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Since May this year, China has officially launched the export business of used cars! On May 7, the Ministry of Commerce, the Ministry of Public Security and the General Administration of Customs held a special working meeting on the export of used cars, which made it clear that they would start the export of used cars and announced the areas of the first batch of used car export business. Including Beijing, Tianjin, Shanghai, Zhejiang Province (Taizhou), Shandong Province (Jining), Guangdong Province, Sichuan Province (Chengdu), Shaanxi Province (Xi'an), Qingdao and Xiamen.

Including Beijing, Tianjin, Shanghai, Zhejiang Province (Taizhou), Shandong Province (Jining), Guangdong Province, Sichuan Province (Chengdu), Shaanxi Province (Xi'an), Qingdao and Xiamen, will soon become pilot areas for second-hand car export business.

The first used car in Taizhou, Zhejiang Province, was officially completed on August 2. a Buick used car priced at US $12968 (nearly RMB 90,000) will be exported by sea to C ô te d'Ivoire in Africa with an export license number of 19-11-115918. The one who completed this export business is Taizhou Longtong Automobile sales and Service Co., Ltd., which is owned by Yuantong Automobile.

Through the query, the specific information of this Buick GL8 is

Frame number: LSGUD84XXGE034783

Brand: Buick

Manufacturer: SAIC GM Buick

Car Department: GL8 Lu Zun (CU2)

Year of production: 2016

Name: new Lu Zun 2.4L

Engine: LE5

KW:120

CC:2384

Fuel: gasoline

Transmission: 6A/MT

Body form: MPV with 5 doors and 7 seats

Front brake: ventilated disc type

Rear brake: disc type

Parking brake: foot brake

Driving mode: front front drive

In addition to Taizhou, Zhejiang, five enterprises in Beijing and a company in Chengdu, Sichuan have also approved the export of used cars.

Some analysts believe that the development of second-hand car export business will obviously stimulate the second-hand car market, promote the gradual maturity of the second-hand car industry, stimulate the vitality of the domestic automobile consumption market, bring direct economic benefits to domestic automobile sales, and promote the healthy development of China's automobile industry.

Cui Dongshu, secretary general of the Federation of passengers, said, "at present, the target market for the export of used cars may include Southeast Asian countries, including countries along the Belt and Road Initiative route."

In April this year, Gao Feng, a spokesman for the Ministry of Commerce, said that the policy of restricting the relocation of used cars would be completely abolished. The above series of news and policies are conducive to the maturity of the second-hand car flow market.

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 6.862 million second-hand cars were traded nationwide from January to June 2019, an increase of 3.93 percent over the same period last year, with a transaction value of 433.609 billion yuan.

At present, the slump in the new car market may mean that the used car market has great potential for development.

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