Market Share of China Used Car Industry
The Chinese Used Car Market is fragmented and is occupied by online players and company-operated used car dealers. The major players include Guazi, Uxin Group, Renreche, Souche, CAR Inc, and others. Online dealers of used cars compete on a variety of factors, including the number of cities they serve, the number of value-added services they offer, the number of quality checks they conduct before selling automobiles, and the inventory of vehicles. They offer a variety of services, including vehicle inspections, consulting, financing, and insurance for vehicles, as well as door-to-door delivery and after-sale services.
While Uxin Group has more than 200 offline outlets to offer its customers after-sale services, Guazi offers its services in more than 200 cities across China. In China, Renrenche is present in more than 80 cities. The Chinese used car industry is dominated by several of business models, including C2C, B2C, C2B, B2B, and C2B2C.
China Used Car Market Leaders
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Guazi
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Uxin Group
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Souche
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Renreche
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CAR Inc
*Disclaimer: Major Players sorted in no particular order
