Parallel exports "transform new cars into old ones, while used car exports wear the new clothes of the emperor

While China's new car exports have repeatedly reached new highs, the export volume of second-hand cars has also increased significantly, from 15000 in 2021 to 69000 in 2022. Among them, the "parallel export car" plays an indispensable role, with its sales contribution even surpassing the second-hand cars of Genzheng Miao Hong.

The so-called "parallel export vehicle" refers to exporting domestic new cars, especially new energy vehicles, to foreign countries in the form of second-hand cars. Due to the high configuration and low price of domestic new energy vehicles, which have certain advantages in the international market, many second-hand car export enterprises made "parallel export" of new energy vehicles their main focus last year. However, while following the trend, this model has also received many criticisms.