The "April 2025 China Automobile Depreciation Rate Report," issued by the China Automobile Dealers Association, reveals that in the April used car market for 3-year-old vehicles, depreciation rates in segmented markets such as MPVs and mid-to-large vehicles have shown improvement. However, the depreciation rate of plug-in hybrid vehicles has taken a turn, decreasing notably. The volume of used car sources surged by nearly 24% year-on-year, reaching 780,500 units. Specifically, the depreciation rate of plug-in hybrid vehicles plummeted by 5.3% month-on-month to approximately 40.1%, marking a record low in recent years. Additionally, the depreciation rate of pure electric vehicles also experienced a slight decline.
