After the new policy is implemented in 2026, zero-kilometer used cars will almost become a thing of the past. The 180-day registration period will lengthen the waiting time for customers and also cut off the possibility of most car dealers stockpiling cars. “Buying a car requires funds, which means that money will be tied up for six months, and most car dealers cannot do that,” said a foreign trade merchant.
It is predicted that by 2026, at least half of the approximately 3,000 companies engaged in the used car export business will be forced to exit the market. The surviving car dealers will either transform into pure used car exporters or go through official authorized channels of OEMs.
Shifting to a pure used car export strategy is the choice of most foreign trade companies. Especially in regions like Russia, Central Asia, and Africa, Chinese used cars, with their high cost-performance ratio, are highly competitive. According to 21st Century Business Herald, Chinese used cars already account for about half of the import share in Central and North Asia.
