$Uxin (UXIN.US)$ The third-quarter earnings report shows that in Q3, Uxin achieved total revenue of RMB 879 million, representing a quarter-on-quarter increase of 33.6% and a year-on-year increase of 76.8%. Among this, retail vehicle sales revenue reached RMB 819 million, with a quarter-on-quarter growth of 34.8% and a year-on-year increase of 84.3%, accounting for a continuously increasing proportion of total revenue.
In the third quarter, Uxin Group's total transaction volume reached 15,904 vehicles, marking a 37.0% increase from the previous quarter and a 125.7% year-on-year growth. Among this, the retail transaction volume was 14,020 vehicles, with a quarter-on-quarter growth of 35.0% and a year-on-year increase of 133.5%. The retail business remains the core driver of the company’s transaction volume growth.
Uxin Group expects its retail transaction volume in the fourth quarter of 2025 to be between 18,500 and 19,000 vehicles. The company forecasts that total revenue, including retail vehicle sales revenue, wholesale vehicle sales revenue, and other income, will range between RMB 1.15 billion and RMB 1.18 billion.
Lin Feng, Chief Financial Officer of Uxin Group, stated that the company’s profitability has significantly improved, with gross margin reaching its highest level in nearly three years, and the adjusted EBITDA loss also substantially narrowing. Multiple key metrics have validated the strong replicability and expansion potential of the 'offline warehouse mega-store + online nationwide purchase' model. Moving forward, the company will continue to focus on retail business growth and operational quality enhancement, driving continuous improvement in financial performance. It is expected that the transaction volume in the fourth quarter will achieve over 110% year-on-year growth and more than 30% quarter-on-quarter growth.
Editor/Stephen