Recently, the China Automobile Dealers Association released a report on the value retention rate of China's automobiles in March, which collects data from three-year-old vehicles as research samples, including subdivision of vehicle level retention rate, brand value retention rate, new energy value retention rate and other types of rankings.
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Classification by level, the value retention rate of each model
In March, the highest value retention rate of three-year-old used cars were medium and large cars, MPV models, and small cars.
The change in the value retention rate in March showed that the value retention rate of medium and large sedans and medium and large SUVs decreased the most in March, from 60.5% in February to 58.9% and 65.3% in February to 64.7%, respectively, and the value retention rate of medium and large SUVs decreased from 64.4% to 62.5% in February.
The value retention rate of compact SUVs increased from 57.9% in February to 58.1% in March, and the value retention rate of MPV models was the most stable, with a value retention rate of 64% in February and 64.1% in March.
Based on the data of the Circulation Association, the table was made
Luxury brand retention rate
In March, the top 10 luxury brands with a three-year vehicle retention rate were: Porsche with a retention rate of 77.4%, Mercedes-Benz with a retention rate of 68.3%, Lexus with a retention rate of 67.5%, BMW with a retention rate of 63.6%, Audi with a retention rate of 59.7%, Land Rover with a retention rate of 58.9%, Lincoln with a retention rate of 56.8%, Tesla with a retention rate of 56.7%, Cadillac with a retention rate of 53.8%, and Volvo with a retention rate of 52.7%.
The retention rate of the top luxury brands is relatively stable, and the three-year vehicle age retention rate of Porsche, Mercedes-Benz, Lexus and BMW has increased to varying degrees compared with February, and the retention rate of other brands has decreased compared with February.
Based on the data of the Circulation Association, the table was made
Joint venture brand value retention rate
In March, the top 10 joint venture brands with 3-year vehicle age were Honda, Toyota, Ford, Buick, Kia, Volkswagen, Nissan, Mazda, Kosda and Hyundai, and their value retention rates were 64.2%, 63.5%, 57.4%, 56.8%, 56.7%, 56.5%, 56.2%, 54.9% and 54.8% respectively.
Japanese cars occupy the top two in terms of value retention, and only Toyota and Honda have a three-year car retention rate of more than 60%, and in the top 10, Toyota and Ford have increased their value retention rates compared with February, Toyota has increased by 0.4%, Ford has increased by 0.9%, and other brands have declined to varying degrees.
Based on the data of the Circulation Association, the table was made
The value retention rate of independent brands
In March, the top 10 joint venture brands with 3-year vehicle age were Trumpchi, Lynk & Co, Wuling, Changan, Haval, Geely, MG, Roewe, BYD and Chery, with value retention rates of 64.8%, 59.2%, 58.7%, 58.7%, 58.5%, 58.4%, 56.9%, 55.5%, 55.4% and 55.2% respectively.
Due to the price war of independent brands in March, it directly affected the second-hand car market, and the value retention rate in March decreased compared with February. The three-year car retention rate of 64.8% is beyond my expectations.
Based on the data of the Circulation Association, the table was made
New energy value retention rate
In March, the three-year vehicle age retention rate of new energy vehicles went straight to 50%, the plug-in hybrid value retention rate was 53.8%, and the pure electric value retention rate was 52.5%.
Due to the rapid replacement of new energy models, the price of power batteries has dropped sharply, and the lithium mine has dropped from four or five hundred thousand tons a few years ago to about 110,000 tons, which has fueled the power of new energy vehicle companies to fight the price war, and the value retention rate of new energy second-hand cars has also declined violently.
Based on the data of the Circulation Association, the table was made