Why Are Used MG 3 Cars So Cheap?

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The resale value of the MG 3 is relatively low. The MG 3 is a compact sedan under the MG brand, currently produced and sold domestically by SAIC Motor. The five-year resale rates for the MG 3 in the market are 63%, 55.45%, 47.72%, 42.25%, and 37.71% respectively. Here is more information about MG: 1. Brand History: MG is a British-born automotive brand. In 2005, Nanjing Automobile Group acquired all of MG's brand and technology; in 2007, Shanghai Automotive Industry Corporation (SAIC) merged with Nanjing Automobile Group, making MG a brand under SAIC, which it remains to this day. 2. Market Positioning: MG primarily targets young consumers in the mid-to-low-end market, with its product designs following a sporty style, which is currently mainstream.