Uses car business in China is booming this year. The country’s used car sales jumped 3.89% in the first eight months as compared to the last year’s first eight months’ sales. In the first eight months of this year, a total of 9.27 million used cars have been sold which involves 588 billion yuan.
August month is considered as a traditional off-season in China but almost 1.2 million used cars were traded in key used car trading markets. The August month sale was down by 1.18 percent from July but it was up by 0.92 percent from the last year’s stats.
China is the second-largest economy in the world after America and its auto market is considered as the largest auto market. It had a great dominance over the global car market by selling 28.08 million motor vehicles last year. This year’s stats are expected to grow by large percentage.
To boost the car market in the country, the government is going to bring more series of measures such as prohibiting local governments from restricting car purchases. People would also be able to visit websites like https://www.buycarbkk.com/ for the best used car deal.
Along with used cars, sales of used crossovers and SUVs have also increased by 5 percent after selling about 580,300 vehicles. And deliveries of mini busses grew up by 4.4 percent after selling 164,900 vehicles in the first six months of this year. Growth of used vehicles sale was 56 percent of new vehicle deliveries in China during the period.
China is continuously encouraging the used vehicle demand. The country’s Ministry of Commerce started a pilot program that allows expansion of used car business in South China’s Guangdong provinces and nine domestic cities including Shanghai and Beijing.