Gary [Analyst]'s questions to Uxin Ltd (UXIN) leadership • Q3 2024
Question
Gary, an analyst, inquired about the recent slowdown in China's used car market, asking for the underlying reasons and Uxin's outlook on the market's future.
Answer
Executive Dai Kun acknowledged a temporary market moderation due to economic factors and new car price cuts. However, he expressed strong confidence in long-term, double-digit growth for the sector, citing China's low per capita car ownership and the market's early development stage. He emphasized that Uxin's own 150% YoY retail growth and high regional market share demonstrate significant headroom, with plans for new superstores to drive growth far outpacing the overall market.