According to Ministry of Commerce data, in the first 11 months of this year, the trade-in of consumer goods led to sales of related products exceeding 2.5 trillion yuan, benefiting more than 360 million people. Among them: More than 11.2 million cars were traded in. According to data from the China Automobile Association, from January to October this year, 276.87 million cars were sold. Furthermore, according to preliminary estimates from the Passenger Vehicle Market Information Joint Branch of the China Automobile Dealers Association, retail sales of passenger cars in the narrow sense of the word reached 2.25 million units in November. It is conservatively estimated that in the first 11 months of this year, about 30 million cars will be sold. Based on this calculation, in the first 11 months of this year, the number of car trade-ins accounted for more than one-third of total car sales.

According to Ministry of Commerce data, in the first 11 months of this year, the trade-in of consumer goods led to sales of related products exceeding 2.5 trillion yuan, benefiting more than 360 million people. Among them: More than 11.2 million cars were traded in. According to data from the China Automobile Association, from January to October this year, 276.87 million cars were sold. Furthermore, according to preliminary estimates from the Passenger Vehicle Market Information Joint Branch of the China Automobile Dealers Association, retail sales of passenger cars in the narrow sense of the word reached 2.25 million units in November. It is conservatively estimated that in the first 11 months of this year, about 30 million cars will be sold. Based on this calculation, in the first 11 months of this year, the number of car trade-ins accounted for more than one-third of total car sales.