Dongchedi White Paper: Trade-In Programs Drive Automotive Consumption Upgrade, With Over 70% of Replacement Vehicles Priced at RMB 200,000

On March 2, the official automotive trade-in platform DTCar, in collaboration with China Automotive Information & Technology Research Institute (CAITRI), released the “White Paper on Consumer Insights into Automotive Trade-In Programs” (hereinafter referred to as the “White Paper”). The White Paper systematically outlines the comprehensive market transformations and evolving consumer behaviors since the implementation of the automotive trade-in policy, primarily drawing on DTCar’s 2025 vehicle replacement and upgrade data for market analysis. It notes that the trade-in policy has effectively driven automotive consumption upgrades: over 70% of users applying for subsidies via the DTCar platform purchased new vehicles priced at RMB 200,000 or higher.