Caoa's Chery Tiggo 5X Leads Used Car Market, Surpassing Toyota Yaris

Caoa’s Chery Tiggo 5X Leads Used Car Market, Surpassing Toyota Yaris

Written by Roberta Souza

Published on 12/01/2025 at 13:06

foto/reprodução: Divulgação

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SUV Becomes Preferred Choice in the Used Car Market, Standing Out for High Profitability and Surpassing the Toyota Yaris

The used car market in Brazil has undergone an interesting transformation in the last months of 2024, with the Chery Tiggo 5X from Caoa emerging as the most profitable car, surpassing the traditional Toyota Yaris.

This SUV, produced locally, has won consumer preference, knocking down models that previously led sales, according to the newsmotor website.

Profitability and Market Performance with the Chery Tiggo 5X

The Chery Tiggo 5X presented an average price of R$ 105 thousand, with a gross margin of 10.5%, surpassing the Toyota Yaris Hatch, which recorded an average price of R$ 87 thousand and a margin of 10.1%.

ARTICLE CONTINUES BELOW

Trends in the Used Market

The Megadealer Study on Used Vehicle Performance (PVU) highlighted solid results for the used market in October, with the average sale reaching R$ 81,154.

The gross margin rose to 10.8%, and the average inventory turnover time dropped to 34 days, the lowest rate in years.

chery tiggo 5x - caoa - veículos usados - toyota yaris — photo/reproduction: Disclosure

Data from the National Federation of Automotive Vehicle Distribution (Fenabrave) shows that 1,073,409 used cars and light commercial vehicles were sold during the period, a significant increase compared to the previous year, which recorded 883 thousand units, representing a growth of 10.1%.

Return on Investment and Future Trends

The segment of lightly used vehicles up to three years old showed remarkable performance, with dealerships reporting a return on investment (ROI) of 69% and an average conversion rate of 18%.

These numbers underscore the attractiveness of the used vehicle market for investors and consumers. The success of the Chery Tiggo 5X not only led the market but also indicated a shift in buying trends among Brazilian consumers.

With the continued growth of this segment, the future looks promising for both brands and dealerships, reinforcing the presence of the Chery Tiggo 5X as a leader in the competitive used vehicle market.

1 Comment

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Fabrício B Aguirre

#112590

14/01/2025 11:54

É um baita carro, pelo preço que cobram. Ficam pouco tempo nas revendas. Quem procurar um da versão híbrida verá como vendem rápido.

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Caoa’s Chery Tiggo 5X Leads Used Car Market, Surpassing Toyota Yaris

SUV Becomes Preferred Choice in the Used Car Market, Standing Out for High Profitability and Surpassing the Toyota Yaris

Profitability and Market Performance with the Chery Tiggo 5X

Trends in the Used Market

Return on Investment and Future Trends

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Caoa’s Chery Tiggo 5X Leads Used Car Market, Surpassing Toyota Yaris

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Profitability and Market Performance with the Chery Tiggo 5X

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