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The "automobile value preservation rate" is not only an important part of the performance-to-price ratio of cars, but also an important parameter for consumers to consider when choosing and buying cars. Value preservation rate refers to the ratio of the price sold to the previous purchase price of a certain model after it has been used for a period of time. Therefore, it has a high reference value for consumers to choose and buy new cars. On the one hand, it can make consumers suffer less losses when buying cars. On the other hand, it reflects the recognition of vehicles in the market to a certain extent. generally speaking, cars have high performance-to-price ratio and high value preservation rate. On June 1, the China Automobile Circulation Association and Jingzhen Evaluation jointly released the report on China's automobile preservation rate in May 2022, which further reflects the changes in the ranking of China's automobile preservation rate under the special circumstances of the domestic automobile market and the epidemic situation of COVID-19.

In the preservation rate of luxury brands, the preservation rate of many luxury brands generally declined in May. In terms of specific breakdown, Porsche, Lexus and Mercedes-Benz ranked in the top three, with preservation rates of 93.5%, 89.2% and 74.7% respectively, all showing month-on-month declines. In addition to these three major brands, including BMW, Audi, Land Rover, Infiniti, Volvo and Jaguar also declined, only Cadillac, Acura and Tesla increased month-on-month, among which Tesla had a larger increase. Tesla's preservation rate was 56.0% in April. In May, it increased to 57.5%. It should be noted that Tesla's preservation rate is still low.

(source: China Automobile Circulation Association)

Due to the spread of the epidemic and the shortage of spare parts, the overall car market has been hit hard, and the luxury car market is one of the hardest-hit market segments. Circulation Association analysis said: "in the first-tier cities' press the pause button 'case, the luxury brand marketing action significantly reduced." On the other hand, the financial pressure of second-hand car dealers this month has also made used-car transactions of luxury brands focus more on speed rather than profit, which has a certain impact on the preservation rate of retail value. Individual brands have seen price increases, but their share of the secondary market is relatively small.

In the ranking of the preservation rate of mainstream overseas brands, Japanese brands rank relatively high, with Toyota, Honda, Mitsubishi, Mazda and Nissan ranking first to fifth respectively, with Toyota and Honda all in the first echelon of the preservation rate. Toyota ranked first with a preservation rate of 78.7%, regaining the top spot, while Honda fell 0.4% to second place. But overall, with the exception of Toyota brands, the preservation rates of the top five brands all showed a downward trend. In addition, Volkswagen firmly ranked sixth, with the preservation rate unchanged, with Hyundai, Buick, Skoda and Chevrolet growing month-on-month. The Circulation Association said: "the preservation rate of joint venture brands is converging, and after" Liangtian ", the gap between other brands is getting smaller and smaller.

(source: China Automobile Circulation Association)

The ranking of the preservation rate of independent brands has also changed. The data show that the three-year preservation rate of the 15 independent brands listed in May is more than 60%, the highest preservation rate of Wuling is 69.8%, and the preservation rate of other independent brands is between 66.7% and 60.4%. Among them, the preservation rates of the main cost-effective brands, such as Wuling, Baojun and Qichen, decreased significantly, while the preservation rates of Harvard Motor, Changan Automobile, Lulai Motor, Roewe Motor, BYD Automobile, Red Flag Automobile and Chery Automobile all showed an increase. Among them, the preservation rate of NIO increased significantly compared with the previous month, with a preservation rate of 62.8% in May, entering the Top7 list of independent brands.

(source: China Automobile Circulation Association)

The China Automobile Circulation Association said that the automobile market improved in May compared with April, and automobile production and transportation gradually recovered, but it will take some time for automobile consumption to fully recover, and the automobile circulation industry is still in a depressed range. However, recently, relevant departments have introduced a series of combined fists to boost the automobile consumption market, such as purchase tax relief, new energy vehicles going to the countryside, gradually increasing the number of car increment indicators, relaxing the qualification restrictions for car buyers, and completely abolishing the relocation restrictions on second-hand cars.

According to the China Association of Automobile Manufacturers, according to the weekly report data reported by key enterprises, sales in the automobile industry are expected to complete 1.7665 million vehicles in May 2022, an increase of 49.59% month on month, down 17.06% from the same period last year; and from January to May 2022, sales are expected to complete 9.4573 million vehicles, down 13.11% from the same period last year.

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