A few days ago, mr. Kim, who worked in a chemical company in yangzhou, successfully completed the registration of second-hand vehicles for transfer. “a joint-venture car with qingtao licence plate for 2015 was found on the used car trading platform at a price of $3. 35 million.” mr. King said that in jiangsu, off-site second-hand vehicles meeting the national 5 emission standards were allowed to move in normally as of 17 june。
Mr. King is only one of the many beneficiaries of the policy of second-hand good. On 22 june, the standing committee of the state council decided to fully lift the restrictions on the movement of small non-operational second-hand vehicles from 1 august to 1 october, and to introduce separate billing and issuance of temporary number plates when the car sales company applies for transfer registration. The deputy secretary-general of the chinese association of automobile circulation stated that the policy of good will further stimulate the second-hand car market, promote vehicle consumption and unleash consumption potential。
Policy support for accelerated market development
“the circulation of second-hand vehicles is moving quickly and smoothly.” chen jie, director-general of the suzhou lottery, told journalists that, following the lifting of the restrictions in jiangsu province in mid-june, the company had collected more than 10 used field licence plates. “the removal of restrictions would not only allow more off-site vehicles to enter suzhou, but would also make it easier to sell the n5-based vehicles that could not be digested locally。
According to wang xiaowoo, the co-founder of the guaco used vehicle, the removal of the restriction policy and the opening of congestion and card points in the circulation chain of the second-hand car have led to a steady increase in the scale of trade in the dynamic second-hand car by moving it off the ground. “on 1 june, the use of second-hand cars in hebei, jiangsu, tianjin, zhejiang and guangdong, which have expanded the range of alternative vehicles available to users in the guangjian second-hand power station, increased from 35 per cent to 80 per cent before, leading to an increase in the sales of platform vehicles.” wang xiaoyu said。
“the policy of separate registration of second-hand car transfers and the issuance of temporary number plates, which has been in place throughout the country since 1 october, is a major benefit to enterprises that restrict the purchase of second-hand vehicles in cities.” according to guo jian, the chief vehicle manager at beijing's first stop, “in the past, a second-hand car transfer register was carried out in beijing to take advantage of the vehicle purchase target, and the distribution company could only rent a licence plate. The early promotion of the temporary brand policy in beijing reduced the company's operating expenses, and the acquisition of second-hand vehicles entered the company's name, allowing it to account for “stocked goods” like new cars, and opened the door to social financing.”
The huge development potential of the used car market has been felt, with the launch last year of a brand-new “buick officially certified second-hand vehicle” brand. “a series of policy measures to encourage the development of the used-car market has been in place since 2020, particularly since the first half of this year.” according to the minister of marketing of the general motors buick, the policy covers incentives to accelerate the phase-out of older vehicles, the full removal of restrictions and the lowering of the vat rate for used vehicles. In conjunction with the new policy, the company will repurchase the new and old vehicle business chain through active sources, achieve a national distribution model and gradually plan a standardized system of services equivalent to the new vehicle type to enhance the service experience of second-hand car owners。
Branding, digitization and transparency of transactions
In early july, mr. Cuu, the owner of a restaurant in shanghai, purchased a 2019 beconkowai by means of a “bek officially certified used car”. "it's nice to buy a new car for three years and drive for more than 20 days." mr. Guy said that he had considered new cars, ran through the used car market, the brokerage company, looked at the internet platform and finally opted for an officially certified used car。
“quality and services are two of the core competitiveness of second-hand car distribution enterprises and an important means of building consumer trust and enhancing consumption experience.” according to robin, the official certification of second-hand cars, guaranteed quality first-hand vehicles, regulated testing, assessment processes, and original plant quality assurance, after-sales services, and the endorsement of the brand of the car company, have addressed the pain of asymmetrical information on the purchase of used vehicles by consumers。
The dynamic development of second-hand car electrician platforms in recent years has also contributed to new solutions to increase the transparency of information on second-hand car transactions。
“enter the platform to enable it to be digitized is an effective way for the traditional second-hand mobile enterprises to improve their competitiveness.” chen jie said that a platform enterprise could digitize, standardize and manage a wide variety of used vehicles, whether and to what extent the vehicle had been hit, or whether it had been painted or painted, which most used vehicles could not do. In addition, long-range delivery, delivery of vehicle doors, seven days of unjustified return of goods, etc., cannot be achieved without the capability of the platform's strong logistics system, financial support and long-distance after-sales protection。
“digital means to reach potential audiences across the country.” wang yong, the chief car manager of nanjing's departure, said that they had now sold their local cars to more than 20 cities outside nanjing, and that their turnover had tripled。
Prioritize the development of new energy used car markets
“in shanghai, the purchase of new energy used vehicles is not subject to licence plates, but is considered and abandoned.” according to mr. Gui, the number of chargeable vehicles, the extent of battery decay and whether the cores had had heat out of control were data that were both safe and directly affecting vehicle recharge and driving performance and could not be verified by consumers。
“the number of new energy vehicles in the country has doubled since last year and is expected to exceed 5. 5 million this year. How the market for new energy used cars regulates development has become a serious issue for industry.” last year, luo xi said, the technical guidelines for the identification and assessment of second-hand pure electric motor vehicles, developed by the chinese association for the circulation of cars over a period of three years, provided the domestic market with a set of scientific and practical criteria for the evaluation of second-hand vehicles applicable to new energy vehicles。
“in the second half of last year, the market price of pure electric used vehicles, which left the factory in 2017, almost doubled. This not only indicates a significant increase in the market's recognition of new energy used vehicles, but also implies a rational return to an undervalued preservation rate in the past.” the founder of beijing motors new energy technologies ltd., shen wenjun, for example, continued to drive around 100 kilometres, six years old north air new energy ev150, at an exchange price of about $10,000 last year, now close to $20,000。
The new energy second-hand car industry, which is responsible for both the upstream replacement of new vehicles, the sustainable development of the new energy vehicle market and the secondary use and reuse of the downstream used old power battery ladder, is an important element in the life cycle management of new energy vehicles. Although quality determination is no longer a problem at present, such as the validation assessment criteria and new detection equipment, sustainable industrial development remains a challenge, in the view of the shen wen jun, for example, in the management of power cell traceability。
All new energy vehicles are equipped with power cell monitoring systems that allow monitoring, uploading and even notifying the owner of critical data in use before the heat of the battery is out of control, but this information cannot be shared. “we have been exploring whether a similar set of equipment should be installed in the second-hand vehicles sold to record data on the operation of the vehicle three power systems.” according to shen wenjun, this has not only increased vehicle safety and user stickiness, but has also facilitated later use and reuse of ladders。
“the market for new energy used cars has begun to be regulated in such a way as to facilitate the healthy development of the whole used car market.” according to rohit, we traded more than half of the new car sales in 2019 and two thirds of the new car sales in 2021. “accomplished by the policy, the volume of second-hand car transactions is expected to be equal to that of new cars in 2025.” rohit says。
