China Automobile Dealers Association: The used car market will be characterized by “high and stable back” in the second half of December. Regional market liquidity is expected to increase further

The Zhitong Finance App learned that the China Automobile Dealers Association issued a weekly report on used cars (December 8, 2025 to December 14, 2025). Looking ahead to the second half of December, the used car market will show “high and stable back” characteristics. As dealers' inventory pressure eases, promotion intensity or steady contraction, the intensity of the price war is expected to weaken. Prices of new energy used cars may be moderately adjusted, but the overall value preservation rate system is stabilizing. In terms of regional markets, third- and fourth-tier cities will benefit from the return to their hometowns, and the transaction growth rate is likely to lead the country. The share of cross-regional circulation is expected to rise above 35%, and regional market liquidity will further increase.

According to the disclosure, the used car market continued to pick up from December 8 to 14, with an average daily transaction volume of 69,500 vehicles, up 3.05% from last week. After entering December, the cumulative increase was 6.5 percentage points for two consecutive weeks, up 4.4% from the same period in November, and the transaction scale and growth rate both exceeded industry expectations.

The recovery in the market is driven by two factors: on the one hand, the lackening market at the end of the year is significantly driven. As the end of the year approaches, the used car market enters the peak season of traditional trading, affected by the decline in vehicle residual value as vehicles age. In order to speed up inventory turnover, used car dealers launch various promotions, and consumers who focus on cost performance also take advantage of strong discounts and wide choice space to buy cars, forming a healthy interaction between supply and demand; on the other hand, the popularity of the new car market forms a linkage circulation effect, which indirectly drives the vitality of the used car market. One step Consumer demand was amplified at the end of the year, and it became an important help for the market to continue to improve.

Note: The trading volume is calculated over 5 business days

Used car weekly regional analysis

This week, the overall used car market showed a moderate upward trend. Judging from the specific performance of regional markets, the average daily trading volume in North China, East China, Southwest China, and Central and South China all showed an upward trend. In contrast, the market trend in the Northeast and Northwest regions was slightly weak, and the average daily trading volume declined to a certain extent.

Specifically, the average daily volume of used cars traded in East China was 26,200 units, an increase of 4.39% over the previous month. Judging from the market transactions in major cities, the used car market volume in Nanchang, Linyi, Jining, Shanghai, Jinhua and other places all showed an increasing trend this week. Among them, the Linyi and Jining markets showed outstanding performance, with trading volume increases of 25%; the Nanchang and Jinhua markets also performed well, with trading volume increases of more than 15% this week; the Shanghai market achieved a slight increase of 0.8%; in contrast, the markets in Nantong, Wenzhou, Jinan and other places experienced a relatively obvious decline. The trading volume of the Wenzhou market dropped by 20% this week, and the Nantong and Jinan markets all fell 15%.

The average daily volume of used cars traded in North China was 0.2,900 units, an increase of 3.85% over the previous month. This week, the used car market in cities such as Tianjin, Shijiazhuang, and Chifeng showed signs of recovery. The volume of used car transactions in the Tianjin market increased by 12.6% this week, the average daily trading volume in the Shijiazhuang market increased 7.5% month-on-month; the Chifeng market increased slightly by 4.5% month-on-month; and the trading volume in Beijing, Langfang, Taiyuan and other places experienced a slight decline, falling between 3% and 5%.

The average daily volume of used cars traded in the Tohoku region was 0.23 million units, down 3.28% from the previous month. This week, activity in the used car market in several cities such as Harbin, Jinzhou, Changchun, and Shenyang has cooled down markedly. Specifically, used car trading volume in the Harbin market fell 12% month-on-month; the decline in the Jinzhou market was even more significant, exceeding 15% this week; the Changchun and Shenyang markets also experienced slight declines, with Changchun falling 6.5% month-on-month and the Shenyang market falling 4.8% month-on-month. However, the used car market in Dalian, Songyuan, Jixi and other places showed signs of recovery this week. Trading volume maintained a slight recovery, with an increase of 5% to 10%.

The average daily volume of used cars traded in the southwest region was 11,700 units, an increase of 1.57% over the previous month. This week, used car transactions in cities such as Chengdu, Mianyang, Lhasa, and Kunming all showed signs of recovery. Among them, the market performance in Kunming and Mianyang was outstanding, with trading volume growing at more than 10% month-on-month; the Guiyang and Lhasa markets both showed a slight increase this week, with an increase of around 5%; in contrast, the Chongqing market experienced a slight decline this week.

The average daily volume of used cars traded in the central and southern regions was 25,500 units, an increase of 3.35% over the previous month. This week, the used car market in various cities such as Dongguan, Nanning, Changsha, Pingdingshan, and Haikou showed varying degrees of growth. Among them, the growth of the Pingdingshan market in Changsha was particularly prominent, with transaction volume increasing by more than 15% month-on-month; activity in the used car market in Dongguan and Nanning also increased dramatically, with transaction volume increasing by more than 10%. Furthermore, the Haikou market also saw a slight increase in trading volume this week; however, the Guangzhou, Wuhan, and Jiaozuo markets experienced significant declines this week, with declines of around 10%.

The average daily volume of used cars traded in the northwest was 0.1 million units, down 6.77% from the previous month. This week, the used car market transactions in both Lanzhou and Bazhou showed a significant downward trend. Among them, the decline in trading volume in the Lanzhou market was particularly prominent, with a month-on-month decline of more than 30%; the trading volume of the Bazhou market fell 16% month-on-month; however, Wu Zhong and Yulin showed impressive market performance this week, with trading volume increasing by as much as 20% month-on-month. Furthermore, the Xi'an market also showed a positive growth trend this week, with trading volume increasing 5.8% month-on-month.