โSecond-handโ Xiaomi SU7 Ultra vehicles are already being resold at inflated prices just one week after the carโs official launch. Listings on Autohomeโs second-hand market platform show dealers in cities like Wuhan, Shenzhen, and Guangzhou offering the SU7 Ultra for 548,900 to 648,800 yuan (75,700 to 89,500 USD) โ well above the official retail price of 529,900 yuan (73,100 USD). Experts believe many listings are from scalpers cashing in on the carโs soaring demand.
The Xiaomi SU7 Ultra has been a sensation since its February 27 launch. It sold 10,000 units in just two hours and exceeded 19,000 by March 3. Initially priced at 814,900 yuan (112,380 USD) during pre-sales, the final starting price for the standard version dropped to 529,900 yuan (73,100 USD) โ a 285,000 yuan (39,300 USD) cut. This aggressive pricing, combined with performance rivalling Porsche, tech on par with Tesla, and luxury comparable to BMW and Audi, has made the SU7 Ultra a market standout.
Most of these listed โsecond-handโ SU7 Ultras are brand new, with nearly half being unregistered. Some listings show minimal mileage (10-20 kilometres), suggesting owners flipped the cars immediately after purchase. While these almost-new vehicles offer a shortcut for eager buyers, scalpers are drawing criticism for exploiting demand and driving up prices.
The SU7 Ultra is a high-performance electric sedan with a maximum power output of 1,138 kW (1,548 horsepower), a 0-100 km/h time of 1.98 seconds, and a top speed of 350 km/h. Its blend of performance, tech, and luxury has made it a hot commodity and a prime target for scalpers.
As the market adjusts, buyers must decide whether to pay a premium for immediate availability or wait for Xiaomiโs lengthy delivery schedules.
Stay tuned for this weekโs Sunday China Drive at Car News China, where we will review the SU7 Ultra.
Source: Autohome
