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China Used Car Market Performance and Outlook to 2027-COVID-19 Impact Assessment

Used car market in China is experiencing year on year growth and after the virus outburst and shortage of semiconductor chips country is visiting double digit growth in demand in China second hand car market.

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China Used Car Market Performance and Outlook to 2027-COVID-19 Impact Assessment

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  1. China Used Car Market Performance and Outlook to 2027-COVID-19 Impact Assessment Makreo Research and Consulting

  2. Executive Summary Used car market in China is experiencing year on year growth and after the virus outburst and shortage of semiconductor chips country is visiting double digit growth in demand in China second hand car market. Economy of China: China was the only major economy to grow in 2020, although at its slowest pace in decades, with a 2.3% growth. According to the National Statistics Bureau, the country's GDP increased by 6.5% in the fourth quarter of 2020, outpacing the 6% growth rate seen at the end of 2019, before the coronavirus gained strength

  3. Positioning of Used car market in China Automobile Industry China is one of the world's largest auto marketplaces, producing more than half of all automobiles worldwide. China is leading as the world's largest used car market and the world's largest automobile producer. Used cars are sold in China are mainly by organized dealerships, unorganized, independent dealerships, and internet sites like Guazi.com, Uxin Group (xin.com), Renreche (renrenche.com), Souche.com, and others.

  4. Key Questions Answered How China used car market has fared in the past and what is the present scenario? What are the key variables impacting the China Used car market growth covering both micro level and macro level assessment? How China economy is performing after the virus outburst and what is the stage of development of China used car market? Where China is placed in global trade and also discuss the present state of used car trade market? How China automobile industry is performing despite of global economy slump? Was COVID-19 an opportunity for the China used car industry or a threat? ● ● ● ● ● ●

  5. Scope of the Study The following synopsis is based on the report "China Used Car Market- COVID-19 Impact and Outlook to 2027" published by Makreo Research and Consulting. The report delves deeply into various parameters of China Used Car market such as market size, segmentation, value chain analysis, and industry cause and effect analysis. The study includes market dynamics that provide an understanding of industry opportunities, driving forces, major challenges impeding growth, and an analysis of future opportunities that may help market players capitalise on untapped business potential in the specific geography. Review our other publications on Used car industry https://www.makreo.com/automotive-transportation/used-vehicles

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