Resale value king: In China, you can sell a used Toyota Alphard for profit

Eric · Jan 28, 2022 11:35 AM

Resale value king: In China, you can sell a used Toyota Alphard for profit 01

In a similar vein as the Suzuki Jimny, the Toyota Alphard can be considered the king of resale value, as prices of a used Alphard are higher than a brand-new one.

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You read that correctly – in China, prices of a three-year-old used Toyota Alphard are, on average, 17 percent higher than a brand-new unit.

Also Read: The Suzuki Jimny defies logic – used units are priced higher than new ones

Resale value king: In China, you can sell a used Toyota Alphard for profit 01

A brand-new Alphard isn’t exactly cheap

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The third-gen Alphard went on sale in 2017, available only with a naturally-aspirated 3.5-litre V6. As for the facelifted model you see here, this one went on sale in 2020.

Also Read: Malaysian VIPs get ready; All-new, TNGA-based Toyota Alphard could launch in 2022

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Launch prices for the Alphard 3.5 were between CNY 809,000 (~RM 534k) to CNY 864,000 (~RM 570k), while the hybrid variant was priced between CNY 819,000 (~RM 540k) to CNY 870,000 (~RM 573k).

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GAC Toyota currently offers three variants of the Toyota Alphard, with prices ranging from CNY 839,000 (~RM 554k) to CNY 920,000 (~RM 607k), a smidge higher than when it was initially launched.

Like Malaysia, the China-spec Alphard is imported (CBU) from Japan.

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All variants of the Chinese Toyota Alphard are powered by a petrol-electric 2.5-litre hybrid that does a combined system output of 163 PS.

The Toyota Alphard redefines resale value

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Used Alphard prices are higher than a brand-new unit

A quick check on several used car listings in China revealed that there are very limited units of the Alphard priced below CNY 1 million (~RM 660k).

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The CNY 1.06 million one has a 28k km mileage

Depending on mileage and condition, a used Toyota Alphard with the more modern hybrid powertrain, is priced anywhere between CNY 1.06 million (~RM 699k) to CNY 1.268 million (~RM 836k), defying used car logic and solidifying its spot as the resale value champion.

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Don’t mistake these for showroom condition or low mileage examples, as these used Alphards have clocked some mileage, with the highest being within the 30,000-km region. That said, lower mileage examples are priced even higher.

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Left: Toyota Alphard. Right: Lexus LM

In fact, prices of these low mileage examples are overlapping into Lexus LM territory. The Lexus luxobarge is priced between CNY 1.166 million (~RM 769k) to CNY 1.466 million (~RM 966k).

Also Read: A recond Toyota Alphard/Vellfire is nearly RM 44k cheaper than UMW Toyota's official import, should you buy the recond?

How is that remotely possible?

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Despite its exorbitant price tag, the Toyota Alphard remains as an immensely popular MPV in China with demand outstripping supply.

Also Read: Buying a recond Toyota Vellfire is going to get harder, here’s why

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The Toyota Vellfire is also sold in China

Last year, GAC Toyota sold roughly 24k units of the Toyota Alphard, averaging about 2,000 units a month.

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And yet, even with that many units sold last year, it is still insufficient to quench China’s thirst for more Alphards.

Also Read: A VIP's choice: Used Toyota Alphard (AH30) from RM 150k. Expensive to repair?

But that’s not all

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More recently, there are reports of Chinese dealers slapping on mark ups as much as CNY 250,000 (~RM 165k) per unit, as dealers know that demand is at an all-time high.

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Given that GAC Toyota sold an average of 2,000 units of the Alphard a month, it means that dealers can earn an average of extra CNY 500,000 (~RM 330k) a month.

The sheer popularity of the Alphard is also a key factor to why there are no less than 5 Toyota Alphard clones in China.

Also Read: These 5 Chinese copycats look like the Toyota Alphard but cost as much as an Innova

Eric

Editor

Started from the IT industry but somehow managed to find his way into the automotive industry. If he’s not gaming, he’s constantly tinkering with his daily/weekend car.

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Up to 20% higher than average trade-in price

2020 Toyota Alphard 3.5

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