The depreciation in brand new cars is massive these days. The Chinese electric cars in particular are plummeting. Hongqi is among those who suffer the most.
The Chinese brand Hongqi and their large SUV, the E-HS9, have had a turbulent start on the European market.
A frightening example of this we find in the Netherlands. With only 109 registered copies, of which 24 percent have already been put up for sale again, the owners are in for a gigantic loss of value.
A used E-HS9 with 41,441 kilometers on the odometer has recently been offered for sale for 61,990 euros, resulting in a loss of value of over DKK 7 per unit. kilometer.
That's what Autovise writes.
The E-HS9 was introduced on the Dutch market at a price of over 100,000 euros. The specific model on sale is a 'President' edition with a 99kWh battery pack and aircar undercarriage. Despite a significant price reduction from the importer, the car has already lost a large part of its value.
READ ALSO: 81-year-old fraudster caught by wet license plate
Besides a significant loss in value, potential buyers should be aware that the Hongqi E-HS9 is not known for its energy efficiency. The official WLTP range of 465 kilometers is difficult to achieve in practice.
By the way, the E-HS9 cannot deny that it was designed by Rolls Royce's former chief designer Giles Taylor. In fact, that's exactly what the Chinese car brand hired him to do – draw something that looks like a Rolls-Royce.
The top model has a total of 551 horsepower and 750 Nm. Enough to move the big car from 0 to 100 km/h in 4.9 seconds. At least officially.
Here at home, the picture of the E-HS9 model's downturn on the used market is not much different in the Netherlands, even though there are quite a few fewer cars for sale in Denmark.
Boosted has previously told how some E-HS9 owners were cheated out of large amounts when the importer suddenly dropped the price drastically. Read more about it here .
Read more exciting news from and about the world of cars right here!
