Bentley nearly 270,000, Porsche 150,000, the prices of second-hand luxury fuel vehicles have taken a big dive.

On July 1st, according to Shandong Peninsula News, at the Luhai Automobile Trading Market in Qingdao City, used car dealers are selling a Bentley Flying Spur with a car age of over 8 years for just 268,000 RMB, while the entry-level Porsche Macan is as low as 150,000 RMB. The second-hand transaction price of a Volkswagen Touareg, which costs nearly 900,000 RMB when new, is now 68,000 RMB. In addition, various mid-to-large luxury SUVs from Mercedes-Benz and Land Rover have also seen significant price drops, with luxury cars that used to cost millions now falling into the price range of family cars.