Robust used-vehicle recovery continues

Used-vehicle sales across China remained strong in April, advancing 34 percent from a year earlier to approach 1.49 million.

The sales gain was led by second-hand crossovers, SUVs, multi-purpose vehicles and sedans, the China Automobile Dealers Association said.

Last month, demand for used crossovers and SUVs surged 68 percent to around 161,700.

Deliveries of used MPVs rallied 46 percent to approximately 87,600 while demand for used sedans advanced 36 percent to roughly 900,000.

Sales of used minibuses also climbed up 19 percent to about 33,000.

Meantime, sales of second-hand buses and trucks also rose 13 percent and 12 percent, to 115,800 and 123,900, respectively. 

CADA didn’t divulge deliveries of other types of used vehicles such as pickups for April.

With first-quarter volume rising 97 percent from the coronavirus-stricken year-earlier period, used-vehicle sales in China through April rose 75 percent to exceed 5.4 million, according to the dealer body’s tally.

In 2020, because of the virus outbreak that ravaged China in the first quarter, annual used-vehicle sales dipped 3.9 percent to 14.3 million.

It was the first decline in the used-vehicle market since CADA started tracking domestic sales in the late 1990s.