Is Yiwu used car market formal?

Yiwu used car market is a regular market, and Yiwu used car trading market is a professional market jointly invested by Hengfeng Group and Baofeng Company with the approval of relevant government departments.

The market is located at No.299 Wang Lu Road, adjacent to Yiwu Administrative Service Center and Beiyuan Business District, covering an area of 24,000 square meters, with a building area of 5,550 square meters and 86 business rooms. There are six parking spaces in front of each room, and there are two entrances and exits, namely the east gate and the south gate, with water, electricity, telephone and internet.