Core Insights - The used car market in China is showing signs of recovery, with the resale value of entry-level used cars increasing, indicating a positive market trend [1] Group 1: Market Performance - The total transaction volume of used cars in China exceeded 18.2369 million units in the first 11 months of last year, marking a nearly 3% year-on-year increase [2] - In December, the number of used cars available reached 896,000 units, the second-highest level of the year, suggesting sustained high supply [2] - The upcoming traditional peak season for used car consumption, combined with ongoing replacement subsidies, is expected to further boost market activity [2] Group 2: Resale Value Trends - The resale values of small cars, mid-sized cars, and mid-sized SUVs showed significant recovery in December, with rates at 53.7%, 50.4%, and 49.6% respectively [3] - The resale value of luxury brands stabilized due to reform measures, with German luxury cars maintaining resale values above 50% [3] - The report indicates a price differentiation trend among mainstream overseas brands, with Honda, Toyota, and Volkswagen maintaining resale values above 51%, while Mitsubishi and Chevrolet fell below 44% [4] Group 3: Domestic Brands and New Energy Vehicles - Domestic brands have seen a significant rise in market share, surpassing 70%, but their resale values remain mixed, with many brands around 45% [4] - The overall resale value of new energy vehicles (NEVs) remains low, below 45%, with plug-in hybrids and pure electric vehicles at 42.7% and 42.4% respectively [5] - The low resale value of NEVs is attributed to market dynamics, including consumer expectations regarding product updates and subsidy policy changes [6] Group 4: Future Outlook - The implementation of new national standards for electric vehicle energy consumption is expected to enhance the product quality of NEVs, potentially improving their resale values [6][7] - Continuous upgrades in new vehicle technology are likely to shift consumer preferences, which may positively impact the resale market for NEVs in the long term [7]
去年12月汽车保值率研究报告显示 入门级产品价格回升
Zhong Guo Jing Ji Wang·2026-02-03 01:32