China’s used light-vehicle sales rose less than one percent to below 1.16 million in October after double-digit growth in the first nine months, according to the China Automobile Dealers Association.
The sudden market slowdown was mainly caused by lockdowns in multiple cities in northwest and northeast China, triggered by resurging coronavirus infections, the trade group said last week.
In October, deliveries of used crossovers and SUVs surged 25 percent to some 173,500 while sales of second-hand minibuses rose 4.6 percent to around 34,400.
But second-hand sedan deliveries dropped 3.3 percent to about 866,600 while sales of used multi-purpose vehicles slid 1.3 percent to roughly 81,200.
Through October, China’s used light-vehicle market expanded 34 percent from a year earlier to approach 11.5 million on the back of a nearly 100 percent rebound in the first quarter.