In December 2025, China’s used new energy vehicle transactions reached 168,800 units, up 8.7% MoM and 36.5% YoY. The China Automobile Dealers Association released the “National Used Car Market Analysis for December 2025” report. Looking at the overall market in December, the national monthly used car transaction volume reached 1.8711 million units, a month-on-month increase of 7.15% but a year-on-year decrease of 1.53%, with a transaction value of 120.672 billion RMB. From January to December 2025, the cumulative used car transaction volume was 20.108 million vehicles, a year-on-year increase of 2.52%, an increase of 493,800 vehicles compared to the same period last year, with a cumulative transaction value of 1,289.79 billion RMB. Monthly Transaction Trend of National Used Vehicles, 2024-2025 From the perspective of segment markets, in December 2025, basic passenger cars accounted for the majority with 1.0273 million transactions, a month-on-month increase of 6.22% but a year-on-year decrease of 5.96%. Next were SUVs with 244,100 transactions, a month-on-month increase of 7.51% but a year-on-year decrease of 4.25%; MPVs had 130,600 transactions, a month-on-month increase of 11.13% and a year-on-year increase of 5.67%. In the commercial vehicle sector, buses had 109,900 transactions, a month-on-month increase of 7.41% and a year-on-year increase of 6.01%; trucks had 161,100 transactions, a month-on-month increase of 6.36% and a year-on-year increase of 7.37%. Transaction Overview by Segment Model for Used Vehicles in December 2025 Report data shows that looking at the overall sales of passenger cars by class, A-segment cars remained the best-selling models, accounting for 48%, a month-on-month decrease of 1.9%. Next, B-segment cars accounted for 24.3%, a month-on-month increase of 1.1%; C-segment cars accounted for 10%, an increase of 1.3% from the previous month; D-segment cars accounted for 2.4%, a month-on-month increase of 0.1%; A0-segment cars accounted for 10.7%, a month-on-month decrease of 1.2%; A00-segment cars accounted for 4.6%, a month-on-month increase of 0.7%. Overall, the transaction share of both A0-segment and A-segment cars showed a declining trend, while all other segments maintained growth. Vehicle Age Analysis for Transactions in December 2025 Regarding the vehicle age of used car transactions, vehicles used for 3-6 years accounted for the largest proportion at 42.97%, a year-on-year decrease of 7.47%. Next were vehicles under 3 years of age, accounting for 28.74%, a year-on-year increase of 2.25%. Used cars with a vehicle age of 10 years or more accounted for the smallest proportion, only 10.88%, a year-on-year decrease of 3.56%. Data shows that the average transaction price for used cars in December 2025 was 64,500 RMB, an increase of 1,400 RMB from the same period last year. From January to December, the average transaction price for used cars was 64,100 RMB, a decrease of 1,400 RMB year-on-year. Looking at the geographical distribution of transactions, the overall market showed a recovery trend. Among them, the Northeast region performed particularly well, with a month-on-month growth rate close to 10%. The growth rates in East China, Central South China, and Southwest China all exceeded 7%. Trend of New Energy Passenger Vehicles in 2025 Now let’s look at the used car transaction situation in the new energy vehicle market. Data shows that in December 2025, a total of 168,800 new energy used cars were transacted nationwide, an increase of 8.7% month-on-month compared to November and a year-on-year increase of 36.5%. From January to December, a total of 1.609 million new energy used cars were transacted nationwide, an increase of 42.5% compared to the same period in 2025. From the analysis of specific vehicle models, the model with the highest transaction volume was still the SUV, accounting for 28.9%; next were A00-segment and A-segment models, accounting for 19.5% and 14.8% respectively. Overall, the proportions of A-segment, B-segment, and SUV models all declined, while all other models showed varying degrees of growth. Model Share in New Energy Vehicles for December 2025 Looking at the vehicle age structure in December, the proportions of models under 2 years and over 6 years increased, while the shares of models aged 2-4 years and 4-6 years decreased compared to the previous month. Among them, new energy used cars under 2 years old accounted for 43.4%, and those aged 2-4 years accounted for 35.4%. Looking at the vehicle price range, new energy used cars priced below 30,000 yuan had the highest transaction volume, accounting for 29%; next were models in the 30,000-50,000 RMB range, accounting for 17.2%. Research shows that in January 2026, enterprises with an inventory cycle within 15 days accounted for 36.8%, a month-on-month increase of 1.4%. Enterprises with an inventory cycle of 15-30 days accounted for 27.5%, a month-on-month decrease of 1.8%. Enterprises with an inventory cycle over 30 days accounted for 35.7%, a month-on-month increase of 0.4%. The average inventory cycle in January 2026 was 43 days, a decrease of 2 days compared to December.