Trillion-level market: Research on China's second-hand car industry

5px;">The structure of China's second-hand car industry is similar to that of the United States.

5px;">According to different circulation links, this market in China mainly has a C to B auction model, a B to C store model, a B to B auction model, and a C to C consignment model.

5px;">Renrenche’s original C to C virtual consignment model based on China’s national conditions can be said to be the most extreme solution.

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5px;">Beepi is not a complete C2C model.

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5px;">In the second-hand car market, the relative circulation radius of second-hand cars in the United States is larger.

5px;">Recently, due to environmental protection and taxation considerations in various domestic provinces, policies have been introduced to restrict the emission standards and production years of settled second-hand cars.

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5px;">Looking back at China, the sales volume of China's second-hand car market has basically maintained double-digit growth in the past ten years.

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5px;">However, if we observe the changes in the number of newly registered civilian small passenger cars in China, we will find that the sales of new cars have increased significantly in 2009, with an annual growth rate of 65.

5px;">According to data released by the China Automobile Dealers Association, the average age of second-hand cars in China is 6.

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5px;">In the medium and long term, the number of civil vehicles in China will continue to grow at a medium to high speed, and the future market will be broad, which will lay a solid foundation for the steady development of the used car industry.

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5px;">How big can the second-hand car market in China be in the future? We tend to look for answers in data from the US market.

5px;">According to a report issued by Manheim, the largest second-hand car auctioneer in the United States, due to the early start of the US auto industry, the earliest data currently available is as early as 1976.

5px;">However, in 2013, China's second-hand passenger car sales were 3.

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5px;">The huge market size has naturally attracted many new players and investment institutions to enter the market.

5px;">About Red Dot Investment: Founded in 1999, Red Dot Investment currently manages a total of US$3.

5px;">Red Dot Investment established an office in China in 2005 and has invested in more than 30 companies so far, including China's largest Internet security company Qihoo 360, China's largest mobile game publisher Ledu Games, and China's largest mobile advertising platform Domob , China's largest third-party video advertising monitoring service provider Miaozhen System, China's largest mobile video community "Miaopai", the world's leading mobile security service provider "Bangbang", etc.

5px;">About the author: @ Xie Morningstar, Redpoint, senior analyst, research areas include online education, Internet banking, new media, intelligent hardware, the mobile Internet, second-hand car, the Internet lottery, the Internet and more than 30 TMT real estate segments, not Various industry researches are regularly published on this official account.
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