China Automobile Dealers Association: In October 2024, MPV models will lead SUVs in value retention rate and surpass sedans to rank second

According to the "China Automobile Retention Value Research Report in October 2024" jointly released by the China Automobile Dealers Association and Jingzhengu, there are significant differences in the retention values ​​of various levels of models. Among them, MPV models have the highest retention value in the used car market due to their high-end trend. The retention value of SUVs is generally higher than that of sedans, which is closely related to the deep cultivation of domestic brands in the market segments.

The value retention rate of mid-sized and mid-to-large cars has declined this month. There are more joint venture brand cars, while domestic brands focus more on SUVs, which has increased the value retention rate of SUVs. The value retention rate of new energy vehicles has declined slightly compared with last month.

As the new car market and the used car market enter the peak season at the same time, the "Golden September and Silver October" phenomenon reappears.

New energy vehicles are no longer affected by concerns about supporting facilities, and the overall growth of the second-hand market has also changed the situation in the past where only a few brands were in circulation.

The report also pointed out that as hybrid vehicles gradually replace fuel vehicles, the stability of the hybrid vehicle's value retention rate reflects the strong performance and strong demand for the new generation of vehicle products.

In the used market, originally only a few brands of new energy vehicles such as BYD and Tesla were in circulation, but now products from almost all brands can be seen. This is due to the upgrades and progress of various manufacturers, making the used new energy vehicle market more diversified.

Zikuai Technology