Industry insiders discuss the essence of the proliferation of "zero-kilometer used cars": the transfer of channel inventory disguised as "almost new cars".
Industry insider Zhong Ya told reporters that the essence of the flood of zero-kilometer second-hand cars is the transfer of channel inventory disguised as "almost new cars", with the root cause being the excessive pursuit of sales volume by car manufacturers. Pan Lei, a second-hand car industry expert at the China Automobile Dealers Association, explained that zero-kilometer second-hand cars have actually been present in the market for some time, previously known as "packaged and taxed cars" produced by manufacturers to clear inventory, and indeed priced lower than normal prices. These types of vehicles have effectively supplemented market demand. However, he emphasized that the current automotive market landscape has changed, with overcapacity leading to the emergence of large quantities, even super-sized quantities, of zero-kilometer second-hand cars, inevitably exacerbating an already fiercely competitive automotive market. The broad impact of this will affect both the new car market and the second-hand car market, and the entire automotive market pricing system will be eroded.
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