China Used Vehicle Market Outlook to 2022 - by Type of Vehicle (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), by Vehicle Age, by Distribution Channels, by Region, by Price of Vehicle

China Used Vehicle Market Outlook to 2022 - by Type of Vehicle (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), by Vehicle Age, by Distribution Channels, by Region, by Price of Vehicle


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Executive Summary

The report titled "China Used Vehicle Market Outlook to 2022 - by Type of Vehicle (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), by Vehicle Age, by Distribution Channels, by Region, by Price of Vehicle" provides a comprehensive analysis of China's Used Vehicle market introduction and genesis, market size by value and volume, market ecosystem, value chain analysis and market segmentation. The report covers complete snapshot on online used vehicle market, used vehicle finance market and buying decision parameters. The report provides a competition scenario with competitive landscape of major players in China online used vehicle market such as Guazi, Uxin Group and Renrenche. The report also covers SWOT analysis, future projections along with analyst recommendation. The report is useful for major organized dealers/Large vehicle markets, online used vehicle companies, unorganized dealers and auto loan companies for used vehicles, potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

China Used Vehicle Market

Market Size:
China used vehicle market is in its early stage of growth. Globally, China is the largest market for new vehicles. This combined with falling average age of used vehicles shows ample scope for growth in the coming years. A gradual shift has been observed, an increasing number of people are now opting for vehicles under the age of 3 years.

On the overall level, China's used vehicle market size has increased three fold in last 5 years from 2012 to 2017. Introduction of major online companies such as Guazi, Uxin Group, and Renrenche has increased the penetration rate of online companies in China. Online penetration rate has increased in last 5 years as well.

Market segmentation:

By Type: Sedans (basic passenger cars) has remained the most used type of vehicle in China. SUVs are the second most preferable type and their sale has amplified from 2015-2017. On the other hand, used Micro Van sales have augmented from 2015 to 2017. These types of vehicles are mostly preferred by large families and for commercial purposes. Other types of vehicles such as Trailer, motorcycles and low speed trucks have registered the remaining proportionate share in 2017.

By Vehicle Age: Major trade of used vehicle has taken place within the age bracket of three to ten years. Sale of cars under 3 years of age is increasing significantly due to growing penetration of online channels and variety of finance schemes available to the public.

By Region: East China has accounted for majority of sales of used vehicles during the year 2017. The region covers provinces such as Shanghai, Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi and Shandong. As of 25th April 2018, Shanghai has purchasing power parity (PPP) which is second highest in China. East China accounts for the highest population compared to all other regions. South Central China has accounted for second largest share in the year 2017. Major provinces covered in south central China are Henna, Hubei, Hunan, Guangdong, Guangxi, Hainan, Hong Kong and Macau.
Northern district encompasses Beijing, which is the capital city and commercial heart of the country with highest PPP. South West, North East and North West districts accounted for a combined share of around 27% in the total sales volume during 2017.

By Price: People in China generally prefer to purchase used vehicles in price range less than CNY 30,000. Cars priced between CNY 30,000-50,000 accounted for the second highest share.

Snapshot on China Online Used Vehicle Market:
People are shifting their preference towards online mode of purchase. Dealers in the market are charging higher margin which leads to increased final price of the vehicle. On the other hand, online websites are just charging a small commission on the transaction value. Online sellers of used vehicle claim to perform quality checks and fitness test. Online companies list vehicles only after performing rigorous vehicle inspection. This has enhanced level of trust of customers over online used vehicle companies leading to a shift in buyer's preference.

Snapshot on Used Vehicle Finance Market:
Loan on zero percent down payments is also provided, however in such cases, rate of interest charged has increased in 2017. Used vehicle finance penetration in China has increased from 2016 to 2017. Major companies which provide used vehicle financing services in China are 100credit.co, Pingan Bank, Weizhong Bank, Xin, Ant Financial, DBS, Hong Leong Finance, May Bank, Tokyo Century Leasing, United Overseas Bank, Pahouche and many others.

Competition Scenario – (Online Channel):
Major companies in used vehicle market in China are Guazi, Uxin Group, and Renrenche. Guazi has comprised of the maximum share in the sale of used vehicle in China from online channels during 2017. On the other hand, Uxin Group has comprised of the second highest market share in sale of used vehicle during the same year. Renrenche has been accounted for the third highest market share in the sale of used vehicles during 2017. These three companies cover majority of the total sales of used cars from online channels during 2017. Online used vehicle companies compete on various parameters such as the number of cities covered, providing value-added services, performing number of quality checks before listing vehicles and portfolio of Vehicles. They provide various services such as vehicle inspection, consultancy services, financing and insurance of Vehicles, door to door Vehicle delivery services, transfer of Vehicle registration and after sale services.

Guazi provides its services in more than 200 cities of China whereas Uxin Group has more than 200 offline stores to provide after sale services to its customers. Renrenche has a presence in over 80 cities in China. There are various business models prevailing in the online used vehicle market of China such as C2C, B2C, C2B, B2B, and C2B2C.

Future Outlook and Projections:
By Volume: It has been expected that there will be a reduction in average replacement age of vehicles in china. This will lead to increase in average ticket size of vehicles. Moreover, online penetration in the used vehicle market is expected to maintain the growth trend till 2022 showcasing maximum potential to grow. Online companies such as Guazi are focusing to expand its portfolio of services by expanding into used vehicle finance. Renrenche has planned to open multiple offline stores by 2018. In China, sale of used vehicles through financing is expected to reach up over 13 million units by 2022,

Key Topics Covered in the Report

  • China Used Vehicle Market Size (2012-2017)
  • China Used Vehicle Market Overview
  • China Used Vehicle Market Segmentation by type of vehicle sale (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks)
  • China Used Vehicle Market Segmentation by Vehicle Age (Three to Six Years, Less Than Three Years, Six to Ten Years and More Than Ten Years)
  • China Used Vehicle Market Segmentation by Distribution channels (Organized Dealers/Large Vehicle Market, Online, Unorganized Dealers)
  • China Used Vehicle Market Segmentation by Region Wise Distribution (East China, South Central China, Northern China, South West China, North East China, North West China)
  • China Used Vehicle Market Segmentation by Price of Vehicle in CNY (Less than 30,000, 30,000-50,000, 50,000-80,000, 80,000-120,000, 120,000-150,000, 150,000-300,000 and More Than 300,000)
  • China Used Vehicle Market Ecosystem and Value Chain Analysis
  • Snapshot on China Online Used Vehicle Market.
  • Snapshot on China Used Vehicle Finance Market.
  • Buying decision parameters and trend and developments of China Used Vehicle Market
  • Complete Competition Analysis including Heat Maps & Strength and Weakness of the top five major online companies.
  • Competitive Landscape of Major Players in China Online Used Vehicle Market and overview of all Other Online Major Players in China
  • SWOT Analysis of China Used Vehicle Market
  • Government Regulations of China Used Vehicle Market
  • Future Outlook and Projections of China Used Vehicle Market (2017E-2022E)
  • Analyst Recommendation
  • Economy Analysis including major Macro/Micro Economic factors affecting China Used Vehicle Market (2012-2022E)


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1. Executive Summary
Market Size
Market segmentation
Snapshot on China Online Used Vehicle Market
Snapshot on Used Vehicle Finance Market
Competition Scenario – (Online Channel)
Future Outlook and Projections

2. Research Methodology
2.1. Market Definitions and Size
2.2. Abbreviations
2.3. Market Sizing and Modeling
Research Methodology
Market Sizing Approach
Variables Dependent and Independent
Multifactor Based Sensitivity Model
Limitations
Conclusion

3. China Used Vehicle Market Introduction and Genesis

4. China Used Vehicle Market Size, 2012-2017

5. Ecosystem for China Used Vehicle Market

6. China Used Vehicle Market Value Chain Analysis

7. China Used Vehicle Market Segmentation
7.1. By Type (Sedans, Buses, Trucks, SUVs, Micro Van, MPVs, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), 2015-2017
7.2. By Vehicle Age (Three to Six Year, Less Than Three Years, Six to Ten Years and More than Ten Years), 2015-2017
7.3. By Region (East China, South Central China, Northern China, South West China, North East China, North West China), 2015-2017
7.4. By Price in CNY (Less than 30,000, 30,000-50,000, 50,000-80,000, 80,000-120,000, 120,000-150,000, 150,000-300,000 and More Than 300,000), 2016-2017
7.5. By Distribution Channel (Organized Dealers/Car Markets, Online Channel and Unorganized Dealers), 2012 and 2017
7.6. Snapshot on China Online Used Vehicle Market
7.7. Snapshot on China Used Vehicle Finance Market
Used Vehicle Loan services Comparison
Used Vehicle Financing Advantages and Disadvantages for Major Players
Constraints in Used Vehicle Financing
Value Chain Analysis of China Used Vehicle Finance Market
Buying Decision Parameters for Used Vehicles in China

8. Trends and Development in China Used Vehicle Market
Increase in Funding
Rise in Sales of Used Vehicles with Less Than Three Years of Age
Low Online Penetration Rate for Used Buses and Trucks

9. Government Regulation in China for Used Vehicle Market

10. SWOT Analysis of China Used Vehicle Market

11. Competition Scenario
11.1. Competition Scenario with Competing Factors in China Used Vehicle Market
11.2. Strength and Weakness of Top Five Players in China Online Used Vehicle Market, 2017
11.3. Company Profiles of Major Players in China Online Used Vehicle Market
11.4. Overview of Other Major Online Players in China used Vehicle Market, 2017
11.5. Overview of Organized Dealers/Car Markets in china Used Vehicle Market
11.6. Heat Map of All Players in Online Used Vehicle Market in China

12. China Used Vehicle Market Future Outlook and Projections, 2018-2022
12.1. By Volume, 2018-2022
12.2. By Type of Vehicles (Sedans, SUVs, Micro Vans, MPVs, Trucks and Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks), 2022
12.3. By Type of Distribution Channels (Large Organized Dealers, Online and Unorganized Dealers), 2022
12.4. By Region Wise Distribution (East China, South Central China, Northern China, South West China, North East China, North West China), 2022
12.5. By Price in CNY (Less than 30,000, 30,000-50,000, 50,000-80,000, 80,000-120,000, 120,000-150,000, 150,000-300,000 and More Than 300,000), 2022
12.6. By Vehicle Age (Three to Six Year, Less Than Three Years, Six to Ten Years and More than Ten Years), 2022
12.7. Analyst Recommendations

13. Macroeconomic Factors Affecting China Used Vehicle Market
13.1. China New Passenger Vehicle Sales, 2012-2022
13.2. China New Bus Sales, 2012-2022
13.3. China New Trucks Sales, 2012-2022
13.4. China New Motorcycle Sales, 2012-2022
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Figure 4-1: China Used Vehicle Market Size on the Basis of Sales Volume in Million Units, 2012-2017
Figure 4-2: China Used Vehicle Market Size on the Basis of Transaction Value in CNY Billion, 2017
Figure 5-1: China Used Vehicle Market Ecosystem
Figure 6-1: China Used Vehicle Market Value Chain Analysis
Figure 7-1: China Used Vehicle Market Segmentation by Vehicle Age (Three to Six Years, Less Than Three Years, Six to Ten Years, More Than Ten Years) on the basis of Sales Volume in Percentage, 2015-2017
Figure 7-2: China Used Vehicle Market Segmentation by Region (East China, South Central China, Northern China, South West China, North East China, North West China) on the basis of Sales Volume in Percentage Share, 2015-2017
Figure 7-3: China Used Vehicle Market Segmentation by Price in CNY (Less than 30,000, 30,000-50,000, 50,000-80,000, 80,000-120,000, 120,000-150,000, 150,000-300,000 and More Than 300,000) on the basis of Sales Volume in Percentage, 2016-2017
Figure 7-4: China Used Vehicle Market Segmentation by Distribution Channel (Organized Dealers, Online and Unorganized Dealers) on the basis of Sales Volume in Percentage, 2012 and 2017
Figure 7-5: China Online Used Vehicle Market Size on the Basis of Sales Volume in Million Units, 2012-2017
Figure 7-6: Online Penetration of China Used Vehicle Market, 2012-2017
Figure 7-7: China Used Vehicle Finance Penetration Rate, 2016-2022
Figure 7-8: China Used Vehicle Finance Market Size on the Basis of Number of Cars Financed in Million Units, 2016-2022
Figure 7-9: Value Chain for China Used Car Finance Market
Figure 8-1: Percentage Share of Used Vehicle of Age Less Than Three Years in Total Used Vehicle Sales in China, 2015-2017
Figure 9-1: Number of Tests Conducted and Certifications Issued in Used Vehicle Market of China, 2017
Figure 11-1: Market Share of Major Players in China Online Used Vehicle Market on the basis of Sales Volume in Percentage, 2017
Figure 12-1: Future Outlook and Projections of China Used Vehicle Market on the Basis of Sales Volume in Million Units, 2018-2022
Figure 12-2: Future Outlook and Projections of China used vehicle Market by Type of Vehicles (Sedans, SUVs, Micro Vans, MPVs, Trucks and Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks) on the Basis of Sales Volume in Percentage, 2022
Figure 12-3: Future Outlook and Projections of China Used Vehicle Market by Type of Distribution Channels (Large Organized Dealers, Online and Unorganized Dealers) on the Basis of Sales Volume in Percentage, 2022
Figure 12-4: Future Outlook and Projections of China Used Vehicle Market by Region Wise Distribution (East China, South Central China, Northern China, South West China, North East China, North West China) on the Basis of Volume in Percentage, 2022
Figure 12-5: Future Outlook and Projections of China Used Vehicle Market by Price in CNY (Less than 30,000, 30,000-50,000, 50,000-80,000, 80,000-120,000, 120,000-150,000, 150,000-300,000 and More Than 300,000) on the Basis of Sales Volume in Percentage, 2022
Figure 12-6: Future Outlook and Projections of China Used Vehicle Market by Vehicle Age (Three to Six Year, Less Than Three Years, Six to Ten Years and More than Ten Years) on the Basis of Sales Volume in Percentage, 2022
Figure 13-1: China New Passenger Vehicles Sales Volume in Million units, 2012-2022
Figure 13-2: China New Bus Sales Volume in Thousand units, 2012-2022
Figure 13-3: China New Truck Sales Volume in Million Units, 2012-2022
Figure 13-4: China New Motorcycle Sales Volume in Million Units, 2012-2022

Table 2-1: Definitions of Various Regions in China
Table 2-2: Correlation Matrix of China Used Vehicle Market
Table 2-3: Regression Coefficients Outputs of China Used Vehicle Market
Table 3-1: Introduction and Genesis of China Used Vehicle Market, 2012-2017
Table 4-1: Year-on-Year Developments in China Used Vehicle Market, 2012-2017
Table 6-1: China Used Vehicle Market Value Chain Process
Table 6-2: Competition Parameters between Major Entities of China Used Vehicle Market
Table 7-1: China Used Vehicle Market Segmentation by Type (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks) on the basis of Sales Volume in Million Units, 2015-2017
Table 7-2: China Used Vehicle Market Segmentation by Type (Sedans, SUVs, Micro Vans, MPVs, Trucks, Buses, Cross Type Vehicles, Trailers, Motor Cycle and Low Speed Trucks) on the basis of Sales Volume in Percentage, 2015-2017
Table 7-3: Comparison Matrix of Different Types of Used Vehicle in China on the basis of (Average Age, Average Ticket Size, Best Selling Vehicle and Major Sales Point) in China, 2017
Table 7-4: China Used Vehicle Market Segmentation by Vehicle Age (Three to Six Years, Less Than Three Years, Six to Ten Years, More Than Ten Years) on the basis of Sales Volume in Million Units, 2015-2017
Table 7-5: China Used Vehicle Market Segmentation by Region (East China, South Central China, Northern China, South West China, North East China, North West China) on the basis of Sales Volume in Million Units, 2015-2017
Table 7-6: Purchase Power Parity and GDP of Provinces in China, 2017
Table 7-7: China Used Vehicle Market Segmentation by Price in CNY (30,000, 30,000-50,000, 50,000-80,000, 80,000-120,000, 120,000-150,000, 150,000-300,000 and More Than 300,000) on the basis of Sales Volume in Million Units, 2016-2017
Table 7-8: China Used Vehicle Market Segmentation by Distribution Channel (Organized Dealers, Online and Unorganized Dealers) on the basis of Sales Volume in Million Units, 2012-2017
Table 7-9: Best Selling Used Vehicles in China by Channel, November 2017
Table 7-10: Snapshot on China Online Used Vehicle Market including Market Size, Commission charged, Types and Number of Tests Performed, Number of Players, Marketing Techniques and Others, 2012-2017
Table 7-11: Overview of China Used Vehicle Finance Market
Table 7-12: Comparison Matrix of Major Dealers Providing Used Vehicle Finance Services in China
Table 7-13: Advantages and Disadvantages for Major Players Providing Used Vehicle Finance in China
Table 7-14: Major Constraints in Used Vehicle Financing in China
Table 7-15: China Used Vehicle Finance Market Value Chain
Table 8-1: Buying Decision Parameters for Used Vehicles in China
Table 9-1: Funding Received by Used Vehicle Trading Companies in China in USD Million, 2012-2017
Table 10-1: Government Regulation in China for Used Vehicle Market, 2012-2017
Table 11-1: SWOT Analysis of China Used Vehicle Market
Table 12-1: Competition Parameters in China Online Used Vehicle Market
Table 12-2: Strengths and Weaknesses of Major Players in China Online Used Vehicle Market
Table 12-3: Market Share of Major Players in China Online Used Vehicle Market on the basis of Sales Volume in Million Units, 2017
Table 12-4: Company profile of Guazi including company overview, Business Model, KPI, Regulations, Funding, USP, Future Business Strategies, Portfolio of Vehicles
Table 12-5: Company Profile of Renrenche including company overview, Business Model, KPI, Regulations, Funding, USP, Future Business Strategies, Portfolio of Vehicles
Table 12-6: Company Profile of Uxin Group including company overview, Business Model, KPI, Regulations, Funding, USP, Future Business Strategies, Portfolio of Vehicles
Table 12-7: Company Overview of Other Online Companies in China
Table 12-8: Company Overview of Organized Dealers of Used Vehicles in China
Table 12-9: Heat Map of All Players in Online Used Vehicle Market in China
Table 13-1: Rationale for China Used Vehicle Market on the Basis of Volume in Million Units Sales, 2018-2022
Table 13-2: Future Outlook and Projections of China Used Vehicle Market by Type of Vehicles (Sedans, SUVs, Micro Vans, MPVs, Trucks and Buses, Cross Type Vehicles, Trailers, Motor Cycles and Low Speed Trucks) on the Basis of Sales Volume in Million Units, 2022
Table 13-3: Future Outlook and Projections of China Used Vehicle Market by Type of Distribution Channels (Large Organized Dealers/Car markets, Online and Unorganized Dealers) on the Basis of Sales Volume in Million Units, 2022
Table 13-4: Future Outlook and Projections of China Used Vehicle Market by Region (East China, South Central China, Northern China, South West China, North East China, North West China) on the Basis of Sales Volume in Million Units, 2022
Table 13-5: Future Outlook and Projections of China Used Vehicle Market by Price in CNY (Less Than 30,000, 30,000-50,000, 50,000-80,000, 80,000-120,000, 120,000-150,000, 150,000-300,000 and More Than 300,000) on the Basis of Volume in Million Units, 2022
Table 13-6: Future Outlook and Projections of China Used Vehicle Market by Vehicle Age (Three to Six Year, Less Than Three Years, Six to Ten Years and More than Ten Years) on the Basis of Sales Volume in Million Units, 2022
Table 13-7: Analyst Recommendations for China Used Vehicle Market
Table 14-1: Rationale for China New Passenger Vehicle Sales, 2012-2022
Table 14-2: Rationale for China New Bus Sales, 2012-2022
Table 14-3: Rationale for China New Trucks Sales, 2012-2022
Table 14-4: Rationale for China New Motorcycle Sales, 2012-2022

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