New policies on cards to spur used car sales

China's second-hand vehicle market is expected to get a new lease of life with a slew of policies likely over the next few months, thanks to the record sales of new vehicles in the past few months and the stimulus measures announced by the central government.

"The long-expected policies will come out soon, which will regulate and encourage the second-hand vehicle trade in China. The era of second-hand vehicles is coming," said Shen Rong, deputy secretary-general of the China Automobile Dealers Association on Friday.