China's auto-preservation rate report in September: SUVs are more valuable than cars

The National Day holiday passed and announced the arrival of the fourth quarter of the year. In the last quarter, what new car to buy the most value? The vehicle maintenance rate runs through the entire process from the production line to the end-of-life. It is a reference standard for the value of a car. Recently, the China Automobile Dealers Association released the “Report on China's Automotive Hedging Rate in September 2017”. The association pointed out that in the first three quarters, the domestic auto market (including used cars) has developed smoothly and steadily. In September, with the completion of new car replacements and promotions before the National Day in various branded car companies, a small upsurge in car consumption was created. The expansion of the market for new vehicles and the use of used cars has, to some extent, affected the trend of the preserving value of cars.

[Reporter's observation]

Hedge rate is also a reference factor for car purchase

Cha Seungjun encountered a fancy feature of a new car's appearance or propaganda and boasted that he bought a new car and went home to consumers. Often, they soon regretted that the vehicle's durability was not good, the detail quality was not enough, or they complained about poor performance and opened up in a bad mood. Dealing with the car again found it cheaper to sell than others. The old car protection rate represents the durability and market popularity of a car. The hedge rate is higher than the market's overall consumer usage, and it is the usage score for a car. Excluding the excess money on hand, buying cars is only a group of consumers who are greedy and fresh. Most people buy cars are spent for three or five years or even longer, so you must consider carefully when buying a car. The vehicle maintenance rate is a reference factor for buying a car that is more worthy of reference than the crash test result and official fuel consumption figures. After three or five years of use, you have a new car with better economic capabilities. You find that your old car is rushing and the asking price is higher than other cars of the same class. You will find out once again how good your eyes are. !

[preservation rate distribution]

The German Dezhou Department "dominated"

SUV's own brand "battle"

When it comes to the value of vehicle model maintenance, it will inevitably depend on the circulation of used cars. At present, the second-hand car e-commerce business is booming, driving the domestic used-car market to expand again in September. According to the survey conducted by the Association on Internet vehicles, the entire network of vehicles reached an unprecedented 739,622 units in September, an increase of 5.94% from August, which is inextricably linked with the re-generation of new models. Nearly 740,000 vehicles have also laid a solid foundation for the development of used car e-commerce.

From a city-level perspective, the value-preservation rates of all city-level vehicles in September rose slightly. Among them, the first-tier and second-tier cities maintained an increase in the value-in-margin ratio, the third and fourth-tier cities maintained a greater rate of increase, and the third-tier cities even reached 0.4. Percentage. It can be seen that the second-hand vehicle trading in the third-tier cities is relatively stable.

From a time-sequencing point of view, after experiencing a slump in seven or eight months, the value-preservation rate of all-level models began to rebound in September. Among them, the value-in-grade ratio of compact and medium-sized SUVs increased by 0.4%, and the value-preserving ratio of medium-sized cars and compact SUVs. The rebound was particularly noticeable, reaching 0.5%; the environmental growth rate of the other types of vehicle models was between 0.2% and 0.3%.

The association pointed out that if the car market is the arena of Germany and Japan, the SUV market is a T-station of its own brand. The small SUV market is a newly emerging market segment in recent years. Therefore, most models have a short time to market and many have been under three years. Note that the preserving value of vehicles in the report released by the association for less than 3 years is the predicted value. This level of market competition is fierce, especially in self-owned brands. Although there is a certain gap between self-owned brands and joint-venture models in terms of value-preserving rate, its high cost performance makes the autonomous models active in the circulation of new and used cars. Among them, Tiggo and Zotye 5008 The CS35 used car circulation ranked the top three, and other domestic models also had a high degree of liquidity.

【Background information】

The hedge rate data in this report all refer to the wholesale price of vehicles aged 3 years. The report is divided into small cars, compact cars, medium cars, medium and large cars, compact SUVs, medium-sized SUVs, and medium and large-sized SUVs. It has passed the big data such as the transaction price of used cars, inventory changes, and new car prices in September. Analysis was conducted to compare the maintenance rate of each model, the circulation of second-hand cars, and the transaction activity of each city.

[three years of car protection rate status]

SUV protection rate up to 79%

The reporter noticed that after the vehicle was used for three years, the maximum value-preserving rate was 79.1%, which was created by the Japanese SUV FAW Toyota Prado. The SUVs such as Highlander and CR-V are also used in the “smart” market with a hedge rate of nearly 70%. They are based on a new car with a 150,000 yuan new car price. They can still be sold in Guangzhou after three years of use. A high price of 100,000 yuan. Judging from the three-year hedge rate for all models, with the continuing popularity of the SUV market, the current SUV is generally more prevalent than the sedan.

● Small cars: Fit, POLO and Vios are more valuable

From the point of view of transaction activity, September’s top-ranking small cars are POLO, Fit, and Xiali. Polo and Fit have always been sought after, and the hedge rate is also high, while Xiali’s ranking is inseparable from the three. The strong base of ownership in the fourth-tier cities. In terms of sub-regions, the trading activity of small cars in Beijing increased by the ring, returning to the top spot in regional deals, followed by Chengdu. In September, the small car market maintained a stable performance. The TOP3 models were still Guangben Fit, FAW-Volkswagen POLO, and FAW Toyota Vios. The three-year hedge rates were 58.6%, 57.2% and 55.6% respectively.

● Compact: Jetta, Bora, Sagitar

In the compact car market, Jetta, Polaris and Sagitar still occupy the top three positions in terms of trading volume. Jetta has won the championship with a strong retention rate and a good user reputation. Corolla’s trading activity this month surpassed Yuet’s growth rate and is worthy of world sales. The title of the championship. Geographically, the most active cities for compact limousine transactions are still Beijing and Chengdu. In terms of the value-preservation rate, the compact car market is still dominated by the Volkswagen. There are 5 models with a total of TOP 10, of which golf has a three-year value-preservation rate of 60.5%, ranking first in this category, and Bora ranked second with 59.9%. . FAW Toyota Corolla ranked third in the rate of 59.1%.

● Midsize cars: Magotan, Accord and BMW 3 Series

The medium-sized car is the mainstream model of the domestic automobile market, and it is also a watershed for consumers to purchase cars. Judging from the active trading activity in September, the Germans are still sought after. Magotan and Passat occupy the first and third positions, respectively. The Japanese Accord is also unambiguous and firmly stands second. In addition to Regal and Suo eight, the list was basically divided by the German and Japanese. In terms of specific hedge ratios, Magotan led the mid-size car with a three-year hedge rate of 58.7%, becoming the champion of transaction and hedge rate. The Accord ranked third with a hedge rate of 58.5%, and ranked second in the BMW Brilliance 3 Series, with a hedge rate of 58.3%.

● Medium and large cars: German luxury top three "separate pork"

The geographical distribution of large- and medium-sized car transactions is significantly different. Beijing’s transactions account for one-fifth of the national market. The association pointed out that the value-in-grade rate of this class of vehicles performed well in September. Except that the S80L and the import 5-series maintenance rate dropped slightly, the prevalence of other vehicle systems increased. The advantage of "BBA", the top three luxury cars in Germany, has obvious advantages and has a high market share. The BMW 5 Series, Mercedes-Benz E-Class, and Audi A6L each accounted for the top three, and the three-year hedge rates were 60.2%, 59.9%, and 58.1%.

● Small SUV: Japanese cars dominate

The list of small-size SUVs has become the world's largest Japanese car. The top three all are Japanese cars, imported Suzuki Jimni, Dongmoto XR-V, and Kunimoto Boshi. The three-year hedge rates are 68.1% and 67.1% respectively. 66.3%.

● Compact SUVs: CR-V, Tiguan, RAV4

From the perspective of sales volume, the compact SUV is a booster of the current domestic auto market. Both foreign and domestic brands are riveting to compete in this market. In the SUV trading active list in September, CR-V still occupied the first place. Although Tiguan has stopped production, it still squeezed into the top two with a good reputation. Haval H6 became the third and was the first time this independent brand had won this honor. Regrettably, although H6 is at the forefront in terms of trading activity, it still has a certain gap between its hedge rate and the joint-venture model, failing to enter Top 10 in September. In this month's compact SUV Top Ranking, CR-V still holds the top spot with 66.5%, while Tiguan slightly falls, but it is also followed by 64.7%. RAV4 firmly holds the third place with 63.9%. .

● Medium-sized SUVs: Highlander, Encore, Mercedes-Benz GLK

Due to its product strength, medium-sized SUVs are relatively stable both in terms of their value-preservation rate and trading activity. Highlander has always had no chance of becoming an opponent. The Audi Q5 and Mercedes-Benz GLK are closely following the activity level. It is worth mentioning that the suspension of production of GLK also promoted the use of second-hand cars. After all, there are not many people who have Mercedes GLK feelings. In September, the top-heavy rates of Highlander, Encore, and GLK ranked the top three. The value-added rate of Highlander was much higher than that of the other two models, reaching 70.7%. The remaining two hedge rates were 64.3% and 63.8%, respectively.

● Medium and large SUVs: stable performance

The medium-to-large SUV market has performed steadily under the backdrop of a slower pace of product updates and a specific customer base. The list is relatively stable. Prado, the top spot, is both the top-preserving rate and the trading champion. The hedge rate is as high as 79.1%. Beijing and Chengdu are the two most active cities in the medium and large SUV market. The popularity of the BMW X5 has remained high, so it can be ranked in the top three in terms of trading activity, but its rate of protection slipped significantly in September, barely into the top five, while the Porsche Cayenne, who is also a luxury car, has secured the second place.

●MPV: The most stable value-preserving rate

MPVs are used commercially in China, and the rankings on the sales charts are stable. The overall value-preservation rate is higher than other models. In the MPV market in September, GL8 took the first place with a transaction rate of up to 40.01%, with Odyssey and Ailiyi ranking second and third respectively. Beijing's stability ranks first in the active MPV trading city. The hedge rate TOP list is basically stable. Elfa’s hedge rate fell by 0.4 percentage points month-on-month, but due to the new car price increase, its circulation vehicle maintenance rate has always been strong. It has always been a leading position in this class of vehicles, and GL8 is still stable with its holding capacity advantage. Ranked second in this category, followed by MPVs such as Erica, Odyssey and Touran.

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