Why are second-hand VV7s so cheap?

[McValentina]

VV7 has high usage costs, fuel consumption, and parts prices. Below is a detailed introduction to second-hand VV7s: The resale value of VV7 continues to decline. In the used car market, the resale rates of VV7 for the first five years are 73.51%, 65.09%, 56.93%, 51.22%, and 45.10% respectively, showing a continuous downward trend. The main factors for this decline are the high usage costs and parts prices. VV7 has excessively high fuel consumption. The average fuel consumption of VV7 is 10.4 liters per 100 kilometers. Although it is equipped with a 2.0T turbocharged engine with 360N·m of torque and 172kw of power, its fuel consumption is notably high. VV7 parts replacement is expensive. The vehicle has a high parts-to-whole ratio, making the cost of replacing parts comparable to that of luxury brands. Additionally, the VV7 suffers from issues such as limited rear visibility, slow transmission response during overtaking, and severe interior noise.

[MarianaMarie]

As a seasoned driver of used cars, I've found that the low price of second-hand VV7s is primarily due to brand influence. Great Wall is a Chinese brand and doesn't hold its value like Toyota or Volkswagen. While the new car price is affordable, its value plummets after a few years because market trust in domestic cars is still growing. The fuel consumption is relatively high, reaching up to 12 liters per 100 km in city driving, and increased maintenance costs make buyers hesitant. Early models had reliability issues, such as loud engine noise and frequent minor electronic system glitches, prompting owners to sell quickly. The resale market is oversupplied, with rapid upgrades in new models like the 2020 version driving down prices of older ones. I test-drove a 2018 model—spacious and well-equipped—but lost 30,000 to 40,000 yuan when selling it, and the overall cost of ownership was significant.

[McSteven]

Last year, I scored a great deal on a used VV7. Why was it so cheap? Firstly, the new car was priced low to begin with, starting around 150,000 yuan, and the brand hadn't fully established itself in the premium segment yet. Secondly, there's a surplus of supply in the used car market, but demand is just average—many are concerned about the high fuel consumption, as commuting in the city can burn through quite a bit of gas money. Insurance costs are also on the higher side, as insurers worry about repair risks, leading to increased premiums. After six months of actual use, I find it comfortable and spacious, but minor issues like the navigation system freezing have resulted in hefty repair bills. While I saved a lot buying it, I have to anticipate low resale value—the 2017 model is now worth only half its original price. Fierce competition from new cars like the Geely Lynk & Co has also dampened demand for used models.

[Deborah]

Having repaired cars for over a decade, the VV7 is commonly seen at low prices in the used car market. Early models suffered from poor engine and transmission matching, with urban fuel consumption averaging a high 11-12 liters; parts are cheap but require frequent repairs, and electronic modules like the AC controls often fail, leading to high return rates for fixes; new car prices drop quickly, with the 2018 model now severely depreciated; insurance costs are high due to increased accident probability; owners burdened by maintenance costs often sell at low prices.

[DelPreston]

I'm a budget-conscious buyer, and the used VV7 is reasonably priced due to its low new car residual value. A three-year-old model may lose half its value, while other SUVs like the Honda CR-V hold their value better. Reasons include higher fuel consumption, costing an extra two to three thousand in fuel annually for city driving; higher maintenance costs due to brand trust issues, averaging an extra thousand or so per year for minor repairs; continuous price drops in the new car market, with new models like Changan impacting demand for older versions; and relatively high insurance costs affecting resale value. Buying one can save you a lot of money while enjoying premium features, but be mindful of long-term ownership costs. It's advisable to sell it promptly to avoid further depreciation.

[VonLondyn]

As an automotive enthusiast, the low second-hand price of VV7 reflects brand growth challenges. Launched in 2017 as a premium domestic attempt, initial issues like excessive fuel consumption and reliability complaints hurt its reputation, leading to poor residual value; rapid model iterations meant the 2020 facelift naturally devalued older versions; while spacious design and luxurious interior attract budget-conscious buyers, its resale value lags behind joint ventures like Toyota RAV4; oversupply and weak demand in the used car market further depress prices; high maintenance costs also reduce resale appeal.