二手小米SU7，“高保值”难再续

Core Viewpoint - The article discusses the high resale value of the Xiaomi SU7 electric vehicle, highlighting its impressive initial depreciation rates and the factors contributing to its market performance, while cautioning that the sustainability of this high resale value remains uncertain [1][2]. Group 1: High Resale Value and Market Dynamics - The Xiaomi SU7 has achieved a resale value of approximately 96% after one year, with a notable case where a vehicle sold for 28.88 million yuan, only slightly below its original price of 29.98 million yuan [1]. - The high resale value is attributed to successful marketing, high brand recognition, and a long delivery cycle for new vehicles, which has created a perception of value among consumers [4][8]. - The average inventory cycle for second-hand Xiaomi SU7 vehicles is around 60 days, which is longer than the industry average, indicating potential challenges for dealers in maintaining profitability [6][10]. Group 2: Delivery Challenges and Market Saturation - The delivery cycle for new Xiaomi SU7 models is currently estimated at 37 to 45 weeks, leading to a backlog that affects the availability of vehicles in the market [4][12]. - Despite the high initial demand, there are signs that the sales growth for Xiaomi vehicles is slowing down, with recent data showing a decline in weekly sales figures [13]. Group 3: Industry Context and Future Outlook - The second-hand car market in China saw a total transaction volume of approximately 19.61 million vehicles in 2024, reflecting a year-on-year growth of 6.52% [9]. - The transition towards electric vehicles is prompting second-hand car dealers to adapt their strategies, with many betting on the future value of models like the Xiaomi SU7 as they shift focus from traditional fuel vehicles [10].