China used car market is growing due to the rapid growth of online channels in the industry. Chinese online used-car dealing platforms are increasingly investing in physical retail stores as they seek to improve customer experience on their platforms and improve brand recognition. According to Renub Research China Used Car Market is anticipated to reach 385 Billion by the end of the year 2025.
East China dominates the used car market in China among South Central China, Northern China, southwest China, North-East China, and northwest China. China has accelerated the development of the automobile industry with the rapid pace and achieved remarkable output with several laws and regulation that supported China used car market.
China's e-commerce reform, such as the regulation of automobile sales, registry of used cars sold across provinces and city boundaries, amending laws regulating the recycling of scrapped vehicles. Such laws made it possible for selected unauthorized dealers to market used imported cars. Sedan and SUV is the most common used car sold in China as younger Chinese people under the age of 30 choose to buy these two vehicles. Chinese people consider buying a used car because of excellent conditions, lower car costs, options to select the best brand and model.
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