April 2025 China Automotive Depreciation Rates: Online Used Car Supply Increased by 22.8% Year-on-Year
According to the China Automotive Association and the China Business Industry Research Institute, the supply of used cars has experienced rapid growth for two consecutive months, reaching record highs since the beginning of 2025. In April 2025, the online inventory of used cars reached 780,500 units, marking an 8.9% increase from the previous month and a 22.8% increase compared to the same period last year.
The data indicates that depreciation rates improved across several market segments, particularly focusing on mainstream models within the sedan and SUV categories. However, both entry-level and high-end models saw a decline in their depreciation rates.
In the new car market, plug-in hybrids have achieved a high penetration rate, reflecting the overall trend in the automotive market. The acceleration of vehicle exchanges has led to faster elimination of older cars in 2025. The pricing of electric vehicles remains relatively stable, with gradual depreciation being the norm in the used car market.
For more information, please refer to the 2024-2029 China New Energy Vehicle Industry Research and Development Trends Report published by the China Business Industry Research Institute. The institute also offers industry big data, intelligence reports, white papers, feasibility studies, industrial planning, and investment guides.
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