AutoBeta(AutoBeta.net)06/12 Report--

On June 3, at the monthly situation analysis meeting of China Automobile Circulation Association, Jingzhen released the report on the preservation rate of automobile value in China in May 2019.

In mid-2019, the automobile industry will usher in two deadlines, one is the switch of the sixth national emission standards from July 1, and the second is the transition period of subsidies for new energy vehicles on June 25.

Fuel vehicles and new energy vehicles are both hot and cold, showing a trend of "plummeting" and "soaring" in prices. after switching the six standards, consumers are more inclined to buy national six models and national five models, while new energy models are expected to end the subsidy transition and will quickly raise prices.

Guangdong's preservation rate was significantly higher than that of other regions in May, and Guangdong is also the province with the most active second-hand car trading. The implementation Plan for improving the system and Mechanism of promoting consumption in Guangdong Province was issued at the end of May, which not only relaxed car purchase restrictions, but also stimulated the second-hand car market and enhanced market activity and value preservation.

The figure above shows that the increase in the number of second-hand cars fell in May, and prices showed an upward trend. Among them, the increase in MPV preservation rate was due to the decrease in low-end MPV and the increase in high-end MPV, resulting in an increase in preservation rate. The decline in the preservation rate of medium-sized cars and medium-and large-sized cars is due to the price reduction of luxury cars, which has an impact on the preservation rate.

The picture above shows that with the growth of the age of used cars, the higher the safety brought by the brand, "manufacturer certification of used cars" also plays a certain role in improving the guarantee rate.

From the above picture, it is not difficult to see that Baojun, Changan and Harvard are in the lead, but they are not much ahead of other brands. in addition, the lower the price of the brand, the higher the preservation rate, on the contrary, the higher the price, the lower the preservation rate.

The preservation rate of plug-in hybrid models is basically stable, floating up and down by about one percentage point, the change range of pure electric is relatively large, and the preservation rate has been rising for two months in a row.

New energy second-hand cars are mainly limited by channels. Tesla Model 3 imported cars have just been delivered, domestic cars have also been ordered, and Model S has to be upgraded, resulting in a decline in car prices. Many consumers have the idea of "buying the new instead of the old", which is also the reason.

Finally, let's review the main points of this month's preservation rate:

First of all, the mid-year "deadline", fuel vehicles dropped sharply, the price of new energy vehicles rose.

Secondly, the "cross-regional circulation" of used cars has become more and more convenient, which has also promoted the preservation rate of used cars in active areas such as Guangdong.

Third, "brand value" is an important factor affecting the value preservation rate for older cars.

Finally, in terms of new energy vehicles, the launch of Tesla's new models, including the progress made in China, will affect the preservation rate. The growth of independent brand new energy vehicles still needs A00-class cars to drive.

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