Investor Presentation 2Q23
USED CAR MARKET: MASSIVE POTENTIAL IN THE LONG RUN
CANGO谷
Trading Volume of Used Cars in China (MM)
Trading Volume of Used Cars on Trading Platforms
■Trading Volume of Used Cars
1.0
1.0
0.9
1.6
1.3
1.3
1.9
16.2
14.0
13.0
12.0
10.6
10.3
9.7
2.3
In the era of a saturated automobile market, the
number of consumers opting for upgrading or
exchanging their vehicles has surpassed those
purchasing new cars, leading to a rapid growth
trend in the used car market.
18.6
With improving policy support and market
regulation, the used car industry is moving towards
formalization, scaling, and branding.
2018
2019
2020
2021
2022
2023E
2024E
2025E
Sources: China Automobile Dealers Association, China Insights Consultancy
Consumers are now placing more emphasis on the
overall experience and are seeking more convenient
services that combine online and offline elements,
which is driving a transformation in traditional
offline transaction models.View entire presentation