80% of new energy used cars have a service life of less than two years.

2021/11/12

It was learned at the China New Energy Used Car Development Forum recently held in Guiyang that China's new energy used cars increased by 25% year-on-year in May, mainly concentrated in Class A and below models, and 80% of new energy used cars have a service life of less than two years. The price range is below 50000 yuan.

Dai Qi, director of the New Energy Vehicle Market Research Center of China Automobile Dealers Association, shared the report "Research on the Status and Residual Value Evaluation of New Energy Used Cars. The report shows that in May 2019, China's new energy used cars increased by 25% year-on-year, and compared with the previous three months, the growth began to pick up. Among them, A00 class models accounted for 67.87, A class models accounted for 17.02. The proportion of each model is still the absolute main force, of which the proportion of models below A- class is further increased. The proportion of SUVs increased to 9.3 percent, the proportion of new energy trucks contracted significantly, and the proportion of MPV models changed little. The main sales models of new energy used cars are increasingly concentrated in Class A and below models.

From the price point of view, the price below 50000 yuan is the main sales range of new energy used cars. In May, the proportion of new energy used car price range within 30000 yuan decreased month on month, accounting for more than half of the price range of 3-50000 yuan, reaching 50.29 percent. The overall contraction of models above 50000 yuan was relatively large, with 5-80000 yuan falling to 6.1 percent and 8-120000 yuan falling to 9.14 percent.

In May, the vast majority of new energy used car trading vehicles have a service life of less than two years, accounting for 83.62 percent of total sales, which continued to increase month-on-month, with the proportion of 2 to 4 years falling to 13.57 percent, and the proportion of new energy used cars with a service life of more than 4 years shrinking to less than 3 percent.

In addition, the report also shows that the cumulative global sales of new energy vehicles in 2018 has exceeded 4 million. By 2025, global car companies plan to launch hundreds of new electric vehicle models, increasing the annual sales of new energy vehicles to 15 million, which far exceeds the policy target of governments for 2025.

In the past five years, the global sales of new energy vehicles have two outstanding characteristics: first, its average annual growth rate is as high as 60%, which is twice the growth rate of the same stage of traditional hybrid; second, the promotion volume is mainly concentrated in the four major automobile markets of China, Europe, the United States and Japan, and the sales volume of China and the United States accounts for 2/3 of the global total.

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