The transaction volume of the used car market in China reached 1.7292 million units, representing a month-on-month decline of 7.59% but a year-on-year increase of 18.33%, according to the China Automobile Dealers Association.

In January, the used car market exhibited significant differences in vehicle model structure, with both the passenger car and commercial vehicle markets performing better than the same period last year.

The sales of SUV models also rose, with a notable year-on-year growth rate. The demand for MPV models continued to warm up, with year-on-year growth trends, making it an important driver for market expansion. Additionally, the activity level of crossover passenger vehicles improved.

In the commercial vehicle market, overall performance surpassed that of the same period last year, with both bus and cargo vehicle transaction volumes achieving positive year-on-year growth and significant growth rates.