Core Insights - The penetration rate of new energy vehicles (NEVs) in China surpassed 50% for the first time in October 2025, marking a significant shift towards electric vehicles as the dominant market force [1] - In October, the production and sales of NEVs reached 1.772 million and 1.715 million units respectively, with year-on-year growth exceeding 20%, setting new historical records for the month [1] - Cumulative sales for the first ten months of the year approached 13 million units, indicating a sustained increase in market enthusiasm for NEVs [1] Market Dynamics - The price range of 200,000 to 220,000 yuan has emerged as a critical threshold for consumers when choosing between new and used vehicles, as it encompasses both mainstream new energy vehicles and high-end used models [1] - Used cars in this price range offer advantages in terms of intelligent features, vehicle size, and driving experience compared to new cars [1] Competitive Landscape - The top-selling new models in the 200,000 to 220,000 yuan range for October included the Fangchengbao Titanium 7, Xiaomi SU7, and Leap Motor C11, all of which have high-value alternatives in the used car market [1] - For instance, the 2023 model of Li Auto L7 Pro offers superior range and comfort compared to its new counterparts, while the BMW 5 Series New Energy 535Le, originally priced around 500,000 yuan, is available for approximately 230,000 yuan in the used market [1] Consumer Behavior - The trend towards purchasing used NEVs is increasingly viewed as a smart and pragmatic choice rather than a compromise, as the technology stabilizes and the depreciation rates of used vehicles decline [2] - Consumers are encouraged to focus on thorough research and verification when selecting used NEVs, emphasizing the importance of asking questions, inspecting details, and ensuring guarantees [3][5] Recommendations for Purchasing Used NEVs - Utilize reputable platforms like Guazi Second-hand Cars for better pricing and direct sourcing [5] - Engage with AI tools to clarify needs and compare options before purchase [5] - Conduct detailed inspections of vehicle conditions through video checks and ensure comprehensive support during the pickup process [5] - Pay special attention to battery health and consider warranties that provide dual protection [5]