Uxin Ltd., a leading used car retailer in China, has reported its unaudited financial results for the quarter and full year ended December 31, 2024. The company achieved a significant increase in its transaction volume, recording 26,148 units for the full year, up 73.2% from the previous year's 15,099 units. Retail transaction volume also saw a substantial rise, reaching 21,773 units, an increase of 133.8% from 9,314 units in the prior year. Total revenues for the full year amounted to RMB1,814.4 million ($248.6 million), marking a 29.7% increase from RMB1,399.4 million in the previous year. The gross margin improved to 6.8%, compared to 4.8% in the prior year. However, the company reported a loss from operations of RMB284.4 million ($39.0 million) for the full year, slightly higher than the RMB260.1 million loss recorded in the previous year. The Non-GAAP adjusted EBITDA showed a loss of RMB80.8 million ($11.1 million), compared to a loss of RMB177.1 million in the prior year. For the quarter ended December 31, 2024, Uxin's total revenues were RMB596.8 million ($81.8 million), reflecting a 20.0% increase from RMB497.2 million in the previous quarter and a 45.4% increase from RMB410.5 million in the same period last year. Retail vehicle sales revenue contributed RMB553.1 million ($75.8 million) to the quarterly total, representing an increase of 24.5% from RMB444.4 million in the last quarter and a 73.3% rise from RMB319.2 million in the same period the year before. Despite challenges in the Chinese economy and a competitive new car market, Uxin managed to achieve growth in the used car segment, aided by policy support such as trade-in subsidy programs introduced by local governments. Looking forward to 2025, Uxin aims to more than double its retail transaction volume and achieve a positive adjusted EBITDA for the full year.