Why Are Second-hand Alto Cars So Expensive?
1 Answers
The high value retention rate of the Alto is attributed to factors such as brand reputation, quality reliability, and market circulation volume. In the microcar segment, the Alto has undergone 100 years of development, making it the world's tenth-largest automaker by 2008. Its models are renowned for being economical, fuel-efficient, reliable, and durable. In the small-displacement vehicle category, the Alto is widely recognized as the 'King of Compact Cars' due to its extensive R&D and manufacturing expertise. Additional details about the Suzuki Alto are as follows: 1. Value Retention Rate: Over the past five years in the used car market, the Suzuki Alto's average value retention rates were 68.64%, 60.54%, 54.80%, 48.70%, and 44.73%, respectively. According to statistics from the China Automobile Dealers Association, the average first-year value retention rate for domestic used cars is 70%, and the third-year average is 60%. The Alto's third-year rate is slightly below the average, classifying it as a moderately value-retaining model. 2. Engine: The Alto is equipped with the Suzuki K10B all-aluminum engine, praised in the industry for its high power and low fuel consumption. Significant improvements have been made in its exterior, interior, engine, and configurations, making it at least five years ahead of its peers. With its robust body and affordable price, the Alto has achieved a sales milestone of 500,000 units in China, a trend that continued even after the launch of the new Alto. Given its reputation as the 'King of Microcars,' the phenomenon of high prices for older models in the used car market is hardly surprising.
