Used-vehicle sales advance 13% in first half
Friday, 03 August 2018
Used-vehicle sales continued to outpace new-vehicle deliveries in China over the first six months of the year, rising 13 percent to top 6.6 million behind demand for secondhand crossovers and SUVs. Deliveries of used crossovers and SUVs surged 37 percent from a year earlier to about 552,700, according to the China Automobile Dealers Association. Used bus sales jumped 15 percent to roughly 701,100 while secondhand truck deliveries advanced 14 percent to around 590,600. In the first six months, used multipurpose vehicle deliveries rose 13 percent to 386,400 and secondhand sedan sales increased 12 percent to approach 3.9 million. The dealer group did not disclose sales of other types of used vehicles such as minibuses. In the first half, sales of new vehicles in China including trucks and buses increased 5.6 percent to nearly 14.1 million, according to the China Association of Automobile Manufacturers.
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