Skip to main content

Complaints come from car owners in China: they allegedly lose more than 20 percent of their price in just four months of ownership. According to the Chinese Cars portal, a local blogger with an audience of more than a million people on Weibo was the first to report the problem. He shared his experience: he bought a Li L8 (this model is also sold in Russia), and four months later he decided to sell it. But it turned out that it would not be possible to do this profitably.

The new Li L8 in the Pro configuration, which was bought by a Chinese blogger, cost 354.8 thousand yuan (4.58 million rubles at today’s exchange rate). For comparison, in Russia such a crossover will cost eight million rubles—that’s how much the model costs at BorisHof dealerships, which previously sold BMWs. During four months of operation, the blogger drove his L8 Pro less than six thousand kilometers, and intended to sell it for 300-320 thousand yuan (3.85-4.1 million rubles).

The dealer to whom the blogger tried to sell the car said that he would not take it at that price, and announced his offer – 280 thousand yuan (3.5 million rubles). As a result, they agreed on 281 thousand yuan, that is, more than 20 percent lower than the original price. The blogger made calculations: it turned out that in four months the car lost 73.8 thousand yuan (almost 1 million rubles), that is, every month of operation it became cheaper by 18.5 thousand yuan (235 thousand rubles).

After this publication appeared on Weibo, there were other owners of Li crossovers who found themselves in the same situation. One of them complained that the price of the Li Auto L7 Max he purchased had decreased by 22 percent – from 360 thousand yuan (4.55 million rubles) to 280 thousand yuan (3.54 million rubles). Another said that he bought Li Auto One for 345 thousand yuan (4.44 million rubles), drove 60 thousand kilometers on it, and now no one wants to buy it even for 150 thousand yuan (1.9 million rubles).

The Chinese Cars portal cites several reasons that could negatively affect the liquidity of Li Auto cars. These include local discounts from the manufacturer, which are unofficially offered in showrooms, spontaneous price dynamics on the secondary market in China, and the growing Li model line – new and more profitable cars are appearing on the market.

There is no information about the liquidity of cars of this Chinese brand in Russia. Currently in Russia you can buy almost all models, these are One, L7, L8 and L9.

“Gray” China: “parallel” new products from China in Russia

Leave a Reply