【保值率】2025年5月中国汽车保值率报告

Core Viewpoint - The report on the depreciation rate of Chinese automobiles aims to reflect the comprehensive strength of brands, including product power, recognition, and reputation, providing important data for future business operations such as repurchase, replacement, leasing, and new car pricing [1][3]. Policy Direction - The recent policy aims to optimize the regulation of motor vehicle environments, addressing issues of fraud in the automotive sector and promoting fair competition, which is crucial in a highly competitive market [4][5]. Hot Events - The central bank's liquidity release is expected to stimulate automobile consumption by providing low-cost funding to automotive finance companies, enhancing their competitive edge over banks while also raising their risk management requirements [8]. Online Vehicle Supply Changes - The supply of used cars is showing signs of fatigue, leading the industry to readjust growth expectations. The ongoing price war for new cars may suppress the activity in the used car market, as older models are not quickly entering the market [11]. Depreciation Rate Overview - The overall depreciation rate is recovering, which helps combat industry internal competition. The price elasticity is significant in both low-end and high-end markets, while the mid-range market faces challenges due to intense competition [14]. New Energy Vehicle Market Changes - Successful case studies, such as those from Hunan Province, highlight the importance of local power systems in supporting charging infrastructure for new energy vehicles, potentially boosting economic activity in central and southern regions [18]. Different Types of New Energy Vehicle Depreciation Rates - The depreciation rate for new energy vehicles remains stable, but the trading volume is low, with 4S stores being the primary channel for used vehicle disposal. The market for used new energy vehicles is still developing, with many vehicles nearing obsolescence [20].