The Chinese market for used light vehicles shrank for the third consecutive month with October volume dropping 5.9 percent to below 1.1 million, according to the China Automobile Dealers Association.
Resurging coronavirus outbreaks in many provinces have not only disrupted normal operations at used-vehicle dealerships, but also hindered sales to other provinces, the trade group said this week.
In October, sales of used multi-purpose vehicles edged up 0.7 percent to some 81,800, but other segments contracted various degrees.
Used minibus deliveries in October tumbled 19 percent to around 27,700 while secondhand sedan sales dropped 6.8 percent to roughly 807,700.
Used crossover and SUV volume dipped 1.9 percent to about 170,200.
In the first ten months, deliveries of used light vehicles industrywide decreased 6.6 percent from a year earlier to 10.7 million.
Due to slowing sales, the average backlog at used-car stores in China rose to a 50-day supply in October from a 49-day supply the previous month, the CADA said.