Why is the Honda Lingpai not holding its value?

[LillianaAnn]

New Lingpai three-cylinder versions definitely have low resale value. People are reluctant to buy new three-cylinder cars, let alone used ones. As for the four-cylinder hybrid version, it's important to note that hybrid used cars are different from new ones. Buyers tend to perceive higher maintenance and repair costs rather than fuel savings, leading to lower acceptance and consequently lower resale value. More details about the Lingpai are as follows: 1. Introduction 1: The Lingpai is a new strategic mid-size car under GAC Honda, specifically designed to meet the comprehensive needs of post-80s consumers as a mainstream compact sedan, representing the dream mid-size car for this generation. 2. Introduction 2: The Lingpai has become the second pillar brand after the Accord. The CRIDER R&D team, composed of Chinese and Japanese members, traveled across China and drew inspiration from a dragon wall in Shanghai's Yu Garden, establishing a Chinese dragon design concept. 3. Introduction 3: Since its launch in June 2013, the Lingpai achieved sales exceeding 300,000 units in just one and a half years. It offers four different configurations, equipped with a 1.8L engine paired with either a 5-speed manual or 5-speed automatic transmission.