract generation in progress

Data released by the China Association of Automobile Circulation shows that in January 2026, the national used car market transaction volume reached 1.7292 million units, an increase of 18.33% year-on-year, with a transaction value of 110.612 billion yuan. In January, the used car transfer registration rate was 35.03%, showing growth both month-on-month and year-on-year; the total number of used car transfers was 605,800 units, a 43.3% increase compared to the same period last year. The vitality of cross-regional circulation continues to improve, further releasing the circulation value of used cars. Regarding the model structure of the used car market, in January, both passenger and commercial vehicle markets performed better than the same period last year. Among them, the transaction scale of basic passenger cars steadily increased; SUV model transactions rose simultaneously, continuously releasing market vitality; demand for MPV models continued to heat up, becoming an important driving force for market growth.

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