At the recent 2026 China Used Car Conference, a set of data attracted market attention: the ratio between new car consumption and used car transactions in China reached 1:1 for the first time. According to data, in the first five months of this year, domestic retail sales of new cars were 8.148 million units, down more than 20% from the previous year. In the same period, used cars showed a contrarian upward trend. In the first five months, the transaction volume reached 8.095 million units, an increase of 2.3% over the previous year. Looking at the length of use of used cars, used cars aged 3 to 6 years were the most traded, accounting for 43.6%, down 2.3 percentage points from the same period last year; the proportion of used cars within 3 years of age was 30%, an increase of 3.1 percentage points over the same period last year; the proportion of models over 10 years old was 10%, down 0.6 percentage points from the same period last year.

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