Uxin Reports Q2 2026 Earnings: Strong Retail Growth Amid Market Volatility
Uxin (UXIN) reported strong retail growth in the second quarter of 2026, with a significant increase in transaction volume and revenue. The company's superstore model contributed to an 89% year-over-year rise in retail transactions, reaching 19,610 units. Retail revenue hit RMB 1.08 billion, up 78%, despite declining average selling prices due to new car market adjustments. The used car sector showed resilience compared to the struggling new vehicle market, with Uxin's total revenue rising by 75% year over year to RMB 1.51 billion. However, gross margin turned negative at -0.7%, down from 5.2% in the prior-year period due to proactive inventory adjustments. The company also reported an adjusted EBITDA loss of RMB 120 million and warned about ongoing risks in the automotive market. Looking ahead, Uxin provided guidance for Q3 with expected retail volume between 20,500-21,000 units and revenue projected at RMB 1.16 billion to RMB 1.19 billion. The company is also expanding its superstore network and has plans for a CEO share purchase program starting on Sept. 28.
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