Pure fuel vehicles regain a foothold: New energy vehicles still lag behind in terms of resale value

10/18 2024 533

Fast technology news on October 18: Recently, the China Automobile Dealers Association and Jingzhen Gu jointly released the "China Automobile Resale Value Research Report for September 2024".

The report points out that compared with the same period last year, the "trade-in" policy in 2024 is more robust, and the transaction speed of used cars is faster.

In terms of resale value, except for medium-sized SUVs and MPVs, the resale values of other models have declined, but the 3-year resale values of most models still remain above 50%.

Although the resale value of new energy vehicles has increased, it is still below 50%, with a significant gap compared to pure fuel vehicles. Among them, the latest 3-year resale value of plug-in hybrid models is 46.2%, while that of pure electric models is 46.8%.

The generally lower resale values of new energy vehicles compared to fuel vehicles are mainly due to factors such as rapid technological iteration, consumer awareness and acceptance, and infrastructure support.

As consumer awareness and acceptance continue to increase, and infrastructure continues to improve, it is believed that the resale values of new energy vehicles will also rise accordingly.

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