Uxin reported 16,530 retail used-car transactions in Q1, up 119% year over year, but warned of margin compression due to China’s auto market volatility.
Uxin (NASDAQ:UXIN) posted a 119% year-over-year increase in retail used-car transaction volume to 16,530 units for the quarter ended March 31, 2026. Revenue more than doubled, driven by strong customer satisfaction and inventory turnover of about 30 days.
The company noted that profitability is under pressure due to sharp price cuts in China’s used-car market, with gross margins expected to face greater strain in Q2. Uxin anticipates margin improvement in Q3 if price declines stabilize. It reaffirmed full-year guidance for over 100% retail transaction growth.
Uxin also announced plans to open four to six new superstores in 2026, following the launch of its sixth location in Tianjin. Q2 retail volume is projected at 18,000 to 19,000 units.