The overall performance of the used car market in November 2021
In November 2021, the national second-hand car transaction volume was 1.5437 million units, the transaction volume increased by 5.99% month-on-month, and the month-on-month decline was 1.91% year-on-year. The transaction amount was 103.648 billion yuan.
The month-on-year negative growth was mainly due to the repeated epidemics. Since late October, there have been sporadic cases in various places. The passenger flow and cross-regional circulation in the second-hand car market have been greatly affected, and the transaction volume has shown a downward trend for three consecutive weeks. , The average daily transaction size returned to the off-season level. As the epidemic prevention and control enters the final stage, most of the affected companies have basically resumed normal operations, and the market trend is gradually improving. On the other hand, the base figure in the same period last year was relatively high. Consumer demand affected by the epidemic in the first half of 2020 was released in the fourth quarter. Monthly transaction volume has set a record high continuously since November. Based on the above influencing factors, the overall performance of the used car market this month was not strong.
The market began to be active towards the end of the year, and the transaction peak in December will soon be ushered in. In the same period last year, there was a historical peak of 1.7 million vehicles in a single month. However, a new round of the epidemic has begun to emerge in Inner Mongolia and Jiangsu, Zhejiang and Shanghai, and it has also brought a lot of uncertainty to the second-hand car market at the end of the year.
From the perspective of this month’s sales of different models, a total of 92.7 million basic passenger vehicles were traded, an increase of 6.97% month-on-month and a year-on-year decrease of 2.74%; a total of 184,200 SUVs were traded, an increase of 6.18% month-on-month and a year-on-year increase of 23.96%; a total of MPVs were traded. 86,000 vehicles were traded, an increase of 5.90% month-on-month and a year-on-year decrease of 4.19%; a total of 35,700 crossover passenger vehicles were traded, an increase of 3.65% month-on-month and a year-on-year decrease of 1.78%.
Commercial vehicles: 111,600 passenger cars, an increase of 6.48% month-on-month, and a decrease of 16.58% year-on-year; 121,100 trucks, an increase of 2.00% month-on-month and a year-on-year decrease of 16.62%.
Analysis of the six regions in November 2021
Second-hand car transaction volume in six regions in November 2021
The growth rate of transaction volume in the six regions in November 2021
In November 2021, in the six regions of the country, except for the Northeast and Northwest regions, which saw a month-on-month decline, the rest of the regions have increased month-on-month. Among them, the Northeast region declined the most, with a month-on-month decrease of 13.09%, and the second-hand car transaction volume was 89, 000; the northwest region fell by 6.24% from the previous month, and a total of 62,100 vehicles were traded; 468,600 vehicles were traded; Eastern China and North China increased by 8.20% and 7.04% month-on-month, with 510,800 vehicles and 188,800 vehicles being traded respectively. The Southwest region saw the smallest increase, with a total of 225,200 used cars traded, an increase of 2.24% month-on-month.
Due to the impact of the epidemic in the northeast and northwest regions, part of the second-hand car market failed to operate normally, and the trading volume declined to varying degrees.
Cross-regional circulation in 2021
In November, the transfer ratio of second-hand cars was 27.08%. The transfer ratio increased by 0.3 percentage points from the previous month, down 1.6 percentage points from the same period last year, and was close to the level in May last year.
The overall performance of the used car market from January to November 2021
From January to November 2021, a total of 15.9669 million second-hand vehicles were traded nationwide, a year-on-year increase of 26.38%. Among them, a total of 9,621,100 basic passenger vehicles were traded, a year-on-year increase of 27.46%; a total of 1,776,200 SUVs were traded, a year-on-year increase of 48.18%; a total of 920,100 MPVs were traded, a year-on-year increase of 25.47%; a total of 36.56 cross-type passenger vehicles were traded. 10,000 vehicles, a year-on-year increase of 21.26%; passenger cars 1,204,400, a year-on-year increase of 9.86%; trucks 1,327,800, a year-on-year increase of 12.99%. From January to November, the growth rate of all sub-models declined compared with January to October. Among them, basic passenger cars were the most obvious, with a drop of 4.36 percentage points.
This article is compiled from the WeChat public account “China Automobile Dealers Association”, Zhitong Finance Editor: Zhuang Dongqi.