Core Insights - The second-hand car market for Xiaomi has seen a significant decline, particularly for the SU7 model, which is now priced as low as 150,000 yuan, with the SU7 Ultra experiencing the largest drop in value [1][3] - The average price of the Xiaomi SU7 in the second-hand market is currently 207,000 yuan, reflecting a decrease of over 7,000 yuan compared to the previous month [1] - The depreciation rates vary significantly based on mileage, with newer cars (under 100 km) priced about 20,000 yuan lower than new cars, while vehicles with over 20,000 km have depreciated by more than 80,000 yuan [1] Group 1 - The SU7 Ultra has depreciated more rapidly, with its average price now at 412,000 yuan, down over 100,000 yuan from its initial price of 530,000 yuan [3] - Some second-hand SU7 Ultra vehicles with around 10,000 km have seen price drops exceeding 150,000 yuan [3] - In contrast, the YU7 model has experienced relatively minor depreciation, with new cars dropping less than 10,000 yuan [5] Group 2 - Previously regarded as a "financial product," Xiaomi's cars are now seen as difficult to sell, with dealers struggling to find buyers even at a loss [5] - Xiaomi's automotive division achieved over 410,000 deliveries in its first full year, surpassing its annual target by 117%, with the SU7 being the best-selling sedan above 200,000 yuan [5] - The YU7 has also performed well, leading the mid-to-large SUV sales charts and delivering over 150,000 units in six months, which is 2.3 times the delivery volume of the SU7 during the same period [5]