China's Used Vehicle Sales down 18.52 Percent in February
www.chinatrucks.com: China’s used vehicle sales in February declined by 18.52 percent year-on-year to 285,900 units, with the transaction value of ￥14.62 billion ($2.36 billion) down 31.29 percent compared to January, according to data released by China Automobile Dealers Association (CADA) recently.
The combined sales in the first two months of this year reached 695,600 units, up 14.82 percent on a yearly basis, and the transaction value came up to ￥35.89 billion, up 23.05 percent.
In February, the used vehicle transaction volume in South-central and Easter China were 78,100 and 70,200 units, taking the first and second positions among the six regions of the country.
Guangdong Province, according to CADA’s data, remained the top position by its used vehicle sales of about 100,000 units in the first two months, followed by Sichuan and Shandong provinces.
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