Xiaomi’s cars, once prized for strong resale value and reliability, now burden the second-hand market, where dealers refuse to handle them. High-profile failures—fires, faulty door locks, and broken axles—have shattered the brand’s reputation. Online platforms brim with negative reviews, fueling a severe trust crisis and plunging prices. These vehicles now lose tens of thousands of yuan daily, with drops sharper than stock market swings. Dealers, swamped, declare the situation untenable.
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