China Automobile Circulation Association: the trading volume of 1.4968 million used cars in the national market increased by 25.95% in May compared with the same period last year.

[China Automobile Circulation Association: trading volume of 1.4968 million used cars in the national market in May increased by 25.95 percent over the same period last year] data from the China Automobile Circulation Association show that in May 2023, the trading volume of the national used car market was 1.4968 million, with a month-on-month increase of 2.23 percent, an increase of 25.95 percent over the same period last year, and the transaction volume was 93.239 billion yuan. From January to May 2023, the cumulative trading volume of used cars was 7.2353 million, an increase of 17.29 percent over the same period last year, and an increase of 1.0667 million over the same period, with a cumulative transaction value of 454.379 billion yuan.