China’s used-car market recorded 1.76 million transactions in October 2025, a 2.7% year-on-year increase, according to Cui Dongshu, head of the China Passenger Car Association (CPCA).
However, sales fell 2% month-on-month, reflecting softer short-term demand.
Total transaction value for October reached 111 billion yuan, down 0.8% from a year earlier.
For the first ten months of 2025, cumulative used-car transactions rose to 16.49 million units, an increase of 3.5% year-on-year. The market’s aggregate transaction value over the same period reached 1.057 trillion yuan, edging up 0.6%.
Cui noted a notable shift in vehicle transfer patterns: the proportion of used cars that changed registration across regions — typically fluctuating between 25% and 30% in recent years — climbed to 33.1% in October, marking the highest level on record for the period.
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Insights
What are the key factors driving growth in China's used-car market?
How does the transaction value of used cars in October 2025 compare to previous years?
What impact did month-on-month sales decline have on the overall market?
What trends are currently shaping the used-car market in China?
What recent shifts have been observed in vehicle transfer patterns?
How do used-car sales in October 2025 reflect consumer demand?
What are the long-term implications of the current trends in China's used-car market?
What challenges does China's used-car market face moving forward?
How does the performance of used-car sales in China compare to other countries?
What controversies exist regarding pricing in the used-car market?
What role does regional registration play in the used-car market?
How has the overall used-car market evolved over the past decade?
What policies might influence the future growth of the used-car market?
What consumer feedback is being reported regarding used-car purchases?
What factors contributed to the year-on-year increase in used-car transactions?
How does regional transfer of used cars affect market trends?
What insights can be drawn from the aggregate transaction value for the year?
