Why did GAC Trumpchi GS8 discontinue production?

[DelJeremiah]

GAC Trumpchi GS8 was discontinued due to its low resale value. Below are specific details about automobile resale value: 1. Calculation Method: A car's resale value is calculated based on the original ex-factory price of the vehicle. According to the automotive industry's "10-year depreciation method," the depreciation rate is 15% annually for the first 3 years after purchase, 10% annually for years 4-6, and 5% annually for years 7-10. 2. Influencing Factors: Automobile resale value refers to the ratio of a vehicle's selling price after a period of use to its original purchase price. It primarily depends on multiple factors such as the vehicle's performance, price fluctuation range, spare parts costs, and maintenance convenience. Essentially, it reflects the comprehensive quality trend of the vehicle. Models with high resale value have the advantage of being less affected by price reductions in the used car market, thereby reducing the risk of economic loss due to product depreciation for some car owners.