Quantitative characterization of microstructural development during deformation enhanced transformation in a low carbon steel was investigated on a Gleeble 1500 machine. General conclusions of the features of austenite transformation kinetics during deformation-enhanced transformation were formulated. It was shown that the process of deformation-enhanced transformation can be divided into three stages according to the characteristics of transformation kinetics: The kinetics equations of two early stages fitted well in J-M-A equation. The kinetics of the first stage obeys Cahn’s site saturation mechanism, with the value of kinetics parameter n of 4. Ferrite nucleates at austenite grain boundaries and triple points during the first stage. Kinetics of the second stage doesn’t obey Cahn’s theory, with the value of kinetics parameter n of 1-1.5, corresponding to ferrite nucleation repeatedly at areas with high stored energy in front of the ferrite/austenite interface. The kinetics doesn’t obey the law of J-M-A equation any more in the final stage, and only few nucleation sites left at this moment.