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CAR Inc s Gathers Fresh Steam as Upgraded Services Boost Investoroptimism
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CAR Inc Gathers Fresh Steam as Upgraded Services Boost Investoroptimism
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As Malaysia s surging COVID-19 cases hits chip supply, firms urged to shift production to China
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Used car market sees steady sales growth By CAO YINGYING | China Daily | Updated: 2021-07-26 09:34 Share CLOSE Visitors browse a used car market in Yichang, Hubei province. A total of 1.53 million used cars were sold in June in China, increasing 17.76 percent year-on-year. LIU JUNFENG/FOR CHINA DAILY
Consumer demand up more than 50 percent as segment continues to mature in China
China s used car market is maturing and expected to reach the same number of sales as new vehicles by 2025, an industry insider said.
Statistics from the China Automobile Dealers Association show sales in the first half of the year stood at 8.43 million units, an increase of 52.89 percent compared to the same period last year. The growth rate a year ago was just 3.93 percent because of COVID-19 lockdowns.
From:ChinaDaily | 2021-05-11 11:24
BEIJING - China s vehicle inventory alert index, which reflects the inventory pressure on automobile dealers, rose 0.9 percentage points month-on-month in April, industrial data showed.
The index stood at 56.4 percent in April, down 0.4 percentage points from a year ago, according to the China Automobile Dealers Association.
A higher reading indicates weaker market demand, higher inventory pressure and greater risks. The month-on-month rise is mainly due to insufficient market demand and declining sales last month, said the association.
Despite the strong demand recovery after the May Day holiday and insufficient chip supply, the inventory can meet the market demand in the next two months, it said.