China Automobile Dealers Association: The average daily transaction volume in the national second-hand car market from May 25th to 31st was 71,100 vehicles.

According to data from the China Automobile Dealers Association, the average daily transaction volume of the national used car market from May 25th to May 31st, 2026 was 71,100 vehicles, a decrease of 3.93% compared to the previous week (May 18th to May 24th). The previous two weeks of upward trend have come to an end, and the market has entered a phase of periodic correction. The pace of releasing terminal car purchase demand has slowed down, with some dealers temporarily suspending bulk inventory replenishment. Combined with the wait-and-see attitude of consumers in many places at the end of the month, the daily transaction volume has decreased compared to last week. The short-term market recovery pace is under pressure, and the subsequent pace of demand recovery still needs to be closely monitored. Weekly regional analysis of the used car market This week, the overall used car market in six major regions of the country has experienced some correction, with most regions seeing a decrease in transaction volume compared to last week, and significant differentiation in market conditions within each region. The markets in the North China and Southwest regions saw a slight increase, while the Northeast, East China, Northwest, and Central South regions saw varying degrees of decline in transaction volume, with significant differences in the pace of market operations in each region. In East China, the average daily transaction volume this week was 29,900 vehicles, a decrease of 5.65% compared to last week, indicating a short-term adjustment phase in the market. City performance within the region varied, with Hefei showing a 16.2% increase, while Nantong had a 6.8% growth rate. Zaozhuang and Jinan saw slight increases, while Jinhua remained basically the same. Several cities including Xiamen, Nanchang, Jining, Shanghai, Hangzhou, and Wenzhou saw decreases ranging from 3.7% to 16.4%, with Jining and Nanchang experiencing relatively prominent declines, indicating a short-term market adjustment in some cities within the region. In North China, the average daily transaction volume this week was 3,500 vehicles, a 2.56% increase compared to last week, indicating a continued stable recovery trend in the market. Shijiazhuang saw a 10.4% increase, with Langfang and Beijing seeing slight increases; while Chifeng, Taiyuan, and Tianjin saw decreases in transaction volume, ranging from 1.3% to 17.4%, with Chifeng showing the most significant decline, indicating differentiated transaction heat in many places within the region. In Northeast China, the average daily transaction volume this week was 2,500 vehicles, a 4.23% decrease compared to last week, indicating a slight weakening in the market. Jixi had a 5.7% increase, with Shenyang and Dalian seeing slight increases; while Harbin, Jinzhou, Songyuan, and Changchun saw decreases in transaction volume, ranging from 2.7% to 11.8%, with Changchun showing a noticeable decline, indicating a slight cooling of transaction heat in many places within the region. In Southwest China, the average daily transaction volume this week was 8,800 vehicles, a 1.59% increase compared to last week, indicating overall stable market operations. Guiyang had a 15.1% increase, with Mianyang showing an 11.9% growth rate, while Kunming and Chongqing saw slight increases, and Chengdu remained basically the same. Lhasa saw a significant decrease in transaction volume, with a decrease of 28.5%, indicating a short-term weakening in the market in some cities, but overall market resilience remains strong. In Central South China, the average daily transaction volume this week was 25,500 vehicles, a 4.23% decrease compared to last week, indicating a slight decrease in market activity. A few cities within the region showed positive transaction trends, with Nanning and Dongguan showing increases of 6.1% and 5.7% respectively, and Haikou seeing a slight increase; while Guangzhou, Zhengzhou, Pingdingshan, Jiaozuo, Wuhan, and Changsha saw decreases ranging from 4.3% to 22.6%, with Jiaozuo, Wuhan, and Changsha experiencing significant declines, indicating a stage of deep correction. In Northwest China, the average daily transaction volume this week was 900 vehicles, a 9.95% decrease compared to last week, indicating a characteristic of a periodic correction in the market. Xi'an saw a 1.9% increase, with declines in transaction volume in cities such as Lanzhou, Wuzhong, Xining, Yulin, and Bayingol all ranging from 7.8% to 26.2%, with Wuzhong and Bayingol showing prominent declines, indicating a significant slowdown in market repair pace within the region.