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Used-vehicle sales expected to jump 20% in 2017
Automotive News China | 2017/2/10

Used-vehicle sales in China will surge 20 percent to 12.5 million units this year as provinces ease restrictions on sales of used vehicles from other regions, the China Automobile Dealers Association predicted on Tuesday.

Benefiting from looser limits, China's used-vehicle sales rose 10 percent last year to 10.4 million.

But sales of used vehicles in China remain significantly lower than those of new vehicles. In 2016, sales of new passenger vehicles, buses and trucks rose nearly 14 percent to 28 million vehicles.

China's provinces routinely barred the sale of used vehicles sourced from other provinces, fearing it would worsen air pollution. In a bid to encourage consumer spending, Beijing urged provincial governments to lift the ban last year.

But only seven provinces ended the ban, while others preserved their restrictions to varying degrees, according to the association.

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