China Automobile Circulation Association: 6.53 million vehicles traded daily from August 4 to 10, a year-on-year increase of 1.4%

According to our APP, on August 14th, the China Automobile Circulation Association released its monthly report (August 4-10, 2025). From August 4 to 10, the used car market showed a steady recovery trend. Daily transactions reached 6.53 million vehicles, up 2.1% from last week and 1.4% year-on-year, setting a new peak for daily transactions since June. Not only did this mark a turning point in the market's direction, but also indicated that the market has entered an upward trend.

Note: The transaction volume is calculated based on 5 working days

From the feedback of dealerships, 32.6% of them reported an improvement in offline customer flow compared to last week, with over 35% of main operators achieving a growth in weekly sales. Meanwhile, dealers' inventory replenishment has shown significant progress, with many areas already displaying a pre-"Golden September" stockpile.

Price-wise, 60% of enterprises maintained stable terminal prices, while 19% saw slight price increases. Multiple market signals collectively indicate that the industry is entering a recovery cycle.

Policymaking level, various local governments have been steadily implementing stimulus policies. By the end of July, the third batch of subsidies had been completed and allocated to local areas, with some regions restarting the "old-for-new" policy. Moreover, subsidy forms are becoming more innovative, releasing pent-up policy benefits that may further boost August's used car market growth.

Breaking down by region, the new energy used car market has shown a strong upward trend, effectively reducing ordinary consumers' purchase and usage costs. Data shows that from January to June 2025, new energy used car transactions reached 68.65 million vehicles, up 35% year-on-year, accounting for 9.07% of total used vehicle transactions.

As the "Golden September" consumer peak approaches, combined with continued efforts in specialized fields such as new energy and replacement policies, the used car market is likely to break free from its previous adjustment cycle and enter a new stage of growth and quality improvement.

This week, the overall used car market has shown signs of recovery. Regionally, the transactions in North China, East China, Central South China, Northeast China, Southwest China, and Northwest China have all exhibited varying degrees of growth; however, the Northeast China region saw a decline in transactions.

Specifically, the daily transaction volume in East China reached 2.31 million vehicles, up 2.85% from last week. Major cities such as Xiamen, Jinan, Hangzhou, Shanghai, and Linyi have all reported growth trends. Notably, the markets in Xiamen and Hangzhou saw particularly significant increases of over 20%, while Jinan's market grew by 12%. Shanghai's market grew by 7.3%, and Linyi's market showed a slight increase compared to last week.

North China's daily transaction volume reached 0.26 million vehicles, up 3.02% from last week. This week, Beijing, Tianjin, Shijiazhuang, and Chifeng have all reported upward trends in transactions. Notably, Tianjin's market saw a particularly significant increase of over 20%, with Beijing's market growing by 5%. Shijiazhuang and Chifeng markets grew by 4.5% and 6.9%, respectively. However, Taiyuan's market showed a decline, with a decrease of nearly 20%.

Northeast China's daily transaction volume reached 0.23 million vehicles, down 4.59% from last week. This week, Dalian's market saw a decline in transactions, down 10%. Other cities such as Harbin, Changchun, and Shenyang also reported small declines, with decreases ranging from 2% to 5%. However, Jinzhou and Jixi markets displayed strong growth trends, with transaction volumes increasing by over 15%.

Southwest China's daily transaction volume reached 1.23 million vehicles, down 2.5% from last week. This week, Chengdu, Kunming, and Lhasa have all reported small declines in transactions. Specifically, Kunming's market saw a particularly significant decline of over 15%, with Chengdu's market also showing a notable decline of over 10%. Lhasa's market grew by 20%, while Chongqing's market grew by 7.6%.

Central South China's daily transaction volume reached 2.38 million vehicles, up 4.43% from last week. This week, Guangzhou, Nanning, Wuhan, and Changsha have all reported upward trends in transactions. Notably, Wuhan's market displayed a particularly strong recovery trend, with transactions growing by over 20%. Guangzhou's market grew by 11.7%, while Changsha's market grew by 7.4% and Nanning's market grew by 5.4%. However, Jiaxing's market saw a significant decline of 20%.

Northwest China's daily transaction volume reached 0.11 million vehicles, maintaining its previous growth trend. This week, Wuwei and Yulin have both reported strong upward trends in transactions, with volumes increasing by over 20%. However, Xi'an's market saw a decline of 7%, while Baoji's market saw a small decline of 4%. Meanwhile, Lanzhou and Xining markets showed relatively stable trends, without experiencing significant fluctuations.