Electric MPVs From China - Who is going to be the Alphard killer?

[Annapurna]

@benoit16 Mine is 8 bid non guaranteed.

[benoit16]

On 2/7/2025 at 8:57 PM, Annapurna said:

@benoit16 Mine is 8 bid non guaranteed.

ah okie! hehe plenty of chances to go!

[Annapurna]

@benoit16 After 8 bids, if my dealer still cannot get the COE, they will give me a full refund of my deposit.  Alternatively, not sure whether they will counter offer COE topup from me.

[Invigorated]

On 2/7/2025 at 9:50 PM, Annapurna said:

@benoit16 After 8 bids, if my dealer still cannot get the COE, they will give me a full refund of my deposit.  Alternatively, not sure whether they will counter offer COE topup from me.

unlikely they can't get as their profit margin is pretty high for the D9.

[benoit16]

On 2/7/2025 at 9:50 PM, Annapurna said:

@benoit16 After 8 bids, if my dealer still cannot get the COE, they will give me a full refund of my deposit.  Alternatively, not sure whether they will counter offer COE topup from me.

depends on how many sales and how much they want to close the deal. worst case they ask for top up rather than let u walk away I feel.

[Tohto]

On 2/7/2025 at 11:04 PM, benoit16 said:

depends on how many sales and how much they want to close the deal. worst case they ask for top up rather than let u walk away I feel.

They will just give a open cat COE.

They definitely want to gain market share. 

[Carbon82]

On 2/7/2025 at 10:39 PM, Invigorated said:

unlikely they can't get as their profit margin is pretty high for the D9.

I concur. Vantage profit margin is relatively high even for non-guaranteed package.

When I told my colleague that the profit for his new M6 was ~$30K, he just cannot believe it.

 

[Invigorated]

On 2/8/2025 at 9:00 AM, Carbon82 said:

I concur. Vantage profit margin is relatively high even for non-guaranteed package.

When I told my colleague that the profit for his new M6 was ~$30K, he just cannot believe it.

 

To be fair, it's business so making money is necessary for survival.. but I noted it is pretty high compared to the other BYD fleet as you've pointed out, around 30-40k so getting the COE is very possible.

They do have a lot of mouths to feed.. from servicing staff to maintenance of workshops and parts.. all these don't come cheap especially with rental.

There's free servicing for 10 years so some profit may only come from the replacement of wear and tear.. and if you add in possible battery replacement, which would be part of costs, the profits are likely just reasonable. Just that the margin serves as a buffer for all these.

If their profit is 5k, the buyer would be worried if all the warranty, maintenance and after sales are even possible.

Edited February 8 by Invigorated

[Annapurna]

I agree that the profit margin is quite reasonable if you factor in the 10 yrs battery replacement, 10 yrs free service and 6 yrs warranty.  Without this profit margin, it could be quite difficult to survive in the car business.   I would rather they make a comfortable profit so that they will be around in 10 yrs time.

[Invigorated]

On 2/8/2025 at 9:00 AM, Carbon82 said:

I concur. Vantage profit margin is relatively high even for non-guaranteed package.

When I told my colleague that the profit for his new M6 was ~$30K, he just cannot believe it.

 

Prob not the right thread to post this but I think the m6 is now at 149k?

[Carbon82]

On 2/8/2025 at 10:57 AM, Invigorated said:

To be fair, it's business so making money is necessary for survival.. but I noted it is pretty high compared to the other BYD fleet as you've pointed out, around 30-40k so getting the COE is very possible.

They do have a lot of mouths to feed.. from servicing staff to maintenance of workshops and parts.. all these don't come cheap especially with rental.

There's free servicing for 10 years so some profit may only come from the replacement of wear and tear.. and if you add in possible battery replacement, which would be part of costs, the profits are likely just reasonable. Just that the margin serves as a buffer for all these.

If their profit is 5k, the buyer would be worried if all the warranty, maintenance and after sales are even possible.

Good points. My spreadsheet is not perfect for sure as there are other overhead (e.g. rental, salary, maintenance cost) as well as revenue stream (e.g. commissions from insurers, banks, used car dealers) which I am not able to quantify.

Warranty wise, if I am not wrong, part cost is mainly covered by the manufacturer (up to a certain years depending on contractual agreement), AD will need to support with labour though, which incurred overhead cost.

Free serving can be a little gimmicky and grey as that is actually an avenue for AD to rack in revenue from changing / replacement of wear and tear items.

Personally, my threshold is <$20K or ~10 - 12% profit margin for bread and butter models, and volume seller. Being there done that, and I will continue to use excel spreadsheet to buy my next car.

[Lala81]

On 2/8/2025 at 11:37 AM, Invigorated said:

Prob not the right thread to post this but I think the m6 is now at 149k?

so cheap?

left side is non guaranteed vs right side guaranteed i suppose on the spreadsheet.

 

[Lala81]

On 2/12/2025 at 10:05 AM, Carbon82 said:

Personally, my threshold is <$20K or ~10 - 12% profit margin for bread and butter models, and volume seller. Being there done that, and I will continue to use excel spreadsheet to buy my next car.

In this climate, when people have surge of interest when COE dips. This strategy is not easy to achieve with volume sellers or B&B models.

It would work better with a performance/top spec trim/niche product where they need to drive sales or clear inventory. And slower crowds in the showrooms.

 

 

 

 

Edited Wednesday at 02:44 AM by Lala81

[Annapurna]

For those interested in getting the Denzer D9 Grandeur instead of the Elite.

For Grandeur AWD, it produces 369BHP(275KW) and 470nm of torque. And also there’s 10 additional car functions;

1) All Wheel Drive(AWD) Duo Motor

2) EV silent Tyre(Conti Slient)

3) DiSus-C Intelligent Damping Suspension

4) Nappa Leather Seats

5) Front & Second Row Adjustable Massage Function

6) Premium Suede Ceiling

7) Anti Glare Interior Rearview Mirror

😎 Heads Up Display(HUD)

9) Driver Monitor System(DMS)

10) Intelligent Induction Dynamic Welcome Headlight

The Grandeur is also 48k more than the Elite version.

[Heartlander]

Also the road tax would be increased from $2.3k to $3.8k -> $15k over 10 years.

Edited 1 hour ago by Heartlander