The Ministry of Commerce (MOC) will adopt and perfect detailed measures to standardize vehicle trade, said a MOC official Tuesday.

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The official said that the new measures which have been or will be promulgated are to deal with the trading of second-hand cars, spare parts, and the recycling of discarded vehicles.

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He noted that the detailed measures will help put the Policy on Auto Trade, which was issued by the ministry recently, into real practice.

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The Policy on Auto Trade, being put into effect since August 10, 2005, outlined the overall principle of vehicle trade and target of government management of the industry.

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He said that the government will introduce competition mechanism into auto trade industry and encourage companies to join in international competition.

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The new policy also attached great importance in the protection of consumers' interests, said the official.

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The official noted that with the rapid development of auto industry in the country, the old policies on auto trade have failed to meet the demand of new situation.

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Statistics from the ministry shows that in 2004, China has become the third largest auto market in the world, with sales volume standing at 5 million units. China now has 27.09 million units of cars, up from 1995's 10 million units. Of the total, 55.3 percent are owned by individuals.