The market for used cars usually follows the trends of the market for new vehicles. Lately, in the used market market they are starting to appear and Chinese car brandsalthough their volume remains small for the time being. In the German market, sales of used Chinese cars have almost tripled in 2022, but still represent less than 1% of the total volume of sales.

Most of the sales among Chinese brands are noted by MG, which now belongs to the SAIC group. Brands such as Polestar, DFSK and Maxus maintain small shares, while a slightly better presence records byD and NIO models.

It is worth noting that Chinese used cars are offered at lower prices compared to the average of conventional vehicles. A relatively new MG4 is sold for 24,900 euros, while the average price for a used car in Autoscout24 – according to the study – stands at € 27,753. Despite competitive prices, Chinese used ones need an average of 127 days to sell, a significantly larger space than used cars with internal combustion engines.

Low sales rates are mainly attributed to the reduced recognition of these new brands, but also to consumer reservations about the longevity and the reliability of vehicles. In addition, lack of infrastructure and maintenance costs have a negative impact on demand. Also important is the devaluation of value: for example, the MG5 lost about 20% of its original value within one year, a trend observed in other Chinese models.

Although Chinese cars are at an early stage in the market, their recognition is gradually increasing. Market representatives estimate that in the future demand will overcome the offer, which is expected to lead to increased prices in the market for used electric Chinese cars in Germany and other European countries.