Why are used Roewe 350 cars so cheap?
1 Answers
Roewe 350's current five-year residual value rates in the used car market are 66.07%, 58.40%, 50.62%, 42.95%, and 35.48% respectively. According to statistics from the China Automobile Dealers Association, the average first-year residual value rate for domestic used cars is 70%, and the third-year average is 60%. Roewe 350's first three years are all below these average standards, making it a model with extremely poor value retention. Additional information about Roewe 350 is as follows: 1. The residual value rates of mainstream competitor vehicles serve as an important indicator for consumers to judge cost-effectiveness before purchasing. Besides its poor residual value rate, Roewe 350 previously had no competitive advantage compared to mainstream competitors like the Civic, Corolla, and Lavida, forcing it to rely on significant price reductions to boost sales. This has led to the current phenomenon of Roewe 350 being cheap in the used car market. 2. Cost-effectiveness Roewe 350 is an affordable domestic brand model, and its used car prices are even cheaper. It offers adequate space, comfortable seats, and decent quality—nothing extraordinary but solid overall. However, factors like relatively high fuel consumption and expensive maintenance costs are enough to make most consumers choose other models with better cost-effectiveness.
