Gu Jia/Shanghai Daily news
Figures from the city's used car industry association show that the minor
increase in trading volume in the past six months is the start of a low season
for the local used car market, reported today's Oriental Morning Post.
The
total trading volume in the first half of the year is 77,265, up by only 0.72
percent over the previous year.
Experts indicate that the
depression in the second-hand car market this year could be a result of last
year's low volumes in the new car market.
Moreover, to ease traffic problems,
the city is working hard to control the increase in the number of
automobiles.
To the delight of dealers, however, the replacement rate of used
cars this year has increased by four percent. And 72 percent of the used
cars are be in used for no longer than six years.