China Used Car Market Report 2014-2017- Industry Size, Share, Trends, Growth Analysis Forecast

sales volume of used cars in China is estimated to register a CAGR of 16.5% during 2014-2017, with transaction volume reaching 9.57 million in 2017.

With the increase of car ownership, China’s used car market has been on a fast track of development. In 2013, 5.20 million used cars were traded in China, up 8.6% YoY and 1.9 times as that in 2008, generating a turnover of RMB291.6 billion, a year-on-year increase of 10.6% and 2.5 times as much as that in 2008. Based on the calculation that consumers change their cars every 5-6 years, China will step into the car-replacement peak in 2014, and the used car market will usher in accelerated growth. 

Visit Complete Report: http://www.marketresearchstore.com/report/china-used-car-market-report-20142017-701