Financial Wire

China's Trade-In Programs Generate 502.94 Billion Yuan in Sales

-- China's consumer goods trade-in programs generated 502.94 billion yuan in sales as of April 12, with nearly 69.8 million purchases benefiting, according to the Ministry of Commerce.

Auto trade-ins have reached 1.7 million units, fueling 269.44 billion yuan in new vehicle sales.

Over 27 million home appliances were traded in, driving 111.09 billion yuan in sales. Digital and smart products added another 122.41 billion yuan from 41.08 million units.

In 2025, the consumer goods trade-in programs generated 2.61 trillion yuan in sales across 366 million purchases.

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