Why is Volvo so depreciated?

[StZane]

Volvo, as a first-tier brand, has guaranteed sales market share and used car transaction volume, while the sales of second-tier luxury brands are relatively smaller, with lower ownership and used car transaction volume, resulting in lower resale value. Introduction to Volvo: Volvo Group, a Swedish company producing trucks, buses, construction equipment, yachts, and industrial engines, was founded in Gothenburg in 1927. The word 'Volvo' originally comes from Latin, meaning 'rolling forward'. History of Volvo: On February 24, 2021, Volvo Car Corporation and Geely Automobile Holdings Limited jointly announced a merger while maintaining their existing independent corporate structures. Interior of Volvo: The horizontal stylish dashboard design maximizes limited space, authentically presenting the unique Nordic sense of relaxation and harmony. The asymmetrically designed center console allows drivers to operate easily without changing their sitting posture.