Foreign Interest in China's Used Car Market Grows
China News
October 14, 2024
South China's Guangzhou City is seeing a surge of international buyers flocking to its used car market, driven by newly relaxed export policies enacted earlier this year. Since March, the number of registered used car exporting companies has ballooned from 21 to over 150. At the city's largest second-hand vehicle market, traders from Africa, Central Asia, and the Middle East are regular customers, showing particular interest in Chinese new energy vehicles.