Core Viewpoint - Tesla's introduction of limited-time financing options such as "5 years at 0% interest" and "7 years at ultra-low interest" has prompted other brands like Xiaomi, Li Auto, Xpeng, Great Wall, Geely, and Lantu to follow suit, extending the loan periods for new energy vehicles by 2 to 3 years, significantly impacting both new and used car markets [1][2]. Group 1: Impact on Used Car Market - Used car dealers are experiencing a notable decline in demand for Tesla models, with one dealer reporting a drop in inquiries and sales from 7 units in January 2025 to just 2 units in January 2026 [1]. - The financing options provided by Tesla have created a price imbalance, leading consumers to prefer new cars with low down payments over used cars, even if the latter are priced lower [2][3]. - Some used car dealers are responding to the competitive pressure by lowering prices, with one dealer reducing the price of a 2023 Model Y by 1,000 yuan [3]. Group 2: Adjustments by Used Car Dealers - Large used car dealers are implementing their own financing options, such as interest-free loans for certain models, to remain competitive in the market [2]. - Smaller dealers are primarily resorting to price reductions to cope with the impact of Tesla's financing offers [2]. - The introduction of low-interest financing has led to a domino effect, causing price adjustments across various brands in the used car market [4]. Group 3: Market Trends and Valuation - The average resale value of new energy vehicles is significantly lower than that of traditional fuel vehicles, with a reported average depreciation rate of 70% for some models within two years [6]. - The average resale value for new energy vehicles is only 43% after three years, compared to 62% for fuel vehicles, indicating a challenging environment for used car dealers [6][7]. - Despite the depreciation issues, the new energy used car market is still a growth area, with a reported transaction volume of 1.6 million units in 2025, representing a 2.2 percentage point increase from the previous year [7].