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Yali Yang, Hao Chen, Ruoping Zhang "Development of Used Car Market in China," Modern Economy, Vol. 4 No. 6, 2013, pp. 453-460. Full text of the article available in PDF (Size:719KB)    DOI: 10.4236/me.2013.46048 [Accessed 28 June 2013]AbstractAlthough still in its early development phase, rapid growth of auto ownership has also injected new vitality for used car market in China. Under the support of series policy, the used car market reveals leaping development character with qualified changes. It is essential to understand the new changes in the used car market. This paper conducted research on the new features of used car market in China to promote its development. Environment analysis showed that used car market will be strongly enhanced by the blooming of auto market, rapid GDP growth and policy support, which experienced steady trade scale increase and structure optimization. The used car trade experienced steady trade scale increase and structure optimization. Along with the purchasing pattern changing, significant expansion of the secondhand car market is imminent, even with hinder issues such as lack of integrity, evaluation criteria and after-service system, and incomplete policy and regulation. Several new features were identified, strong policy support, enlarging market scale and irradiation loop, remarkable concentration increase, increased status of brand used car, and enhanced trading service platform establishment. It is indicated that China’s used car market is making the shift from subordinate position to one of the dominant positions in auto industry, which is expected into a high speed, up-going development passage in the future. References&#160;[1]A. D. Little, “China’s Automotive Market,” Automotive Viewpoint, 2011.[2]China Automobile Dealers Association, “2010 China Auto Market Yearbook,” China Commercial Publishing House, Beijing, 2010.[3]China Automobile Dealers Association, “2012 China Auto Market Yearbook,” China Commercial Publishing House, Beijing, 2012.[4]X. B. Sun, “Contribution of Used-Car Business for OEM and Implement Strategy,” MBA Thesis, Shanghai Jiao Tong University, Shanghai, 2011.[5]X. C. Li, “Effect of Real GDP per Capital on Private Car Demand,” Special Zone Economy, Vol. 1, 2010, pp. 284-285.[6]State Information Center and National Development and Reform Commission, “Forecast of China’s Auto Market in 2012,” China Machine Press, Beijing, 2012.[7]China Automobile Dealers Association, “2011 China Used Car Industry Development Report,” Beijing, 2011.[8]IPSOS in China, “Related Policy Analysis on Used Car Market Standardization and Promotion Development,” China Motor, No. 2, 2011, pp. 32-35.[9]China Automobile Dealers Association, “2011 China Auto Market Yearbook,” China Commercial Publishing House, Beijing, 2011.[10]Z. Y. Luan, “Research on the Current China Used Car Brand Marketing Model,” Master Thesis, Jilin University, Changchun, 2011.[11]H. Zhang and A. W. Zheng, “Current Situation Analysis and Development Strategy of China’s Used Car Market,” Auto Industry Research, No. 7, 2012, pp. 10-13.[12]Industry Economy Division in Development Research Center of the State Council, China Association of Automobile Manufactures, Shanghai VW, “2012 Development Report on China’s Auto Industry,” Social Science Academic Press, Beijing, 2012.See the video Second hand cars in China