China's Used Car Transactions Hit 8.095 Million Units in Jan-May, New-to-Used Ratio Reaches 1:1 for First Time
China's used car market recorded 8.095 million transactions from January to May 2026, up 2.3% year-on-year. For the first time, the ratio of new-to-used car sales reached 1:1, signaling a structural shift in China's automotive consumption landscape.
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