China Used Car Market to 2032
Overview
The China Used Car Market is expected to reach a 297,992.33 USD Billion by 2032 and is projected to grow at a CAGR of 12.67% from 2025 to 2032.
Revenue, 2024 (USD Billion)
148,077.08
Forecast, 2032 (USD Billion)
297,992.33
CAGR, 2024 - 2032
12.67%
Report Coverage
China
China Used Car Market 2018-2032 USD Billion
China Used Car Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 148,077.08 USD Billion
- Projected Market Size (2032): 297,992.33 USD Billion
- CAGR (2025-2032): 12.67%
Key Findings of China Used Car Market
- The China Used Car Market was valued at 148,077.08 USD Billion in 2024.
- The China Used Car Market is likely to grow at a CAGR of 12.67% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Electric Vehicle in Vehicle Type Segment accounted for the largest share of the market with a revenue of 131,724.88 USD Billion
- The fastest growing segment Organised in Vendor Type Segment grew Fastest with a CAGR of 13.94% during the forecast period from 2024 to 2032.
China Used Car Market Scope
China Used Car Market Segmentation & Scope
Vehicle Type
- HCV
- LCV
- Passenger Cars
- Electric Vehicle
Propulsion Type
- Others
- CNG
- LPG
- Electric
- Diesel
- Petrol
Engine Capacity
- Full Size (Above 2500 CC)
- Mid-Size (1500-2499 CC)
- Small (Below 1499 CC)
Dealership
- Independent
- Franchised
Sales Channel
- Online
- Offline
Vendor Type
- Unorganised
- Organised
China Used Car Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 148,077.08 USD Billion |
| Market Value in 2032 | 297,992.33 USD Billion |
| CAGR (2025-2032) | 12.67% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Propulsion Type,Engine Capacity,Dealership,Sales Channel,Vendor Type |
Regional Insights:
-
Leading Market (2024-2032): China, leading in terms of revenue 148,077.08 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 148,077.08 USD Billion in 2024.
Segments and Scope
-
China Used Car Market to 2032, By Vehicle Type
- Electric Vehicle is the largest segment in China Used Car Market to 2032 with a revenue of 131,724.88 USD Billion in the year 2024.
- Electric Vehicle is the Fastest growing segment in China Used Car Market to 2032 with a Growth rate of 12.98 % in forecast period 2025-2032.
-
China Used Car Market to 2032, By Propulsion Type
- Petrol is the largest segment in China Used Car Market to 2032 with a revenue of 92,836.99 USD Billion in the year 2024.
- Petrol is the Fastest growing segment in China Used Car Market to 2032 with a Growth rate of 13.15 % in forecast period 2025-2032.
-
China Used Car Market to 2032, By Engine Capacity
- Small (Below 1499 CC) is the largest segment in China Used Car Market to 2032 with a revenue of 62,432.05 USD Billion in the year 2024.
- Small (Below 1499 CC) is the Fastest growing segment in China Used Car Market to 2032 with a Growth rate of 13.87 % in forecast period 2025-2032.
-
China Used Car Market to 2032, By Dealership
- Franchised is the largest segment in China Used Car Market to 2032 with a revenue of 105,042.71 USD Billion in the year 2024.
- Franchised is the Fastest growing segment in China Used Car Market to 2032 with a Growth rate of 13.54 % in forecast period 2025-2032.
-
China Used Car Market to 2032, By Sales Channel
- Offline is the largest segment in China Used Car Market to 2032 with a revenue of 99,656.18 USD Billion in the year 2024.
- Online is the Fastest growing segment in China Used Car Market to 2032 with a Growth rate of 12.06 % in forecast period 2025-2032.
-
China Used Car Market to 2032, By Vendor Type
- Organised is the largest segment in China Used Car Market to 2032 with a revenue of 97,972.37 USD Billion in the year 2024.
- Organised is the Fastest growing segment in China Used Car Market to 2032 with a Growth rate of 13.94 % in forecast period 2025-2032.
China Used Car Market Company Share Analysis
| Company Name |
|
||
| Hendrick Automotive Group | |||
| Asbury Automotive Group | |||
| AutoNation | |||
| CarMax Enterprise Services, LLC | |||
| LITHIA MOTORS., INC. | |||
China Used Car Market Geographical Sales Distribution, 2018-2032 USD Billion
China Used Car Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The China Used Car Market is segmented based on Segmentation Vehicle Type,Propulsion Type,Engine Capacity,Dealership,Sales Channel,Vendor Type.
China Used Car Market was valued at USD 148,077.08(Revenue in USD Billion) in 2020.
China Used Car Market is projected to grow at a CAGR of 12.67% during the forecast period of 2024 to 2032.
The Electric Vehicle segment is expected to dominate the China Used Car Market, holding a largest market share of 131,724.88 USD Billion in 2024
China Used Car Market Scope
China Used Car Market Segmentation & Scope
Vehicle Type
- HCV
- LCV
- Passenger Cars
- Electric Vehicle
Propulsion Type
- Others
- CNG
- LPG
- Electric
- Diesel
- Petrol
Engine Capacity
- Full Size (Above 2500 CC)
- Mid-Size (1500-2499 CC)
- Small (Below 1499 CC)
Dealership
- Independent
- Franchised
Sales Channel
- Online
- Offline
Vendor Type
- Unorganised
- Organised
Frequently Asked Questions
The China Used Car Market is segmented based on Segmentation Vehicle Type,Propulsion Type,Engine Capacity,Dealership,Sales Channel,Vendor Type.
China Used Car Market was valued at USD 148,077.08(Revenue in USD Billion) in 2020.
China Used Car Market is projected to grow at a CAGR of 12.67% during the forecast period of 2024 to 2032.
The estimated market value of the China Used Car Market for final year is USD 297,992.33 (USD Billion).
China Used Car Market Company Profiling
Frequently Asked Questions
The China Used Car Market is segmented based on Segmentation Vehicle Type,Propulsion Type,Engine Capacity,Dealership,Sales Channel,Vendor Type.
China Used Car Market was valued at USD 148,077.08(Revenue in USD Billion) in 2020.
China Used Car Market is projected to grow at a CAGR of 12.67% during the forecast period of 2024 to 2032.
The estimated market value of the China Used Car Market for final year is USD 297,992.33 (USD Billion).
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