China Automobile Circulation Association: The national second-hand car market transaction volume in January increased by 18.33% year-on-year.

According to the China Automobile Dealers Association, in January 2026, the national volume of transactions in the used car market was 1.7292 million vehicles, a decrease of 7.59% compared to the previous month and an increase of 18.33% compared to the same period last year, with a total transaction amount of 110.612 billion yuan. In January, there was a significant difference in the vehicle structure of the used car market, with both the passenger car and commercial vehicle markets performing better than the same period last year. The trading volume of basic passenger cars steadily increased, with a considerable year-on-year growth rate; the trading volume of SUV models also rose, with a particularly prominent year-on-year growth rate, and the market continued to release vitality; the demand for MPV models continued to heat up, showing a clear year-on-year growth trend, becoming an important driving force for market growth; the activity of crossover passenger cars increased steadily year-on-year. In the commercial vehicle market, overall performance was better than the same period last year, with both passenger and freight vehicles achieving year-on-year positive growth, and the growth rate was significant, indicating a continuously strengthening market activity and good development trend.