Chinese cars lose 40 percent in value in the first year of ownership

For example, a crossover that initially cost 2.5 million rubles will cost 1.5 million in a year. And this is provided that the car is in good condition and has had one owner, writes “Behind the Wheel” with reference to the head of the department for working with importers of Gazprombank Autoleasing, Alexander Kornev. The significant drop in price is due to the fact that Russians are still wary of the “Chinese”.

The residual value of a car is determined by consumer habits, which change slowly, notes Kornev. Therefore, Chinese cars lose on average 40 percent of their price in the first year of ownership, while Japanese and German cars with an established reputation for reliability lose 30 percent each.

In addition, the price of “Chinese” cars is more affected by mileage and defects that appear during operation.

Car dealerships of Chinese brands in Russia began to close twice as quickly German-Chinese gran turismo Haval H7 in Russia: everything you need to know about the new Chinese crossover

At the same time, prices for new Chinese cars are growing faster than Russians’ trust in them. Therefore, some relatively new Chinese cars on the secondary market may be even more expensive than new ones. This, as a rule, concerns popular brands that are well known to Russians from the “Chinese” – Haval, Chery, Geely and Changan. Their value decreases more slowly after purchase.

Previously, experts studied Chinese cars that were imported to Russia about five years ago. During this time, many of them became covered with rust due to the lack of anti-corrosion treatment. JAC, LiXiang, Lifan, Jetour and Dongfeng are most susceptible to this.

In Russia they chose the car of the year. Spoiler: he’s Chinese