The invention discloses low-temperature bending resistant polyvinyl chloride artificial leather for bags and suitcases and a preparation method of the low-temperature bending resistant polyvinyl chloride artificial leather. The artificial leather comprises the following raw materials by mass percent: 25%-35% of PVC, 8%-12% of PE, 8%-12% of PBT, 8%-12% of triethylene diamine, 8%-12% of limestone and the balance of silane coupling agent-modified clay powder. The raw materials at the mass percent are stirred in a high-speed stirrer for 15 minutes, are then heated in an extruder to 160 DEG C and keeps the temperature for 40 minutes, then a sheet material is extruded, laminated on the surface of a cloth base, and foamed finally to prepare the low-temperature bending resistant polyvinyl chlorideartificial leather. The polyvinyl chloride artificial leather produced by using the formula through the preparation method is excellent in low-temperature bending resistance property, and the qualityof a polyvinyl chloride artificial leather product is effectively improved.