Gary's questions to Uxin Ltd (UXIN) leadership • Q1 2025
Question
Gary from Water Tower Research asked for observations on how the easing of price competition in the new car market is affecting market conditions and consumer demand for used cars.
Answer
Executive Dai Kun explained that aggressive new car pricing has lowered used car transaction prices, which he believes ultimately broadens the market by making vehicles more affordable. He noted this dynamic positions used cars as a high-value option for consumers. Mr. Dai emphasized that regardless of market conditions, Uxin's integrated model, rapid inventory turnover (around 30 days), and high customer satisfaction (NPS of 65) enable it to maintain a trajectory of continuous improvement.