Xiaomi's used car market is experiencing a downturn, with prices plummeting.

Xiaomi cars have faced a severe downturn in the used car market, with prices plummeting. In Beijing's Huaxiang used car market, Xiaomi SU7 and YU7 models are almost extinct. Dealers say prices change daily, with the market crashing. Furthermore, safety concerns surrounding Xiaomi cars have raised public questions. According to Li Yanwei, an expert committee member of the China Automobile Dealers Association, this is due to factors such as long new car delivery cycles, a market crash, unprofitable sales for dealers, and safety issues. This incident has also spurred the upgrading of industry standards.