China News Service, Shanghai, September 1st (Reporter Chen Jing) The "August Used Car Online Auction Data Report" released on the 1st by China's second-hand car online auction platform Tiantianpai Big Data Research Institute shows that the transaction volume of second-hand cars in August The year-on-year increase was rapid, with transaction volume up 43% year-on-year; new energy second-hand car transaction volume increased by 119% year-on-year.

  According to analysis, in recent years, driven by favorable policies for new energy vehicles issued at all levels, the number of new energy vehicles has increased significantly. In addition, since 2021, due to multiple factors such as repeated new crown epidemics and chip shortages, the production capacity of new vehicles has been continuously affected. Restrictions have promoted the sales of new energy second-hand vehicles to a certain extent.

  According to data from the China Association of Automobile Manufacturers, the cumulative sales of new energy vehicles from January to July 2021 is 1.478 million, exceeding the full year of 2020, a cumulative year-on-year increase of 197.1%.

  It is reported that in the past August was the off-season for automobile consumption. The online auction of used cars broke regional restrictions, reduced direct offline contact, realized convenient and efficient high-priced car sales across the country, and stimulated the vitality of the national circulation of second-hand cars.

  According to data from the daily car auction report, on the platform, SUV transactions accounted for a 1% increase from the previous month in August.

The proportion of compact cars and medium-sized cars in transactions all declined slightly, and the proportion of small cars, medium and large-sized cars, and MPV models in transactions remained the same month-on-month.

  The big data report shows that the highest price in August was a Rolls-Royce Phantom sold from Xi’an to Shanghai, with a transaction price of 8.05 million yuan; the hottest auction in August was a Lexus GS, which passed before the transaction. 115 bids and auctions; the highest premium ratio is an Audi Q7, and the cross-region premium ratio is as high as 37.6%, allowing car owners to enjoy the benefits of cross-regional car sales.

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