In 2017, China s automobile sales volume reached 28.879 million units, ranking the first in the world for nine consecutive years.
In 2017, the automotive market maintained a good momentum with a trend of "new steady and fast". "New steady" refers to the new car market to maintain steady development. In 2017, China sold 28,879,000 vehicles, an increase of 3% over the same period of last year, setting a new record high for the ninth consecutive year. The automobile consumption structure was further adjusted and optimized. The sales growth of new energy vehicles reached 53.3% and the market share of own-brand passenger cars increased by 0.7%. "Old fast" refers to the second-hand car market to maintain rapid growth. It is estimated that the transaction volume of used vehicles will exceed 12 million units in 2017, an increase of about 20% over the same period of last year.