Tesla Tops China EV Resale Rankings With 56.7% Residual Value

The latest China Vehicle Resale Value Report for July 2026, jointly released by the China Automobile Dealers Association (CADA) and Jingzhengu, showed that both used-car transaction volume and new energy vehicle (NEV) residual values declined during the month.

Data showed that China’s used-car inventory totaled 717,722 units in July, down 3.1% year-on-year and 4% from June, as the market remained in the traditional seasonal slowdown.

The report said weaker seasonal demand and continued price cuts in the new-car market weighed on residual values across nearly all vehicle segments, leaving the used-car pricing system still searching for a bottom.

Compared with the sharp decline seen last month, however, the drop in residual values for midsize and large SUVs narrowed to 52% in July, suggesting that downward pricing pressure in the segment had begun to moderate.

By contrast, compact SUVs and compact sedans recorded the largest monthly fluctuations, with residual values falling to 45.2% and 43.8%, respectively.

MPVs also posted a 2.1% decline as a wave of new premium electric MPVs entered the market.

Among brands, traditional luxury automakers remained under pressure.

Residual values for German premium brands (BBA) and most second-tier luxury marques continued to decline, further eroding the pricing advantage historically supported by brand premiums.

Mainstream joint-venture brands also remained under pressure.

Japanese brands including Honda, Toyota and Mazda each posted residual value declines of around 2%, reflecting continued weakness in used-car prices.

Among Chinese brands, GAC Trumpchi and Tank remained among the strongest performers in overall brand residual values.

Li Auto, NIO and BYD each recorded declines of less than 1%, showing relatively stable performance.

Among NEV brands, Tesla was one of the few to post higher residual values. Its brand residual value edged up to 56.7% in July, allowing it to retain the top position among NEV brands.

By powertrain, residual values for used NEVs continued to weaken.

The three-year residual value for battery electric vehicles (BEVs) fell from 45.2% in June to 44.5% in July, while plug-in hybrid electric vehicles (PHEVs) declined from 44.2% to 43.3%.

At the individual model level, residual value performance diverged significantly by vehicle age. Among one-year-old BEVs, Chinese brands further strengthened their position.

Xiaomi’s YU7 ranked first with a residual value of 82.8%, followed by the Li Auto MEGA, Zeekr 009 and Xiaomi SU7.

In the three-year-old BEV category, Tesla continued to dominate the rankings.

The Model 3, Model X and Model Y claimed the top three positions with residual values of 61.5%, 60.8% and 54.3%, respectively.

Among PHEVs, the one-year residual value rankings were led by the Tank 400 Hi4-T/Hi4-Z, AITO M8 and Tank 500 Hi4-T/Hi4-Z.

In the three-year category, the Tank 500 Hi4-T/Hi4-Z, Tank 400 Hi4-T/Hi4-Z and Haval Rapter PHEV ranked highest.

Overall, the report suggested that the used-car market is likely to remain under pressure in the near term as rapid model iterations and frequent price adjustments in the NEV market continue to weigh on resale values.