China's Overall Vehicle Fleet Increased 14% in 2013, Used Sales Up
China’s Ministry of Public Security is reporting that China’s vehicle fleet expanded 14 percent last year from 2012, to 137 million vehicles. In ten years, China’s vehicle population has grown by 570%. The total includes 2.5 million buses, 20.2 million trucks and 14.4 microvans. The remaining 100 million vehicles are sedans, multipurpose vehicles and SUVs. Thirty one Chinese cities have vehicle fleets exceeding 1 million vehicles and eight municipalities have more than 2 million cars and trucks registered: Beijing, Tianjin, Chengdu, Shenzhen, Shanghai, Guangzhou, Suzhou and Hangzhou.
At the same time, the China Automobile Dealers Association reports that sales of used cars, trucks and buses in China went up 9% last year from 2012, to 5.2 million units. Sales of used sedans were up 12% while sales of used SUVs were up a whopping 50%. Sales of used commercial trucks and buses were up only slightly.
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