This is evidenced by a study conducted by the Chinese Cars portal.
Thus, experts provide the following comparison. A two-year-old Toyota RAV4 crossover (2019 model year) loses 28% of its original value, a three-year-old Toyota Corolla sedan (2018) loses 30%, and a four-year-old Land Cruiser Prado SUV (2017) loses 20.5%. At the same time, the body-on-frame SUV Haval H9 drops in price by 20.5% over two years, the Geely Atlas Pro crossover by 10.5% per year, the Geely Coolray crossover by 27% over two years, and the Great Wall Wingle pickup by 23% over two years.
By about a third – that is, at the same level as the aforementioned Toyotas – the value of two-year-old Chery Tiggo 4, Tiggo 7, and Tiggo 8 crossovers, as well as the Haval F7 crossover, decreases (the latter, for example, has a drop of 30.7%).
At the same time, there were some outright excesses: in particular, the Great Wall Poer pickup lost only 8% of its original price in a year.
The authors of the study note that the Chinese market has one feature that, among other things, explains such statistics. It lies in the fact that in China, the main criterion affecting the cost of a car is not mileage, but the year of manufacture, since the vehicle fleet in this country is quite young, and the market itself is stable, so people here quite often change their "iron horses." For this reason, a 5-year-old car in perfect condition can lose much more in value than its "beat-up" counterpart that left the dealership only a year ago.
