China’s Automotive Industry Association recently reported that the value retention rate for plug-in hybrid vehicles is projected to drop by 5.3% in April 2025. This information was released on May 26, 2025, at 23:24.
According to the 2025 April Value Retention Report published by the association, there has been a significant increase in the market for dual-fuel vehicles. Specifically, the number of vehicles registered reached 780,500, marking a 24% increase compared to the previous year. This figure represents the highest growth recorded since February and is the highest number for the month of April.
In terms of value retention, MPVs, mid-size cars, and mid-size SUVs have shown strong performance with retention rates of 58.5%, 56%, and 55.5% respectively. In contrast, compact cars and small SUVs are performing below 50%, with compact cars at 48.8%.
The report highlights that the recent adjustments in pricing have allowed manufacturers to establish new market positions. As a result, there have been increases in the market presence of mid-size cars and SUVs, while the differences in product segments have diminished, leading to more stable prices.
However, the value retention rate for plug-in hybrid vehicles has indeed decreased by 5.3%, while the retention rate for pure electric vehicles has dropped to 44.6%.
Analysts believe that the continued growth of plug-in hybrid vehicles is still sustainable, despite the challenges posed by rapid technological advancements and concerns about energy shortages. These factors could be contributing to the decline in value retention rates.
In summary, the report indicates that the value retention rate for plug-in hybrid vehicles is declining, while dual-fuel vehicles are witnessing substantial growth, particularly in the mid-size and SUV markets.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/chinas-automotive-industry-forecast-april-2025-sees-electric-hybrid-vehicle-value-drop-by-5-3/
