The current situation and prospects of China’s second-hand car export market

Oct. 6th, 2024

With the continuous development of the global automotive market, the export market of Chinese brand used cars has gradually attracted widespread attention. In recent years, China has occupied an important position in the field of new cars. And she also has shown a rapid growth trend in the export of used cars. This article will explore in detail the current situation, advantages, and future development prospects of Chinese brand used car exports.

1、 The current situation of Chinese brand second-hand car exports

The market size is gradually expanding

With the gradual maturity of the Chinese automobile market, the number of cars in the country continues to increase. And the annual volume of second-hand car transactions is also constantly rising. According to relevant data, the second-hand car trading volume in China has exceeded 16 million units in 2023. At the same time, an increasing number of Chinese brand used cars are entering the international market through exports, meeting the diverse needs of global consumers.

Policy support has been strengthened

In recent years, the Chinese government has introduced a series of policies to encourage the export of second-hand cars. For example, the Notice on Supporting the Export of Used Cars points out that we should actively support the export of used cars and promote relevant enterprises to explore international markets. These policies provide strong support for the development of China’s second-hand car export market.

Key export markets

Chinese brand used cars are mainly exported to emerging markets such as Southeast Asia, the Middle East, and Africa. Due to rapid economic development but underdeveloped local automobile industry, these regions have a high demand for cost-effective and reliable second-hand cars. Chinese brand used cars are highly popular in these markets due to their relatively new models and lower prices.

2、 Advantages of Chinese brand second-hand car exports

The car model updates quickly

Compared with other countries, China’s car replacement speed is relatively fast. And many consumers choose to frequently replace new cars. This has led to a large number of new and in good condition used cars in the second-hand car market. This provides high-quality vehicle resources for the export market and enhances the competitiveness of Chinese brand used cars.

Significant price advantage

The price of Chinese brand used cars usually has a significant advantage over other brands in the international market, which makes them more cost-effective in the export market and able to attract more consumers. Especially for some countries and regions with slower economic development, low-priced and high-quality used cars have become their first choice.

Diversified vehicle selection

There are a wide variety of car models in the Chinese market, covering everything from compact sedans to large SUVs, commercial vehicles, and more. This diversity meets the different needs of consumers from different countries and further expands the audience of Chinese used cars in the international market.

3、 Challenges faced by Chinese brand second-hand car exports

Low brand awareness

Although Chinese car brands have a high level of recognition domestically, consumer awareness of Chinese brands is still relatively low in the international market, especially in developed countries. The lack of brand effect may affect the export sales of used cars.

The after-sales service system is not yet perfect

Compared with developed markets such as Europe and America, the after-sales service system of Chinese brand used cars overseas is not yet sound enough. This may have a negative impact on the long-term development of used cars, as good after-sales service is an important consideration for many consumers when choosing to purchase used cars.

The complexity of export standards and regulations

Different countries have different standards and regulations for the import of used cars, which makes the export process complex and cumbersome. Chinese second-hand car export enterprises need to understand and comply with the regulations and standards of various markets to ensure the smooth entry of vehicles into overseas markets.

4、 The future prospects of Chinese brand second-hand car exports

Despite facing certain challenges, the export prospects of Chinese brand used cars are still very promising. With the continuous upgrading of China’s automobile industry, the quality and technological level of domestic cars are gradually improving, which provides stronger competitiveness for the export of second-hand cars. In addition, the demand for the global used car market continues to grow, especially in emerging markets and developing countries, which brings more opportunities for China’s used car exports.

Summary:

The export market for Chinese brand used cars is currently in a stage of rapid development. With its advantages of new models, low prices, and diverse choices, Chinese used cars have shown great potential in the international market. Although brand awareness and after-sales service system still need to be improved, with the increase of policy support and the continuous expansion of enterprises in overseas markets, the export of Chinese brand used cars is expected in the future.

Producing good used cars , ensuring quality — our way of survival

Sep. 23rd, 2024

Exporting good used cars and ensuring quality is not only a principle that our company adheres to, but also a strict requirement from relevant departments of our Chinese government for every exported car.

The used cars in China are with the mutual promotion of exports and the large-scale circulation. The export of used cars has developed rapidly. The policy environment has been further optimized. The level of convenience has been continuously improved. And the export scale and target market have reached new highs. The export volume and value of second-hand cars in 2023 increased by 294.2% and 329.5% respectively compared to 2022, reaching a historic high. New energy and traditional fuel used car exports are advancing simultaneously.

To achieve such impressive results is closely related to China’s strict requirements for exporting vehicles.

Five departments including the Ministry of Commerce, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Transport, and the General Administration of Customs have issued a notice on matters related to the export of second-hand cars, which further puts forward specific requirements for the export of second-hand cars. https://www.gov.cn/zhengce/zhengceku/202402/content_6931424.htm

1. One is to effectively strengthen organizational implementation. Each region should establish a special working mechanism, clarify the responsibilities of all parties, ensure that relevant work is carried out in a standardized and orderly manner, and promote the healthy and sustainable development of the second-hand car export business.

2.The second is to strictly ensure quality and safety. Export vehicles shall comply with the “Quality Requirements for Export of Used Passenger Cars” (WM/T 8-2022) or the “Quality Requirements for Export of Used Commercial Vehicles and Trailers” (WM/T 9-2022), and a product testing report shall be issued by a third-party testing agency. If the export target country has access standards, the export enterprise should also declare compliance with local standards. Second hand car export enterprises are the main responsible parties for quality traceability and should strictly fulfill obligations such as product testing and truthful disclosure of vehicle information.

3.Enhance international business capabilities.

4. Strengthen supervision and services. Each region should timely track the export situation in their own area, strengthen supervision and management of various links in the export of second-hand cars, achieve full process traceability, and effectively prevent and control various risks. Establish a local second-hand car export credit evaluation system, guide enterprises to abide by laws and regulations, operate with integrity, strengthen industry self-discipline, regulate competitive behavior, and maintain export order.

 

USED CARS TRADE WITH HIGH QUALITY

Aug 23rd, 2024

OVERVIEW OF USED CARS TRADE.

As for the export of second-hand or used cars, it seems to be the same as all international trade. The exporters just exchange products with corresponding testing reports to meet the specific requirements of the receiving country. The products can be mass-produced or directly provided in bulk, following the formal export process. Even if international trade is completed, there seems to be no essential difference in what products are exported. In fact, it is not similar. Because the exported products are second-hand or used cars. It can only be said to be similar to other product trades in terms of transportation. However, there is truly difference in determining the products before transportation, and it is fundamentally different from exporting new cars.

THE DIFFERENCE OF USED CARS AND OTHER PRODUCTS.

THE CHARACTERISTICS OF OTHER PRODUCTS TRADE

The export of second-hand or used cars has its essential characteristics. When introducing most products to foreign customers or importers, a small number of samples can be mailed, allowing customers to see the true product condition and quality even across borders. If the customer finds indicators that do not meet their requirements through sample testing and sends them back to China, the domestic exporter can make improvements according to the customer’s requirements, facilitate orders, and export in bulk. The selection, ordering, and export of new car products are basically the same as other products.

THE CHARACTERISTIC OF USED CARS TRADE

The difference between second-hand or used cars is that they are used cars that are in good condition and do not affect their continued use. Firstly, because each car has been used by different people, the condition of each car cannot be uniform. So foreign customers or importers must confirm the information of each required car through photos, videos, accident records, and evaluation reports. Secondly, in general, customers may need second-hand cars of designated brands from the same year, or second-hand cars of different designated brands. This results in one or several second-hand car merchants not being able to meet the customer’s one-time demand. It also requires strong domestic exporters to integrate market vehicles in order to facilitate the completion of second-hand car trade.

BEST CHOICE http://www.hebeicar.com

We, Hebei Automobile, adhere to the principle of truthful and accident free information for each used car. Over the years, we have integrated resources from the second-hand or used car distribution market in Hebei, with a complete range of vehicle brands and ages, to meet customers’ needs for all vehicle models and conditions, enabling customers to complete their order requirements in one stop. Our company provides genuine vehicle condition, sincere attitude, and genuine service to make friends with international peers and importers.

If you want the prosess of exporting used cars , please click the link below.

https://m.sohu.com/a/798114259_121957553

Sep 19rd, 2024

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