· Second-hand car sales increased by 22.17% in the first quarter.

April is the traditional off-season of the car consumption cycle, and the busy season will also lead to a decrease in the number of people looking at the store. In addition, before the “May 1 Holiday” was the Shanghai Auto Show, and some consumers’ purchasing power will be placed on the holidays in early May. Therefore, the overall situation of automobile sales is not good, and the dealer inventory warning index is still above the warning line.

The second-hand car transactions in the first quarter increased sharply year-on-year. The main reason is that the policy factors are actively guiding. The State Council and relevant departments have ordered the cancellation of the restrictions in each city, and the effect has begun to appear. In addition, the market's endogenous power has also led to the further expansion of used car transactions.

Yesterday, the China Automobile Dealers Association released the April 2017 inventory warning index and the first quarter used car transaction data. The data showed that the inventory alert index for April was 59.2%, which was 2.7 percentage points lower than that of the previous month and still above the warning line. The cumulative sales of used cars in the first quarter was 2,791,200, an increase of 22.17%.

Since entering 2017, the dealer inventory warning index has been above 60%. In April, this figure has dropped back to 59.2%. “April is the traditional off-season of the automobile consumption cycle, especially in the southern provinces. The local customs and habits are that it is not suitable to purchase large and medium-sized goods before and after the Ching Ming Festival, which seriously affects the sales of automobiles, so the warning index is still above the warning line”, China Automotive Lang Xuehong, deputy secretary-general of the circulation association, said that some areas began to plow in April. The busy season will also lead to a decrease in the number of people who look at the store, which makes the overall sales situation of the car not good, and the dealer inventory has increased.

Another reason why the inventory warning index is still grim is that the Shanghai Auto Show before the May 1 holiday, some consumers will have purchasing power in the holiday in early May, so the auto market performance in April is not very optimistic, and the transaction volume is not high. Xiao Zhengsan, secretary-general of the China Automobile Dealers Association, believes that “we hope that whether it is a production company or a supplier, the products should be placed according to the current situation. At the same time, the supply side should also be cautious about the market output, not to put all the pressure on it. Transfer to the dealer's body."

From the early warning index, the inventory index, market demand index and average daily sales index decreased in April, while the employee index and business status index increased. Lang Xuehong analyzed that sales contracted in April, resulting in a slight increase in inventory levels, so the dealer inventory factor should be above the warning line in April, and even higher than in March.

China Automobile Dealers Association expects that in May, the Shanghai International Auto Show will just be over, dealers from all over the world will actively participate in the exhibition, and the orders accumulated in April will be released, so sales will improve. However, some dealers will suppress some of the stocks in April due to the two-month rebate. Therefore, whether the dealer inventory in May can reach the level of March is still not completely certain.

In contrast to the sluggish sales of new cars, the volume of used cars in the first quarter has increased significantly year-on-year. According to data from the circulation association, the transaction volume of the used car market in the country was 1.0798 million units in March, up 30.89% from the previous month and up 21.59% year-on-year. In the first quarter, the cumulative number of used cars in the country was 2,792,200 units, an increase of 22.17% year-on-year; the transaction volume was 182.495 billion yuan, a year-on-year increase of 39.79%.

Xiao Zhengsan believes that the main reason for the sharp increase in second-hand car transactions in the first quarter is that the policy factors are actively guiding. The State Council and relevant departments have requested that the cities cancel the restrictions and the effects have begun to appear. In addition, the market's endogenous power has led to the further expansion of used car transactions.

In the first quarter, the basic passenger car (sedans) in the country's used car market increased the most, reaching 18.58%, the truck market rose by 15.83%, and the passenger car market rose by 8.58%. In terms of regions, East China accounted for the largest proportion, reaching 33.30%, followed by North China with 20.45%, Central South with 19.24%, Southwest with 13.19%, Northeast with 8.76%, and Northwest with 5.06. %. It is worth mentioning that as of March 2017, the proportion of the regional share and the cumulative share changed little, and the North China region accounted for more than the Central South.

In terms of car models, cars in the first-hand car trade were still the main circulation models in the first quarter, accounting for 59.77%, followed by passenger cars accounting for 10.08%, trucks accounting for 8.89%, SUVs accounting for 7.07%, and MPV accounting for 5.66%. Compared with 2016, the proportion of MPV and SUV has increased.

In terms of service life, the second-hand car trades in the first quarter have the largest transaction volume in 3-6 years, accounting for 48.96%, while the proportion of used cars in the three years is 22.83%, 19.68% in 7-10 years, 10 years. The above is 8.54%.

In March, the second-hand car price range was below the price range of 30,000 yuan, and the vehicle market accounted for 42.52%, which was about 4 percentage points lower than the previous month. Vehicles with second-hand car prices below 80,000 yuan accounted for 77.97%, a slight decrease from the previous month.

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