He said that in the second-hand market, sports-utility vehicles had the fastest year-on-year growth of 41.32 percent from January to November, with total sales of 98,000 units, worth 17.91 billion yuan.
"These figures indicate that the demand for second-hand vehicles is also being upgraded along with the trend seen in the new-vehicle segment, which is a signal of the takeoff of the sector," Shen said.
He added that the fact that more financial institutions are showing an interest in the second-hand vehicle business is also helping the sector develop.
More significantly, second-hand cars less than 3 years old saw a market share increase from 18.74 percent in 2011 to 21.79 percent in 2012.
"This will change the original 'old and worn' image of second-hand vehicles, which will definitely drive second-hand vehicle sales," said Shen.
He added that the rapid development of the second-hand business of inland markets in Northwest China and Southwest China also indicates the potential of the sector in the coming year.
The northwest market had the highest month-on-month growth of 38.2 percent in November.
"This year should be a turning point for the second-hand market in China. A mature second-hand market is necessary and essential to support China's new-vehicle sales and the market's long-term development," said Shen.
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