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Polestar suspected of being sold by the second-hand platform 40% off the sales of new cars in three years of sales fell into a "puzzle"

Source of this article: Times Finance Author: Yang Delin

Recently, Times Finance found a lot of information on the sale of Polar star 2 models from a second-hand trading platform, and some models were even sold at a price of less than 60% off. According to the seller, the vehicles sold are all brand new vehicles, and the preferential prices of different models range from 30,000 yuan to 170,000 yuan, of which the most preferential is the 2020 Polar Star 2 premiere version model, which can be discounted by 5.9% on the price of the whole vehicle (plus accessories).

Regarding the source of vehicle channels, some sellers told Times Finance, "We are car dealers, and the vehicles are bought out directly from the manufacturers, and they can be guaranteed nationwide." At the same time, another seller said that if the pick-up location is Shanghai, you can go to the 4S store to sign a contract, and then go to the Polar Star warehouse to pick up the car.

Polestar suspected of being sold by the second-hand platform 40% off the sales of new cars in three years of sales fell into a "puzzle"

Polestar 2 Image Source/Network

On December 17, in response to the above-mentioned Polar Star model discounts, price reduction sales and vehicle channel sources, Times Finance sent an interview to the public relations department of Pole Star Automobile, but as of press time, it has not received a reply.

Some Polar Star models are priced at a 5.9% discount

It is reported that PoleStar is Volvo's high-end electrification brand, founded in 2017 and headquartered in Sweden. At present, Polar Star has launched two models, Polar Star 1 and Pole Star 2, the former positioning the brand flagship coupe, priced at 1.45 million yuan; the latter, as the main sales model of the Pole Star brand, the product sequence on sale includes single motor standard endurance, single motor long endurance, double motor long endurance, priced at 252,800 yuan, 282,800 yuan and 338,000 yuan respectively. In addition, its 2020 debut version is priced at 418,000 yuan.

Recently, Times Finance found on a second-hand trading platform that including the first edition of Polestar 2, 2021 single motor, double motor and other information on the sale of many Polar star models, some models are even sold at a price of less than 40%.

Polestar suspected of being sold by the second-hand platform 40% off the sales of new cars in three years of sales fell into a "puzzle"

Polar Star 2 Discount Sales Information Image Source/ A Second-Hand Trading Platform

According to a seller to the Times Finance revealed that the vehicles sold are all brand new vehicles, of which the most preferential is the 2020 PoleStar 2 premiere version of the model, which can be discounted by 5.9% on the price of the whole car, "the first model in 2020, a total of three configurations, the first model without configuration of 418,000 yuan, the first model to increase the wheel hub of 425,000 yuan, the first model plus kit 460,000 yuan." Now all three configurations can be discounted by 5.9% off the price of the whole car. In other words, a new car of 418,000 yuan is priced at only 246,000 yuan on the platform, which is 170,000 yuan lower than the official price.

As for the price of the newly launched Polestar 2 2021 single-motor model, the seller said that the current price of the car is 252,800 yuan, 282,800 yuan after adding auxiliary or luxury kits, and can be discounted by 2.5% after addition.

As for the problem of warranty and car pick-up channels, the seller revealed, "We are car dealers, and these cars are directly bought from manufacturers and can be guaranteed nationwide." At the same time, the seller also said that these cars can be picked up nationwide, and the pick-up location is in the warehouse.

Subsequently, Times Finance asked other sellers of the platform, and the information obtained was roughly the same as that disclosed by the above sellers, and the vehicles were all new cars, but there was a difference in price. According to another seller told Times Finance, the current PoleStar 2 2021 single-motor model only sells for 228,000 yuan, which is 30,000 yuan cheaper than the official guidance price, and the 2020 first model only sells 265,000 yuan, which is 150,000 yuan cheaper than the official guidance price. The seller revealed that if it is a Shanghai user, you can go to the 4S store to pick up the car, "the contract goes to the 4S store to sign it, and then goes to the Polar Star warehouse to pick up the car." ”

On December 16, Times Finance also saw the information of The low price of Polar Star Automobile in a car exchange group. From the picture information, it can be seen that the low-price sale is the official guidance price of 252,800 yuan for the Polar Star 2 2021 single-motor standard endurance model, after installing a 30,000 yuan luxury optional bag or auxiliary driving optional bag, the current price is less than 200,000 yuan.

At the same time, the Times Financial Survey found that behind the low-priced sale of related models on second-hand platforms, the preferential situation of Polar Star Space in different regions is also different.

Polestar suspected of being sold by the second-hand platform 40% off the sales of new cars in three years of sales fell into a "puzzle"

Polar Star 2 Discount Sales Information Image Source/Network

On December 20, Times Finance consulted the Sales people of PoleStar Space in Beijing and Shanghai, and the sales staff of Shanghai Pole Star Space told Times Finance that Pole Star Automobile is now a directly operated store, and the official guidance price is the price currently sold in the store, and there is no discount on the current national unified price of the car price. "There is no discount on the price of the car, but on the optional kit, there will be some corresponding preferential policies according to the user's choice."

For the online seller said that the vehicle channel is in the manufacturer to take the car, and then go to the 4S store to sign a contract, pick up the car in the warehouse, the sales said that the current Polar Star is directly operated store sales, there is no traditional 4S store, there is no such situation as the manufacturer to take the car. "At present, the users who place orders on the official website are delivering new cars in the recent Polar Star space."

At the same time, the sales said that if they see the news of selling cars online, they need to make a distinction between whether there are second-hand cars or rental vehicles. "Some companies may buy dozens of cars from Polestar on a lease basis, and they may make a re-sale of the vehicle after a period of use, which is the so-called used car."

However, Beijing Polar Star Space Sales told Times Finance that there is currently no discount for the Pole Star 2 2021 model, but the price of the first edition of the 2020 model can be discounted by 6.3%. "The first model of Polar Star 2 now has two existing cars, the official guidance price is 460,000, and now you can give you a 6.3 discount, and the price can be negotiated after entering the store."

The same is a direct sales channel, which should be the most transparent price system, why are the two places different in terms of car purchase discounts? In this regard, Times Finance also interviewed Polar star automobile, but as of press time, there has been no response.

Last year, the domestic insurance volume was less than 400 units?

It is worth noting that behind the low-priced "sale" of Polestar 2 on the second-hand trading platform, the overall market sales of the Polar Star brand are a mystery.

On December 20, Times Finance consulted official channels and third-party auto data networks, and could not find the sales data of Polar Star Automobile. However, according to media reports, the global sales of Polestar in 2020 is only 10,000 vehicles; according to the domestic motor vehicle insurance data, the number of Polestar 1 in 2020 is only 24, while the number of Polestar 2 is 342.

For the aforementioned sales data of Polar Star, Times Finance also interviewed Polar Star, but as of press time, there has been no response.

At present, Polestar is seeking to list on the NASDAQ. In September, Polestar announced plans to merge with Gores Guggenheim, a U.S.-based special purpose acquisition company (SPAC), with a combined valuation of about $20 billion, a deal expected to close in the first half of next year.

At the same time, shortly after the announcement of the listing news, PoleStar Automobile said that it would take Porsche as its main competitor in the future. According to auto motorsport, motor1 and other overseas well-known auto media reports, Polestar CEO Thomas Ingrat has said that the future polar star models will directly compete with Porsche, in the next 4 years, Polestar will successively launch Polestar 3, Polar Star 4, PoleStar 5 three models, respectively, benchmark Porsche's Cayenne (Cayenne), Macan and Panamera (Paramera).

Specifically, polestar 3 is a luxury SUV based on the Volvo SPA 2 platform; Polestar 4 is a high-end sports SUV based on the PMA platform jointly developed by Geely and Volvo; and Polestar 5 is a luxury sports 4-door GT sedan based on SPA 2. It is worth mentioning that all three models have a WLTP service endurance of 600+km.

Polestar also said that with the help of the three new cars, Polestar's global sales will increase from 29,000 units this year to 290,000 units in 2025. However, according to official information, Polar star 3 is expected to start mass production as soon as 2022.

Judging from the current market performance of Polar Star Automobile, whether the brand can be "hard" Porsche as desired may only prove itself after the new Polar Star car enters the market. But how to boost the performance of the Chinese market at present will become a top priority for the brand.

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