Why is the BYD Tang not holding its value?

[LaCamila]

The cost of ownership is too high, and most buyers of used vehicles are looking for small-displacement commuter cars. Factors affecting the value retention rate include: 1. For conventional fuel vehicles: The main factors influencing the value retention rate are inventory, quality stability, maintenance, configuration, and other aspects. The more vehicles there are, the easier it is to find spare parts and the simpler the repairs; the higher the quality and stability of the vehicle, the more economical the maintenance; the higher the configuration, the lower the value retention rate; the cheaper the maintenance and repairs, the better the value retention rate. 2. For new energy vehicles: Due to battery degradation characteristics and public acceptance of electric vehicles, the value retention rate is generally not high, but larger-capacity vehicles have a slightly higher value retention rate. For example, Tesla's value retention rate is much higher than other electric vehicles. Data shows that the average value retention rate for mainstream new energy vehicles over three years is only 32.31%.