After entering 2022, the price increase of Japanese cars seems to be less common than before. Especially Lexus, some models even have discounts for picking up the car.
This has also led to the fact that in the used car market, the prices of Japanese cars are not so strong.
Therefore, there is a view that the value preservation myth of Japanese cars in 2022 has been shattered.
Is that really the case? Let’s take a look at the recently released list of China’s auto value retention rate in 2022.
On October 25, JD Power released the “2022 China Auto Value Retention Rate Research Report”. More than 20 awards have been awarded for all models including fuel vehicles and pure electric vehicles.
Let’s take a look at how the Japanese cars perform.
The top 5 brands in the three-year value retention rate of fuel vehicles are Lexus, Dongfeng Honda, Porsche, GAC Honda and GAC Toyota.
Lexus ranked first with a retention rate of 68.51%, and Dongfeng Honda and Porsche ranked second and third with a retention rate of 63.87% and 63.5%, which were basically the same. GAC Honda and GAC Toyota, two Japanese car companies, both have a value retention rate of around 60%.
Obviously, among the top 5 car brand retention rates, except Porsche, the other 4 are Japanese brands, and Lexus still ranks first with an absolute advantage.
It should be noted that Dongfeng Nissan, which is also a Japanese brand, has a three-year retention rate of only 51.21%, far lower than Toyota and Honda.
Among the independent auto brands, the brand with the highest three-year value retention rate is Beijing Off-Road, with a value retention rate of 53.25%.
GAC Trumpchi and SAIC-GM-Wuling ranked second and third, with three-year retention rates of 52.83% and 51.73%, respectively.
For pure electric vehicle brands, the top three in terms of one-year value retention rate are Tesla, Xiaopeng and Weilai. The value retention rates of these three car companies are all over 70%, far ahead of other pure electric vehicle brands.
After talking about the car brand, let’s take a look at the various levels of fuel vehicles and pure electric vehicles, which models have the highest value preservation rate.
The model with the highest rate of small cars is the Honda Fit, with a three-year retention rate of 63.53%. The Volkswagen POLO’s three-year value retention rate is only 49.34%.
The model with the highest value retention rate for compact cars is also the Honda Civic, with a three-year warranty period of 63.68%. Surprisingly, Mazda Ankersa ranked second in the three-year retention rate, slightly higher than the Toyota Corolla, which came in third.
The model with the highest three-year value retention rate among medium-sized cars is undoubtedly the Toyota Camry, at 64.04%. The other is the ranking of the three-year value retention rate of luxury cars. The first place is the Lexus ES, with a value retention rate of 68.08%.
The three-year value retention rate of SUV models, the first small car is the Honda XR-V, the first compact car is the Honda CR-V, and the first medium car is the Toyota Highlander.
There are only medium and large cars and luxury SUVs, and all German cars take the first place. These two cars are the Volkswagen Touran and the Porsche Macan.
The three-year value retention rate of MPV models, the first place is not Buick GL8, but Honda Elysin. The value retention rate of Honda Allison is 67.55%, and the value retention rate of Buick GL8 is 60.57%.
For pure electric models, there are only four models with a one-year value retention rate of more than 80%, namely Wuling Hongguang MINI EV, with a value retention rate of 85.33%; Tesla Model X, a value retention rate of 84.61%; Xiaopeng P7, a value retention rate of 82.46%; BYD Han has a retention rate of 81.74%.
After reading this report on car value retention rate, I wonder how those people who shouted that the myth of Japanese car value retention rate was shattered every day would feel?
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