[The size of the motor vehicle auction market has hit a new high for eight consecutive years. The average price of second-hand electric cars exceeds that of fuel vehicles] October 20th, "The total transaction volume of the second-hand car market in the first half of 2026 was 638.53 billion yuan, of which the motor vehicle auction transaction volume was 27.213 billion yuan, a year-on-year increase of 32.01%." Recently, Wang Bo, president of the China Auction Industry Association, said at the 4th China Motor Vehicle Auction Industry Conference that the auction transaction volume accounted for 4.26% of the total second-hand car transaction volume during the same period. In 2025, 1.3221 million motor vehicles were sold at national motor vehicle auctions, with a turnover of 53.66 billion yuan, a year-on-year increase of 7.04% and 8.71% respectively. The market size has hit a new high for eight consecutive years. Judging from the transaction price, the average auction price of pure electric vehicles was 51,300 yuan, which was higher than the 38,700 yuan of fuel vehicles. The contribution of new energy vehicles to auction turnover has gradually increased.