A growing number of near-new Xiaomi YU7 vehicles have appeared on China’s second-hand car market, with listings showing prices above the manufacturer’s suggested retail price as reported by East Money. The YU7, Xiaomi’s second production model following the SU7, began deliveries on July 6.

According to data from the Dongchedi, over 80 Xiaomi YU7 units are currently listed for resale nationwide, with prices ranging from 350,000 to 390,000 yuan (approx. 48,300 to 53,800 USD). In contrast, official retail prices are 253,500 yuan (approximately 35,000 USD) for the Standard, 279,900 yuan (approximately 38,600 USD) for the Pro, and 329,900 yuan (approximately 45,600 USD) for the Max version. Most of the resale listings are for the Max trim, with mileage typically under 100 kilometres. Price markups of 10,000 to 20,000 yuan (approx. 1,400 to 2,800 USD) are common.

Industry reports attribute these listings to two sources: vehicles originally purchased by professional dealers for resale, and those acquired from early owners by used car platforms and resold at higher prices, resulting in a “secondary markup” effect.

At launch, Xiaomi reported 200,000 pre-orders within three minutes and 248,000 orders locked within 18 hours. In response to concerns about scalping, the company implemented restrictions: each buyer could place only one order for in-stock or custom YU7 vehicles within the first 24 hours. Orders can be modified for up to 168 hours after the deposit is made. After this period, the order will be locked, and no changes will be allowed; the deposit will then become non-refundable.

Delivery times for new YU7 orders remain long, as of Xiaomi’s latest app update. The Standard version requires 57–60 weeks, the Pro 49–52 weeks, and the Max 41–44 weeks from order lock to delivery.

The Xiaomi SU7 faced a similar resale markup period after its debut. However, SU7 second-hand prices later returned to more typical levels as demand normalised.

Meanwhile, Xiaomi cited a new report by the China Automobile Dealers Association and valuation platform Jingzhengu, which ranked the SU7 highest in one-year resale value among all models in China, at 88.91%. The Aito M7 (84.45%) and Li Auto Mega (79.58%) followed. Xiaomi Chairman and CEO Lei Jun shared the report on social media, thanking supporters.

The Ministry of Industry and Information Technology is reportedly considering a new regulation that would prohibit vehicles from being resold within six months of initial registration, aiming to limit short-term arbitrage in the second-hand market.