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Recently, the China Automobile Circulation Association released a report on the preservation rate of cars in July 2019, in which Tesla MODEL S, BYD Tang DM and BMW 5-Series PHEV occupied the top three in the preservation rate of new energy used cars with a preservation rate of 60.9%, 50.8% and 47%, respectively, while the average preservation rate of new energy vehicles in the top 10 fell to 37.7%.

As the new energy vehicle industry is still not very mature, it is a consensus in the industry that the value preservation rate of new energy vehicles is lower than that of fuel vehicles. According to the data, from March to July this year, the average preservation rates of the top 10 used cars of joint venture brands in China were 64.67%, 66.47%, 66.58%, 66.46% and 65.67%, respectively. The corresponding average preservation rates of independent brands are 57.9%, 58.21%, 58.97%, 59.02% and 58.66%, respectively. The average value preservation rate of new energy vehicles in the same period is 39.86%, 39.54%, 38.52%, 38.57% and 37.7%, respectively. Not only is the value preservation rate much lower than that of ordinary fuel vehicles, but also its own value preservation rate has been in a continuous downward trend.

Data show that in the first half of this year, China's new energy sold a total of 617000 new cars, an increase of 49.6 percent over the same period last year, while the sales of new energy used cars reached 570000 in the first half of this year, a high increase of 66 percent. But despite the rise in sales, the value preservation rate of new energy used cars has failed to keep up with the pace of the second-hand car market, and the average value preservation rate of the top 10 models has declined month by month since it reached 44.14% in 2018, falling to 37.7% in July this year.

The reason why the value preservation rate of new energy second-hand cars continues to decline is related to the easy loss of batteries of new energy vehicles. At present, domestic consumers generally believe that the battery performance of new energy vehicles will decline after they have been used for a period of time, resulting in a decline in vehicle mileage to a certain extent. this makes some consumers wait and see to buy new energy used cars. This situation also makes the sales of new energy used cars more difficult than ordinary fuel vehicles, causing many car dealers to regard new energy used cars as "hot potatoes" and are unwilling to develop sales channels for new energy used cars. The reduction of channels naturally affects the transaction of new energy used cars, which further aggravates the sales difficulties of new energy used vehicles, forming a vicious circle, resulting in a continuous decline in the value preservation rate of new energy vehicles.

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