Top 10 game-changing auto industry events in 2016

China Daily/ | 2017-01-10 06:30

Policy lifts ban on cross-province trade

Top 10 game-changing auto industry events in 2016

Customers look at vehicles at a used car auction in Jilin on July 15, 2016. [Photo/China Daily]

China released an eight-article guideline on March 25 demanding that cities outside the Beijing-Tianjin-Hebei, Yangtze River Delta and Pearl River Delta regions lift their bans on used cars being imported from other regions by May 31. The ban, which was in place in about 300 cities, has long been seen as a major obstacle to trading in used cars. However, the ban has not been removed in some cities until this year. Experts scaled back their original estimate of 2016 used car sales to 10 million from 11 million units. A total of 9.4 million used cars were sold in 2015.

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