The used truck trading market has evolved from a traditional hub for vehicle sourcing into a comprehensive trading ecosystem that integrates vehicle condition guarantees, export services, financing and insurance, digital matching, and scenario-based supply. China has established several major used truck trading markets, such as the Shandong Liangshan Huatong Used Vehicle Trading Market (with an annual transaction volume exceeding 12 billion RMB and export operations covering 89 countries and regions along the "Belt and Road" initiative), the Hunan Zhongnan Used Vehicle Market (with an annual transaction volume of approximately 6.5 billion RMB), and the Shijiazhuang Ruicheng Used Vehicle Market (with an annual transaction volume of approximately 6 billion RMB).
Original Equipment Manufacturers (OEMs)-such as China National Heavy Duty Truck Group (Sinotruk)-have become deeply involved in the sector. Since 2021, they have established official certification systems for used vehicles; Sinotruk, for instance, launched its first officially certified used vehicle experience store in Liangshan, Shandong. Through rigorous inspection, refurbishment, data transparency, and after-sales service commitments, these initiatives are driving the industry toward greater standardization and regulatory compliance. Within the used vehicle market, mainstream brands tend to retain their value relatively well, benefiting from their extensive user bases and comprehensive service networks.
