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Recently, the China Automobile Circulation Association released the "2020 White Paper on the Circulation Development report of China's used car Industry" at its 2020 meeting, detailing the value preservation rate of China's used cars from January to September 2020.

From the perspective of brand preservation rate, the preservation rate of Japanese mainstream brands is still strong. There are five brands with a three-year preservation rate of more than 70%, namely Porsche, Lexus, Toyota, Honda and Subaru, with average preservation rates of 78.79%, 80.70%, 76.54%, 75.21% and 71.41%, respectively.

The preservation rate of German and Japanese brands is generally higher than the market level. except for the top 5 brands mentioned above, the average value preservation rate of Mercedes-Benz brand is 68.18%, Volkswagen brand is 62.88%, BMW and Audi are 61.56% and 60.96% respectively. Japanese brands Nissan and Mazda are about 64%, Isuzu and Suzuki are 63.80% and 62.91% respectively, and the three-year preservation rates of Infiniti, Acura and Mitsubishi are all less than 60%.

The preservation rate of brands in other countries is relatively low. Only Tesla of American brands exceeds 60%. Buick, Jeep, Ford, Chevrolet and other brands are all lower than the market average. Cadillac's three-year preservation rate is 53.27%. Korean brand Genisse and Ssangyong, French brand Peugeot, Citroen and other brands are worried about the value preservation rate, which is greatly discounted three years later.

In terms of independent brands, the value preservation rates of Wuling, Baojun, WEY, GAC MOTOR and Changan are all higher than 60%, while Geely's average value preservation rate of three-year-old cars is 55.95% and Harvard is 58.75%.

In terms of specific subdivision of models, Japanese brands almost dominate the list. In the field of compact cars, the Honda Civic ranks first in the value preservation rate, with a three-year-old value preservation rate of 77.32%. The Honda brand has problems such as throttle and B-pillar collision test, but it does not seem to have much impact on the Civic's value preservation rate. The second and third places are Jed and Carola, respectively, with a preservation rate of 73.06% and 71.88% respectively. With the exception of German Volkswagen brands that stop producing Beetles, mainstream cars are not on the list.

In terms of medium and large cars, the value preservation rate of Lexus ES is very bright, with a 3-year-old car reaching 84.96%. The car has been sold in the market by price increase for a long time, which is also a true reflection of the car's product characteristics and brand premium. In addition, Toyota Crown, Mercedes-Benz E-Class and Lexus GS also have a three-year preservation rate of more than 70%.

Small cars are the only market segment in which Japanese brands do not get the first value preservation rate. Qiya Huanchi ranked first with an annual value preservation rate of 87.74%, beating Feido, Nari and other models. However, from the perspective of the three-year hedging rate, Honda Feido is still the "hedging king", with a three-year hedging rate of 74.87%, exceeding Kia Huanchi's 72.62%.

In the MPV market, Toyota Elfa, the most valuable model, has a value preservation rate of 104.30% in three years, that is, Elfa, which has been driving for three years, can be sold again in the used car market. Of course, if you add the price increase, in fact, the preservation rate of Elfa is not so scary. As for other models, the three-year value preservation rates of Ericsson, Weiting and Sienna models are all more than 80%.

In the first three quarters of this year, due to the epidemic and the influence of the market, the transaction volume of used cars in China was 9.5809 million, down 9.49 percent from the same period last year. However, under the background of increasing policy and market, the second-hand car market may be gradually activated in the future. from the perspective of the whole automobile market, the competition among automobile manufacturers is becoming more and more fierce.

The preservation rate has increasingly become an important index for consumers to consider, and it is the embodiment of the comprehensive level of automobiles. The advantage of models with high preservation rate is to make consumers bear less economic losses caused by product devaluation, and it is also the embodiment of brand premium and product value. Therefore, the three-year value preservation rate of different models has a high reference value for consumers to purchase new cars.

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