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In May this year, the Ministry of Commerce, the Ministry of Public Security and the General Administration of Customs officially jointly announced the launch of the export business of used cars to sell domestic used cars abroad, so as to improve the circulation of the domestic used car market and promote the maturity of the used car market. It is also an important measure to implement the "Belt and Road Initiative" initiative and promote the high-quality development of foreign trade, and further promote the environmental protection and orderly development of China's automobile industry. After a number of pilot areas responded to the export of used cars, 500 used cars from Xinsha Port in Guangzhou were exported to Africa this month, becoming the largest used car export business in the country so far.

On November 20, 500 used cars were officially shipped at Xinsha Port in Guangzhou, the destination port is Port Kotnu, Benin, Africa. These vehicles will be sold to the African region. According to the introduction, the used cars exported this time are mainly FAW Toyota Corolla models, as well as a small number of Hyundai Mingqu, Sinotruk Haoyun, Yutong bus and so on, with a total value of about 3 million US dollars.

According to the report, exported Toyota Corolla used cars are neatly arranged into the words "good cars in China", with a digital combination of "500" at the bottom.

The FAW Toyota Corolla we are familiar with is the 9th generation Toyota COROLLA model. The 10th generation COROLLA car has changed its Chinese name from "Corolla" to "Carola". At present, the brand-new generation Corolla sold is the 11th generation model. The Toyota Corolla is sold in the same room for a period of time. As early as February 17, 2017, production has been officially announced.

The Toyota Corolla exported to Africa in this batch is almost the same body color, and the interior looks relatively new, not like a used car, but perhaps a boutique car. Some netizens speculated that it may be unsold inventory of new cars, inventory cars when the export of second-hand cars, export quality is guaranteed!

Since the start of the used car export business, a number of car companies and used car e-commerce have exported used cars to other countries and regions in pilot areas.

On July 17, "Guangdong good cars" exported the first batch of nine used cars to Cambodia through the Nansha Port area of Guangzhou Port in containers, which was confirmed by the Ministry of Commerce as the first batch of second-hand cars exported in China.

On August 2 this year, the first used car in Taizhou, Zhejiang Province, completed the export formalities. A Buick used car priced at US $12968 (nearly RMB 90,000 yuan) will be exported by sea to C ô te d'Ivoire in Africa. The export license number is 19-11-115918. The car is a 2016 Buick GL8 Lu Zun (CU2) with an engine capacity of 2.4L. The one who completed this export business is Taizhou Longtong Automobile sales and Service Co., Ltd., which is owned by Yuantong Automobile.

In August, Great Wall established Changyou (Tianjin) Automobile Import and Export Co., Ltd., and completed the export of the first used cars, and the first batch of exported second-hand vehicles were sent to Cambodia, Nigeria, Ghana and other Asian and African countries.

The main target markets for China's second-hand car exports are countries and regions along Belt and Road Initiative, such as Africa, Southeast Asia, Russia, South America and the Middle East, and these areas are left-rudder cars like China, which have the conditions for direct export docking.

Qin Zhiwei, president of the second-hand car export branch of the China Automobile Circulation Association, said that the existing number of cars in China has reached 240 million, and the number of third and fourth cars in China has reached more than 100 million, so the association has done a good job in market research in Africa, Southeast Asia and other countries. do a good feasibility report, do a guide for our overall industry, will not take so many detours And focus on opening up used car export markets in more than 60 countries along the "Belt and Road Initiative" route. Qin Zhiwei believes that in the next 3-5 years, China's export of used cars will reach more than 1 million, making it one of the three largest exporters in the world.

According to the statistics of the China Automobile Circulation Association, the trading volume of used vehicles in China reached 13.8219 million in 2018, an increase of 11% over the same period last year. A total of 11.8527 million second-hand cars were traded nationwide from January to October 2019, an increase of 4.62 percent over the same period last year, with a transaction value of 746.38 billion yuan. In 2019, the new car market showed a negative growth trend compared with the same period last year, the growth rate of the second-hand car market slowed down obviously, and the industry entered a new period of adjustment. The development of second-hand car export business is expected to activate the vitality of the second-hand car market.

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