Instead of “pruley”: how China wants to flood Asia and Africa with its used cars

The sales of new cars in China are amazing: for comparison, in Russia last year 1.6 million cars were sold, and in China in September 2018 alone they were bought over 2 million. The total annual result in 2017 amounted to – just think about it – almost 29 million units! And given the pace of sales, even taking into account the “low base”, that is, an extremely low level of motorization of the country several years ago, the volume of the secondary market is also growing by leaps and bounds. And this means not only economic growth and a good purchasing power of the population, but also the emergence of new issues that simply did not arise earlier. And one of the main things – what to do with used cars?
It would seem that the question is simple: given the volume of production, you can simply expand processing, sending old machines for scrap and remelting. Continue reading →