Cui Dongshu: National used car market transaction volume in August was 1.516 million units, down 3% month-on-month and down 11% year-on-year.

Zhitong Finance APP has learned that on October 30, Cui Dongshu, Secretary-General of the China Passenger Car Association, noted in a post that in August 2026, the national used car market transaction volume was 1.516 million units, down 3% month-on-month and down 11% year-on-year, with a transaction value of 97 billion yuan, down 9% year-on-year. From January to August 2026, cumulative used car transaction volume was 12.79 million units, down 1% year-on-year, and transaction value was 840 billion yuan, up 0.5%.