Uxin Ltd. Demonstrates Resilience and Growth Amidst Market Challenges

In a year marked by economic headwinds and competitive pressures, Uxin Ltd., a leading Chinese internet and catalog retail company specializing in new and used cars, has showcased remarkable resilience and growth. The company’s recent financial disclosures and strategic outlook highlight its ability to navigate a challenging market landscape while setting ambitious targets for the future.

2024: A Year of Strategic Achievements

Despite the broader Chinese economy facing ongoing macroeconomic challenges and a fierce price war in the new car segment, Uxin Ltd. reported significant growth in its used-car retail operations. The company’s retail transaction volume surged by over 130% year-over-year, reaching nearly 22,000 units. This growth was particularly notable in the fourth quarter, where transaction volume increased by 177.6% compared to the same period in 2023, reaching 8,554 units.

Key achievements for Uxin in 2024 included maintaining an efficient 30-day inventory turnover while tripling stock levels. The company also improved its Net Promoter Score to 65 in Q4, up from 60 in 2023, reflecting enhanced customer satisfaction. A pivotal milestone was achieved with the first positive quarterly adjusted EBITDA in Q4 2024, alongside an increase in gross margin from 4.8% to 7.0% year-over-year.

Strategic Insights and Outlook for 2025

Looking ahead, Uxin Ltd. has outlined a strategic plan to capitalize on its recent successes and further expand its market presence. The company plans to increase capacity at its existing Xi’an and Hefei superstores and open 2-4 new superstores in key markets, including Wuhan and Zhengzhou. These expansions are aimed at supporting Uxin’s target of over 100% growth in retail transaction volume and achieving its first full-year positive adjusted EBITDA in 2025.

Financial Highlights and Market Position

For the full year ended December 31, 2024, Uxin reported total revenues of RMB596.8 million ($81.8 million), marking a 45.4% increase year-over-year. The company’s strategic initiatives and operational efficiencies have positioned it well within the Consumer Discretionary sector, particularly in the Internet & Catalog Retail industry. Despite a negative price-to-earnings ratio of -0.393802, Uxin’s market capitalization stood at $6.72 billion as of April 28, 2025, reflecting investor confidence in its growth trajectory.

Conclusion

Uxin Ltd.’s performance in 2024 underscores its ability to thrive in a challenging economic environment. With strategic expansions and a focus on operational efficiency, Uxin is well-positioned to continue its growth trajectory in 2025. The company’s achievements and forward-looking strategies offer a compelling narrative for investors and stakeholders, highlighting its potential to redefine the used-car retail landscape in China and beyond.