China’s used-car market recorded 1.76 million transactions in October 2025, a 2.7% year-on-year increase, according to Cui Dongshu, head of the China Passenger Car Association (CPCA).

However, sales fell 2% month-on-month, reflecting softer short-term demand.

Total transaction value for October reached 111 billion yuan, down 0.8% from a year earlier.

For the first ten months of 2025, cumulative used-car transactions rose to 16.49 million units, an increase of 3.5% year-on-year. The market’s aggregate transaction value over the same period reached 1.057 trillion yuan, edging up 0.6%.

Cui noted a notable shift in vehicle transfer patterns: the proportion of used cars that changed registration across regions — typically fluctuating between 25% and 30% in recent years — climbed to 33.1% in October, marking the highest level on record for the period.