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Chinese Cars Lose Almost Half Their Value in a Year: Causes and Prospects

... wide range of models, from budget sedans to premium SUVs. Competitive pricing on new vehicles. Expansion of dealer networks. However, the appealing prices of new cars from China do not guarantee stable residual values. For instance: A new 2023 Geely Coolray starts at 3.1 million rubles, but its price plummets to 1.7 million rubles after one year. A similar trend is observed with other popular models. In contrast, German-made cars lose only 18.5–34.5% of their value over the same period, making ...