As of May 7, 2026, the global used car market policies have continued to tighten, domestic consumption subsidies have been implemented, and combined with a high increase in exports in the first quarter, the industry has shown a pattern of "strict outside and warm inside".

1. Domestic policies

Chongqing launched special consumption subsidies for used cars in May

On May 1, 2026, Chongqing City Commerce Commission officially launched a second-hand car consumption subsidy, making it the country's first provincial-level policy to directly subsidize second-hand cars. The policy is clear: Individuals who purchase second-hand passenger cars with a unit price of more than 20,000 yuan will be subsidized at 1.5% of the invoice amount, up to 4000 yuan, ending on January 10 of the following year. nbsp; China Automobile Dealers Association estimates that this policy will increase local used car trading volume by more than 5% month-on-month; Xi'an and Chengdu High-tech Zone have simultaneously followed up the same subsidy, forming a linkage effect in the western region.

2. Thailand's New Deal in May

Relax the age limit for imported used cars

In early May 2026, the Ministry of Commerce of Thailand recently issued new import regulations to relax the access standards for foreign second-hand passenger cars. Extend the upper age limit for imported second-hand vehicles of ordinary fuel from 5 years to 7 years, and relax the age of used new energy vehicles to 10 years; at the same time, simplify the customs clearance document process, cancel some unnecessary testing materials, and significantly reduce import customs clearance time and costs. After the implementation of the new policy, the export of cost-effective Sino-Japanese and domestic used cars to the Thai market has ushered in new opportunities.

3. Global data

Global market size expands, Asia-Pacific leads growth

On May 4, The Business Research Company released the "2026 Global Used Car Market Report". In 2026, the global used car scale is expected to reach US$345.49 billion, with an annual growth rate of 5.2%; in 2030, it will reach US$418.7 billion. nbsp; In terms of regional performance, the Asia-Pacific market accounts for 37%, making it the world's largest growth pole; the improvement in the circulation efficiency of used cars in China and India has become the core driving force.

Source: Zhuzhou Used Car Export Base

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