Daily Management Review

China to export used cars


Chinese authorities allowed to export used cars to stimulate car sales in the country. According to the Xinhua News Agency, 10 administrative regions, including Beijing and Shanghai, were the first to receive permission to export used cars.

The Chinese Ministry of Commerce issued a statement saying that the potential for developing the export market for used cars in China is very great.

The agency said it would work to improve market regulation and services to support the export of used cars in conjunction with the Ministry of Public Security and the General Administration of Customs of China.
Last year, sales of used cars in China amounted to about 13.83 million, which is half as much as the sales of new cars.

Sales of vehicles in China in 2018 declined for the first time in 28 years. According to the China Association of Automobile Manufacturers (CAAM), sales to dealerships decreased by 2.8% last year - to 28.1 million units.
The data of the China Passenger Car Association (CPCA) also indicated the first decline in car sales in the country last year in more than 20 years — by 6%, to 22.7 million units.

source: xinhuanet.com