China's used vehicle market has resisted a broader slowdown in the country's auto industry, with resale transaction volumes equaling new car retail sales for the first time in the first five months of 2026, and secondhand new energy vehicles emerged as the key growth driver.

China's used vehicle market has resisted a broader slowdown in the country's auto industry, with resale transaction volumes equaling new car retail sales for the first time in the…

Competitive pricing from Chery, Haval and GWM led to jump in new-car registrations, but a correction is under way