Why are Luxgen 5 used cars so cheap?
1 Answers
Luxgen 5 has an extremely low resale value. In most cases, used Luxgen vehicles cannot be sold after being recycled. Even when they are sold, it's often at a loss. The low resale value of Luxgen is largely due to inherent issues with the product itself. Reasons why Luxgen used cars are cheap: 1. Fuel consumption: The high fuel consumption has long been criticized by the public, leading to Luxgen's low resale value and poor market reputation. 2. Quality: Besides the unacceptable fuel consumption, the quality is also poor. Various component failures, strange noises, and fluid leaks have led to numerous complaints, contributing to the low selling price of Luxgen used cars. 3. Resale value: The five-year resale rate of Luxgen is only about 50%, which is relatively low in the automotive market. The biggest issue with low resale value is the difficulty in selling recycled used cars. If they are to be sold, they can only be offered at a low price, which explains why Luxgen used cars are so cheap.