China

Tesla Model Y Retains Best Resale Value of All BEVs in China

Tesla Model Y Retains Best Resale Value of All BEVs in China

Photo: Tesla Asia

Tesla Model Y retains the best resale value of any other BEV in China, CADA data shows. The car has a one-year retention rate of 88.76%.

Tesla Model Y is for those looking for practicality and great value in a vehicle. The resale value of a car is an important consideration for buyers, car manufacturers, and leasing companies, and Model Y can provide the best.

Tesla's compact SUV is very popular around the world and is on its way to becoming the best-selling vehicle, possibly already in 2023. In the Chinese market, it also shows high recognition. From January to August 2022, 172,418 units were sold there. Model Y is the best-selling premium SUV in China. In addition, Model Y has the highest resale value of any battery-electric car model.

Tesla Model Y has a one-year retention rate of 88.76%, according to a list published by the China Automobile Dealers Association (CADA) on September 15 (via CnEVPost). Just behind it, in second place, is Porsche Taycan with an 88.02% retention rate. The cheap and unsafe Hongguang Mini EV came in third with a one-year value retention rate of 87.55 percent. Tesla Model X came in fourth with 87.05% and Model 3 came in seventh at 83.03%.

© 2022, Eva Fox | Tesmanian. All rights reserved.

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Article edited by @SmokeyShorts; follow him on Twitter

About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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