A Hongqi Guoyue 17-seater, registered in February 2025 and with only 10,000 kilometers on the odometer, had a list price of 498,000 yuan but was actually sold for 380,000 yuan to a car owner in Tianjin. The car is really cheap now.
During the stationary steering test, the technician will check the smoothness of the steering wheel from full left to full right, looking for any unusual noises from the steering gear; they will also inspect the hydraulic power steering pump (if present) and the seals of the steering column for any hydraulic fluid leakage.
China has a large number of luxury cars and a fast turnover rate. For luxury cars of the same year and mileage, the FOB offshore price in the Chinese market usually still has a 10%-15% arbitrage opportunity after deducting shipping costs, especially for models with high depreciation rates.
The underlying data of the China Public Security Traffic Management Network (12123 platform) has strict records for stolen vehicles. Any vehicle that is currently stolen or has had a complex criminal case that is not fully resolved cannot complete the transfer for export.
