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On October 16th, CNMO noticed that the once-popular Xiaomi car order transfer market has recently shown a significant discount trend. Two months ago, Xiaomi car orders were still "hot items" in the second-hand market, with some orders even reselling at a premium of 20,000 yuan. However, in the current transfer market, the recovery price for Xiaomi SU7 orders has dropped to 1,500 yuan, and YU7 orders are only 2,000-3,000 yuan.

Xiaomi YU7

It is worth mentioning that in June this year, the Xiaomi YU7 created an industry miracle upon its launch: within just 3 minutes of its release, the number of pre-orders reached 200,000 units; within 18 hours, the number of confirmed orders soared to 240,000 units.

According to CNMO, the reason why the Xiaomi car order transfer market is so popular in the early stages is mainly due to the long delivery cycle. For instance, with the YU7, consumers currently reserving the standard version of the YU7 model have to wait up to 48 weeks for delivery, which translates to nearly a year. For consumers eager to use a car, obtaining a higher-priority order through the order transfer market undoubtedly becomes a shortcut to shorten the waiting time and get the car earlier. This has made the order transfer market exceptionally active for a period of time.

A car dealer pointed out that the secondary market for Xiaomi cars is currently experiencing a downturn, with the core issue being an imbalance between supply and demand. Initially, many people placed orders following the trend, but now there are too many people selling their orders and very few willing to take them over, forcing them to acquire at lower prices.

He further explained that the turning point in the market occurred in September, when the online reputation of Xiaomi cars took a sharp downturn, and the number of people transferring their orders began to increase significantly. Particularly after the car accident in Chengdu, there were endless inquiries from potential buyers, leading to a complete imbalance in the market supply and demand, and the transfer prices subsequently fell sharply.