China Used Vehicle Market Outlook to 2022
by Type of Vehicle (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), by Vehicle Age, by Distribution Channels, by Region, by Price of Vehicle
Region:Asia
Product Code:KR628
May 2018
92
About the Report
Market segmentation:
By Vehicle Age: Major trade of used vehicle has taken place within the age bracket of three to ten years. Sale of cars under 3 years of age is increasing significantly due to growing penetration of online channels and variety of finance schemes available to the public.
By Region: East China has accounted for majority of sales of used vehicles during the year 2017. The region covers provinces such as Shanghai, Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi and Shandong. As of 25th April 2018, Shanghai has purchasing power parity (PPP) which is second highest in China. East China accounts for the highest population compared to all other regions. South Central China has accounted for second largest share in the year 2017. Major provinces covered in south central China are Henna, Hubei, Hunan, Guangdong, Guangxi, Hainan, Hong Kong and Macau.
Northern district encompasses Beijing, which is the capital city and commercial heart of the country with highest PPP. South West, North East and North West districts accounted for a combined share of around 27% in the total sales volume during 2017.
By Price: People in China generally prefer to purchase used vehicles in price range less than CNY 30,000. Cars priced between CNY 30,000-50,000 accounted for the second highest share.
Snapshot on China Online Used Vehicle Market: People are shifting their preference towards online mode of purchase. Dealers in the market are charging higher margin which leads to increased final price of the vehicle. On the other hand, online websites are just charging a small commission on the transaction value. Online sellers of used vehicle claim to perform quality checks and fitness test. Online companies list vehicles only after performing rigorous vehicle inspection. This has enhanced level of trust of customers over online used vehicle companies leading to a shift in buyer's preference.
Snapshot on Used Vehicle Finance Market: Loan on zero percent down payments is also provided, however in such cases, rate of interest charged has increased in 2017. Used vehicle finance penetration in China has increased from 2016 to 2017. Major companies which provide used vehicle financing services in China are 100credit.co, Pingan Bank, Weizhong Bank, Xin, Ant Financial, DBS, Hong Leong Finance, May Bank, Tokyo Century Leasing, United Overseas Bank, Pahouche and many others.
Competition Scenario – (Online Channel): Major companies in used vehicle market in China are Guazi, Uxin Group, and Renrenche. Guazi has comprised of the maximum share in the sale of used vehicle in China from online channels during 2017. On the other hand, Uxin Group has comprised of the second highest market share in sale of used vehicle during the same year. Renrenche has been accounted for the third highest market share in the sale of used vehicles during 2017. These three companies cover majority of the total sales of used cars from online channels during 2017. Online used vehicle companies compete on various parameters such as the number of cities covered, providing value-added services, performing number of quality checks before listing vehicles and portfolio of Vehicles. They provide various services such as vehicle inspection, consultancy services, financing and insurance of Vehicles, door to door Vehicle delivery services, transfer of Vehicle registration and after sale services.
Future Outlook and Projections:
Key Topics Covered in the Report
- China Used Vehicle Market Size (2012-2017)
- China Used Vehicle Market Overview
- China Used Vehicle Market Segmentation by type of vehicle sale (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks)
- China Used Vehicle Market Segmentation by Vehicle Age (Three to Six Years, Less Than Three Years, Six to Ten Years and More Than Ten Years)
- China Used Vehicle Market Segmentation by Distribution channels (Organized Dealers/Large Vehicle Market, Online, Unorganized Dealers)
- China Used Vehicle Market Segmentation by Region Wise Distribution (East China, South Central China, Northern China, South West China, North East China, North West China)
- China Used Vehicle Market Segmentation by Price of Vehicle in CNY (Less than 30,000, 30,000-50,000, 50,000-80,000, 80,000-120,000, 120,000-150,000, 150,000-300,000 and More Than 300,000)
- China Used Vehicle Market Ecosystem and Value Chain Analysis
- Snapshot on China Online Used Vehicle Market.
- Snapshot on China Used Vehicle Finance Market.
- Buying decision parameters and trend and developments of China Used Vehicle Market
- Complete Competition Analysis including Heat Maps & Strength and Weakness of the top five major online companies.
- Competitive Landscape of Major Players in China Online Used Vehicle Market and overview of all Other Online Major Players in China
- SWOT Analysis of China Used Vehicle Market
- Government Regulations of China Used Vehicle Market
- Future Outlook and Projections of China Used Vehicle Market (2017E-2022E)
- Analyst Recommendation
- Economy Analysis including major Macro/Micro Economic factors affecting China Used Vehicle Market (2012-2022E)
Products
Companies
- Guazi,
- Uxin Group,
- Renrenche,
- Souche,
- Mychebao.com,
- Cheyipei.com,
- Kx.cn., Youche.com,
- Che168.com,
- 273.cn, 51auto.com,
- Pahaoche.com,
- Zhuo.com, Iautos.cn Car King,
- China Grand Automotive Series Co. Ltd,
- China Yongda Automobiles Services Holding Ltd.,
- Beijing Old Car Market,
- Da Shi Xing Automobile
Table of Contents
1. Executive Summary
Market Size
Market segmentation
Snapshot on China Online Used Vehicle Market
Snapshot on Used Vehicle Finance Market
Competition Scenario – (Online Channel)
Future Outlook and Projections
2. Research Methodology
2.1. Market Definitions and Size
2.2. Abbreviations
2.3. Market Sizing and Modeling
Research Methodology
Market Sizing Approach
Variables Dependent and Independent
Multifactor Based Sensitivity Model
Limitations
Conclusion
3. China Used Vehicle Market Introduction and Genesis
4. China Used Vehicle Market Size, 2012-2017
5. Ecosystem for China Used Vehicle Market
6. China Used Vehicle Market Value Chain Analysis
7. China Used Vehicle Market Segmentation
7.1. By Type (Sedans, Buses, Trucks, SUVs, Micro Van, MPVs, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), 2015-2017
7.2. By Vehicle Age (Three to Six Year, Less Than Three Years, Six to Ten Years and More than Ten Years), 2015-2017
7.3. By Region (East China, South Central China, Northern China, South West China, North East China, North West China), 2015-2017
7.4. By Price in CNY (Less than 30,000, 30,000-50,000, 50,000-80,000, 80,000-120,000, 120,000-150,000, 150,000-300,000 and More Than 300,000), 2016-2017
7.5. By Distribution Channel (Organized Dealers/Car Markets, Online Channel and Unorganized Dealers), 2012 and 2017
7.6. Snapshot on China Online Used Vehicle Market
7.7. Snapshot on China Used Vehicle Finance Market
Used Vehicle Loan services Comparison
Used Vehicle Financing Advantages and Disadvantages for Major Players
Constraints in Used Vehicle Financing
Value Chain Analysis of China Used Vehicle Finance Market
Buying Decision Parameters for Used Vehicles in China
8. Trends and Development in China Used Vehicle Market
Increase in Funding
Rise in Sales of Used Vehicles with Less Than Three Years of Age
Low Online Penetration Rate for Used Buses and Trucks
9. Government Regulation in China for Used Vehicle Market
10. SWOT Analysis of China Used Vehicle Market
11. Competition Scenario
11.1. Competition Scenario with Competing Factors in China Used Vehicle Market
11.2. Strength and Weakness of Top Five Players in China Online Used Vehicle Market, 2017
11.3. Company Profiles of Major Players in China Online Used Vehicle Market
11.4. Overview of Other Major Online Players in China used Vehicle Market, 2017
11.5. Overview of Organized Dealers/Car Markets in china Used Vehicle Market
11.6. Heat Map of All Players in Online Used Vehicle Market in China
12. China Used Vehicle Market Future Outlook and Projections, 2018-2022
12.1. By Volume, 2018-2022
12.2. By Type of Vehicles (Sedans, SUVs, Micro Vans, MPVs, Trucks and Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), 2022
12.3. By Type of Distribution Channels (Large Organized Dealers, Online and Unorganized Dealers), 2022
12.4. By Region Wise Distribution (East China, South Central China, Northern China, South West China, North East China, North West China), 2022
12.5. By Price in CNY (Less than 30,000, 30,000-50,000, 50,000-80,000, 80,000-120,000, 120,000-150,000, 150,000-300,000 and More Than 300,000), 2022
12.6. By Vehicle Age (Three to Six Year, Less Than Three Years, Six to Ten Years and More than Ten Years), 2022
12.7. Analyst Recommendations
13. Macroeconomic Factors Affecting China Used Vehicle Market
13.1. China New Passenger Vehicle Sales, 2012-2022
13.2. China New Bus Sales, 2012-2022
13.3. China New Trucks Sales, 2012-2022
13.4. China New Motorcycle Sales, 2012-2022
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