- Demand for near-new Xiaomi YU7s has soared due to long wait times.
- The entry-level YU7 Standard has a delivery time of up to 60 weeks.
- The SU7 sedan allegedly retains over 88% of its value during the first year.
It’s not unusual for dealers and early owners of in-demand cars to take delivery, and then quickly try to sell them for a tidy profit. However, the vehicles in question are usually limited-run performance models or cars that’ll only be built for a short time. The Xiaomi YU7 doesn’t fit into either one of those categories, and yet, people are already trying to flip them.
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Read: Xiaomi SUV’s Tesla-Beating Pricing Sparks Frenzy With 289,000 Orders In An Hour
Shortly after it was revealed that Xiaomi had received 289,000 orders for the YU7 an hour after the order books opened, several of the first cars have already found themselves listed for sale. There are currently about 80 YU7s listed for resale in China, and some have hefty markups. Evidently, it’s not just Americans who have to deal with eye-watering dealer premiums.
Early Listings, Fast Markups
As reported by CarNewsChina, prices for YU7s on the used market range from roughly 350,000 yuan to 390,000 yuan (about $48,300 – $53,800 at current exchange rates). While Xiaomi’s all-electric SUV still sounds like an excellent deal for those prices, prices for a new YU7 start at 279,900 yuan ($38,600) and top out at 329,900 yuan ($45,600).
Although the YU7 is positioned as a mass-market EV, the extraordinary demand means shoppers will be waiting a long time to take delivery. In fact, wait times for the entry-level model currently stand at 57-60 weeks, while buyers for the Pro have to wait 49-52 weeks. The flagship Max has wait times between 41-44 weeks.
Resale Value Could Stay Strong
Once more YU7 models start to land in the driveways of buyers, prices of used examples will inevitably start to fall. But, given how fond Chinese consumers are of the Xiaomi brand, depreciation could be minimal. Local data reveals that the Xiaomi SU7 sedan has ranked the highest of all Chinese cars for resale, retaining 88.91 percent of its value after the first year.
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#60Week #Waitlist #Xiaomis #SUV #Flippers #Goldmine
