China Automobile Dealers Association: China's used car manager index was 48.7% in May 2020

On June 1, 2020, the China Automobile Dealers Association released the latest "China Used Car Manager Index" (UCMI). The results of this UCMI show that the used car manager index in May was 48.7%, which is below the boom-bust line. The used car market continued to improve, but it was still sluggish.

The survey shows that 9.1% of respondents believe that total market demand will “increase”, 84.2% believe that it will “remain basically the same”, and 6.7% believe that it will “decrease”.

Used car market demand in May

The survey shows that in May, online customer traffic remained basically the same, while offline customer traffic increased. Among them, 77.9% of dealers believed that online customer traffic remained "same", 9.3% believed that it increased, and 12.8% believed that it decreased; 10.1% of dealers believed that offline customer traffic increased, 84.5% believed that it remained "same", and 5.4% believed that it decreased.

Second-hand car customer traffic in May

The survey shows that used car sales in May were basically flat, with 76.6% of respondents believing that sales were “flat”, 10.9% believing that sales were “increased”, and 12.5% ​​believing that sales were “decreased”.

Second-hand car sales in May

The survey shows that dealers believe that the business conditions in May were average, 9.4% of them believe that the business conditions were "good", and 86.9% of them believe that the business conditions were "average".

Second-hand car business status in May

Overall, despite the implementation of new policies and the increase in market demand, the overall operating conditions of the used car market in May were average. Among the used car dealers surveyed, 10% said that the capital circulation in May increased by more than 10%, and 90% of the managers expected that the capital circulation in June would be the same as in May.

When talking about the expectations for next month, the used car manager said: At present, although the market demand has recovered, June is traditionally an off-season and there are fewer high-quality cars. It is expected that the business situation in June may decline.

Used car managers are cautious about their forecasts for the used car market in June 2020, with a confidence index of 49.5%, which is below the boom-bust line.