Uxin Limited announced its unaudited financial results for the quarter ended March 31, 2025, reporting a retail vehicle transaction volume of 7,545 units. This represents a 141.5% year-over-year increase, despite a sequential decrease due to the Chinese New Year holiday.
Total revenues for the quarter reached RMB504.2 million (US$69.5 million), marking a 58.0% increase year-over-year. Retail vehicle sales revenue grew by 72.8% year-over-year to RMB465.5 million (US$64.2 million), demonstrating continued strong demand for Uxin's offerings.
The company's gross margin remained stable quarter-over-quarter at 7.0%, an improvement from 6.6% in the same period last year, driven by an increased penetration rate of value-added services. Uxin's non-GAAP adjusted EBITDA loss significantly narrowed to RMB8.9 million (US$1.2 million), representing a 78% year-over-year reduction.
During the quarter, Uxin's newly launched superstore in Wuhan began trial operations, with both inventory and sales ramping up rapidly. This expansion is a key driver for future growth and market penetration.
For the second quarter ending June 30, 2025, Uxin expects retail transaction volume to range between 10,000 and 10,500 units, which would set a new record for the company and represent over 140% year-over-year growth. Total revenues are projected to be between RMB630 million and RMB660 million.
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