While reselling sought-after cars immediately after delivery is nothing new, it’s usually limited to editions or sports models. However, the latest example breaks that rule—Xiaomi’s YU7 SUV, an electric car aimed at the mass market that has nevertheless become the subject of quick profit due to incredible demand.
Just an hour after opening the order books, Xiaomi received 289,000 orders for the YU7. Shortly after, the first units appeared on the used car market. Currently, around 80 YU7 models are listed for resale in China, some of them carrying significantly higher prices than the factory ones.
According to reports from CarNewsChina, prices for almost new YU7 models range from approximately 350,000 to 390,000 yuan, which is about 48,300 to 53,800 US dollars. While even at these prices, Xiaomi’s electric SUV seems like a good deal, it should be remembered that prices for the new YU7 start at 279,900 yuan ($38,600) and go up to 329,900 yuan ($45,600) for the most equipped version.
The reason for the booming resale market lies in the extremely long delivery times. Due to the huge demand, buyers will have to wait a long time for their copy. For the basic Standard model, the wait is between 57 and 60 weeks, while the Pro version requires patience from 49 to 52 weeks. Even for the most expensive Max model, the delivery time is between 41 and 44 weeks.
Used car prices are expected to start to fall over time as more vehicles hit the roads. However, prices are not expected to drop drastically.
This is confirmed by the example of the Xiaomi SU7 sedan, which, according to local data, is ranked as the Chinese car with the best value retention, as much as 88.91 percent after the first year of use.
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Read More: Xiaomi YU7 SUV Got Over 289,000 Orders In One Hour, Sold Out Through Early 2027
