Where to Source Cars for Used Car Business?

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You can source cars from repair shops; establish partnerships with automotive service stores; or purchase from used car markets, though this requires highly professional evaluation skills. Below are the standards for sourcing used cars: 1. Brand: Mainstream major brands have high resale value, while non-mainstream minor brands have low resale value. 2. New car price: If the same model is still available as a new car, the residual value rate of the used car should be calculated based on the price of the new car currently on sale. The more the price of the new car drops, the lower the resale value of the used car. 3. Vehicle popularity: Models with higher popularity retain their value better because they are easier to repair and have cheaper spare parts. Newly launched models still need market validation and generally have average resale value. As market share, popularity, and the spread of positive quality reputation increase, the resale value will gradually return to a reasonable level. 4. Configuration: The price difference between new cars with different configurations is significant, but the difference is minimal for used cars. This is because used cars are purchased for practicality and cost-effectiveness, not for outdated high-tech features from years ago. For new cars, it's advisable to buy mid to low configurations, while for used cars, higher configurations are preferable. 5. Number of ownership transfers: The more times a car has changed hands, the more buyers have reason to question its condition, naturally lowering its resale value. Even if the car's condition is fine, not every owner may have maintained it properly.