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Special coverage: Auto China 2006   Related publication:        Related readings: Auto parts industry sees varied profit margins China defends tariffs on auto parts imports Auto parts import grows steadily China attractive to auto parts buyers

Beijing Zhonggu Auction Center, China's largest second-hand auto auction center was inaugurated in early December in Beijing. The first auction the center held recently witnessed a transaction of over 130 vehicles.

Located in south Beijing's Fengtai District, Zhonggu Auction Center is on the second floor of the International Exhibition Hall of the newly renovated Beijing Used Vehicle Trading Market.

The auction center covers an area of 3,600 square meters and can accommodate 1,300 bidders. The center has an outdoor parking space for 1,000 auction vehicles. The center also uses an advanced online auction system and is networked with other dealers across the country, which enables national trading of more than 2,000 vehicles a day.

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The full text is available in the December Issue of AutoChina.

(For more biz stories, please visit Industry Updates)