Guangdong Automobile Distribution Association announced on the 3rd that the cumulative transaction volume of second-hand motor vehicles in Guangdong Province in the first half of 2016 was 435,000, down 4.0% year-on-year; the total amount of used car transactions was 23.26 billion yuan, down 1.5% year-on-year. This is the second time after the first double drop in the transaction volume and transaction amount of used cars in Guangdong Province at the end of 2015.
According to reports, as the most important trading model, the transaction volume of second-hand passenger vehicles in Guangdong Province was 304,000, down 4.1% year-on-year; the transaction amount was 18.53 billion yuan, down 3.9% year-on-year. The volume of used commercial vehicles (including passenger cars and trucks) was 99,000 units, down 8.3% year-on-year. The trading volume of other models (including motorcycles, trailers, etc.) was 33,000 units, an increase of 17.9% year-on-year.
From the trend of monthly trading of used cars in the province, compared with the same period of last year, the monthly transactions in the province in the first half of this year were obviously “weakâ€, and “negative growth†was the main theme. In March, it was encouraged by the State Council's No. 13 document “Several Opinions on Promoting Convenience Transactions of Used Carsâ€, and the volume of transactions has rebounded. However, in April, the whole province continued to implement the new Interim Regulations on Residence Permits. It is difficult for foreigners to purchase used cars for transfer, and the transaction volume is dragged down.
In terms of trading volume, Dongguan, Foshan, Shenzhen, Guangzhou and Zhongshan are still among the top 5 in the province. Among them, Dongguan's trading volume was 66,000 units, down 3.0% year-on-year. The transaction in Foshan City was 63,000 units, down 3.5% year-on-year. The transaction volume of Shenzhen City was 57,000 units, down 8.3% year-on-year. The transaction volume of Guangzhou City was 56,000 units, down 6.1% year-on-year. The transaction volume of Zhongshan City was 46,000 units, down 1.9% year-on-year.
Compared with last year, in the first half of 2016, a total of 15 cities in the province saw a decline in transaction volume, the largest decline was in Zhuhai, with a decline rate of 16.8%. The transaction volume of Jiangmen, Meizhou, Jieyang, Chaozhou, Yunfu and Shanwei in the province has increased, but the growth rate is not high. Only the three cities of Meizhou, Jieyang and Shanwei have a growth rate of more than 5%.
In the nine cities of the Pearl River Delta, which have implemented the “National Five†(national fifth-phase motor vehicle pollutant discharge standard), the total transaction volume decreased by 4.8% compared with the same period of last year. In the 9 cities, the trading volume of Jiangmen was slightly lower than that of last year, and the trading volume of the other 8 cities all declined.
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