Xinjiang's Used Car Sales Continue to Rise

In 2011, the volume of used cars in Xinjiang increased by 70% compared with the same period of last year, and the transaction volume accounted for about 1/6 of the sales of new cars. In response, as the largest second-hand car trading market in Xinjiang, Mu Xiaomin, general manager of Xinjiang Tonghui Market Co., Ltd., said: “Since 2009, the sales volume of used cars in our market has been on a rising trend. Only on the weekend, the market opened. Within two hours, nearly 4,000 used cars entered the trading market, and the market’s operating space was also relatively tight.”

The shortage of operating space in the used-car market is no longer a new topic. In 2009, the old motor vehicle market of the racecourse with more than 50,000 square meters of trading area was relocated to the second-hand vehicle market in the Midong District, Urumqi City, Urumqi City, due to excessive traffic flow, and relocated to a business area of ​​150,000-200,000 square meters. . Tonghui's used car market has nearly 6,000 parking spaces, which is more than 2000 parking spaces than the original racetrack market. “The current market is planned on a scale of 5 to 10 years of use, but according to current operating conditions, the existing market cannot meet the demand for used car transactions. We are building a second-hand area of ​​700 acres. The car market hopes to ease the tension in the venue, said Mu Xiaomin.

It is understood that although Xinjiang's used car circulation started in the mid-1990s and it has only a dozen years of development, it has developed rapidly in recent years and has become an important component of Xinjiang's automobile circulation.

With the sustained development of Xinjiang's economy and continuous improvement of residents' income, in 2011, the total retail sales of automobiles in the region reached 21.16 billion yuan, a year-on-year increase of 23.7%, accounting for 30.52% of the total wholesale and retail sales of enterprises above designated size. The number of motor vehicles in Xinjiang increases at a rate of 10% per year. The substantial increase in car ownership, the improvement of the automotive market and policy environment and the continuous increase in per capita disposable income have laid a solid foundation for the development of the used car market.