BEIJING—After a decade-long surge in sales that made it the world's largest new-car market, China appears ready to take its next major step: creating a modern market for used cars.
China's auto industry is so new that there are few used-car businesses today and little involvement by big dealers. Buyers and sellers now meet at stadium-size, open-air markets, some with luxury-car sections.
That's about to change with used-car sales likely to reach 4.1 million vehicles this year, up 7% from last year, according to an estimate from Daimler AG's Mercedes-Benz.
In response, auto makers including Daimler, Nissan Motor Co. and ...
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