A luxury car showroom in Beijing. The ratio of second-hand vehicles to new models stood at 49.1 per cent in 2018, a 6 percentage point growth over 43 per cent in 2017, according to the China Automobile Dealers Association. Photo: AFP

Chinese drivers switch lanes, follow US motorists in buying more used cars

  • Sales of pre-owned vehicles in China jumped by more than 11 per cent last year
  • Chinese consumers are showing increased confidence in second-hand cars
Topic |   Autos

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A luxury car showroom in Beijing. The ratio of second-hand vehicles to new models stood at 49.1 per cent in 2018, a 6 percentage point growth over 43 per cent in 2017, according to the China Automobile Dealers Association. Photo: AFP
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