China plans to ban new cars from being resold within six months after registration
SHANGHAI (Reuters) -China’s industry ministry is planning to ban the resale of new cars within six months after their registration, an industry association publication said on Saturday, in an attempt to address sales of zero-mileage used cars.
Auto Review, a publication run by the China Association of Automobile Manufacturers, reported the move in an editorial published on its WeChat account. It said that the China Automobile Dealers Association, another industry group, had separately proposed a code system for exports of used cars.
The editorial added that Chery and BYD (SZ:002594), were among the companies that were planning to hold dealers accountable for violations, including licensing cars before they are sold.
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