Tens of millions of markets to be excavated Toyota SAIC rivals second-hand car market

“According to our research, China's used car market will have a capacity of 10 million vehicles in the next five years.” On September 8, Sun Jiajun, head of the used car business department of the FAW Toyota dealership sales department, analyzed the used car market at a FAW Toyota store in Zhengzhou. Said.

According to this research, FAW Toyota launched a large-scale second-hand car business expansion operation. Based on the previous FAW Toyota's reassuring second-hand car business, it further launched the “SMILE-certified used car” business and plans to gradually promote the use of 430 dealers nationwide. The car business forms a network of outlets all over the country.

Coincidentally, Shanghai Automotive, China’s largest auto company, also plans to lay out a promising second-hand car market for the future. On September 15, SAIC Motor announced the integration of the resources of its five automotive service companies to create an integrated platform for the entire value chain of used cars. It plans to set off from Shanghai in the next five years and gradually move to Beijing, Shenzhen, Xi'an, and Chongqing. First and second line market expansion.

On September 15, Shanghai Automotive officially released its used car brand "Anji used car" in Shanghai. According to the plan, by 2015, the trading volume of An Yue Trading Market (the second-hand car trading market of Anji Used Cars) will reach 56,900 vehicles with a transaction volume of 2.5 billion yuan.

Anji used car also plans to step out of Shanghai, into the national used car market. In the early stages of planning, the Anji second-hand car plan will extend its reach to first-tier cities such as Beijing and Shenzhen as well as major second and third-tier cities such as Xi'an, Wuhan and Chongqing.

Shanghai Auto entered the used car market as early as 1997. In 2007, the annual turnover of Shanghai Automotive Industry Used Motor Vehicles Co., Ltd. exceeded 100 million for the first time. In 2006, the automotive service business including Anji used cars accounted for 6.7% of Shanghai Automotive Group's total revenue for the year. According to plan, by 2012, the automotive service business will account for 10% of the total revenue of Shanghai Automotive Group. In 2009, Shanghai Automotive’s main revenue was 404.9 billion yuan.

Toyota Motor also believes that the used car market in China is a “hidden place” worthy of development. According to China’s sales of new and used cars from 2002 to 2009, as well as the status of buyers in different price ranges, age, and the usual redemption cycle, FAW Toyota conducted detailed statistics and analysis. The conclusion is: China’s second-hand car trade will appear in the next five years. With scale growth, the annual sales volume will reach 10 million vehicles, and there will be structural changes in the source of automobiles and business operators.

In 2009, China's car sales reached 13.6 million. If we calculate the average replacement period of 5 years and the replacement rate of 40%, the number of vehicles flocking to the used car market in 2014 may reach 5.44 million.

In fact, there are already a large number of "watchers" on the used car market in China, and their identities are mostly smaller private second-hand car dealers. However, the sales volume of the used car market is limited, and the source information is not transparent and the operators are mixed.

A broker who trades used cars in Wuhan revealed that the purchase of taxis that have reached the retirement age from other provinces, and their refurbishment and sale are the practice of a number of second-hand carbrokers, but most parts of these vehicles are Has reached the "fatigue limit", there is a great security risk, consumers are difficult to know.

“There are five main issues that hamper the use of used car trades in China: Assessing aspects, vehicle status information is not transparent; in terms of acquisitions, vehicle replacement is inconvenient; in terms of sales, the purchase of used cars is not assured; auctions, the cattle are full of irregularities; The process cannot be guaranteed.” Yu Jingmin, deputy general manager of Shanghai Automotive Industry Sales Co., told reporters.

Pursuant to the usual 3-7 year swap period for new car buyers, after the first blow-up in China's auto market in 2003, it became the beginning of a large-scale increase in used car business in 2010.