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Core Viewpoint - The emergence of "zero-kilometer used cars" in the market has sparked discussions, indicating a trend where new cars are registered but quickly sold as used cars, often without significant usage [1][3]. Group 1: Definition and Background - "Zero-kilometer used cars" refer to vehicles that are registered but have minimal usage before being sold as used cars, a term that has gained popularity in recent years [1][3]. - This phenomenon has historical roots, initially associated with the export of new energy vehicles under the guise of used cars, also known as "parallel export cars" [1][3]. Group 2: Market Dynamics - The increase in zero-kilometer used cars is attributed to manufacturers' excessive focus on sales and the inventory pressure faced by dealers [3][4]. - The average inventory warning index for Chinese car dealers was 57.26% in the first five months of the year, peaking at 62.3% in January, indicating significant inventory challenges [4]. - The shift from a seller's market to a buyer's market has pressured manufacturers and dealers, leading to excess inventory that eventually becomes zero-kilometer used cars [4][5]. Group 3: Reasons for Selling New Cars as Used - Dealers often need to convert unsold new cars into cash, leading them to register these vehicles and sell them as used cars [4]. - Some dealers rush to register cars before policy deadlines to qualify for manufacturer subsidies or bonuses, contributing to the rise of zero-kilometer used cars [5]. - Special circumstances, such as financial issues faced by leasing companies, can also result in new cars being sold as used after registration [5]. Group 4: Consumer Insights - Approximately 80% of zero-kilometer used cars are sold directly to end consumers, with the remainder purchased by professional dealers [5]. - Consumers are advised that as long as a vehicle is registered, it is considered a used car, regardless of mileage, and zero-kilometer used cars may offer better quality than those with higher mileage [5][6]. Group 5: Market Impact and Regulation - The proliferation of zero-kilometer used cars could exacerbate competition in the already challenging automotive market, affecting both new and used car pricing structures [6]. - Regulatory bodies have begun to take notice of this trend, with discussions held among industry stakeholders to address the implications of zero-kilometer used cars [6].