Hangzhou, Zhejiang Province
Beijing Used Car Trading Market
Mr. Liu purchased a high-end secondhand car in Hangzhou, Zhejiang Province. But now he wants to sell it so he can buy another second hand car. He says secondhand cars are affordable. "When you buy a new car, you have to pay new car tax. And when you want to sell it, you lose money because you sell at a lower price minus the tax." While sales of new cars have been booming, the secondhand car market has grown even faster. Sometimes it just takes a few months for new cars to be sold secondhand. A growing number of car dealers are selling luxury used cars. Beijing Used Car Trading Market is one of them. Some of their used cars go for over one million yuan ,that's over 150 thousand US dollars. Liu Hualin is Deputy manager. "All of our cars are like new. This means they've spent little time in the garage, and have a small mileage." The price of a high-end used car can be hundreds of thousands of yuan cheaper than new.