Why Are Used Epicas So Cheap?
1 Answers
Used Epicas are inexpensive because this model has a very low resale value, with the residual value dropping below 50% by the second year after purchase. Here are the reasons why used Epicas don’t hold their value well: Brand Power: Chinese car buyers place great importance on brand reputation. However, the Chevrolet Epica, as a mid-size sedan, faces strong competitors in its class, such as the Accord, Camry, Magotan, and Passat. Many people may not even be aware of the Epica’s existence. Quality: According to statistics on the number of faults per 100 Epicas over 3-5 years, 30% of the issues are related to the powertrain. Market Share: Generally, the higher a model’s market share, the greater its recognition and resale value in the used car market. The Epica clearly falls short in this aspect.