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The relevant departments announced the implementation plan for the “new-for-new†vehicle, according to which the maximum subsidy per vehicle can reach 6,000 yuan, and the minimum subsidy can also reach 3,000 yuan. Automobile industry expert Jia Xinguang predicts that with the introduction of this policy, it is expected to drive about 300,000 vehicles sales in the second half of this year alone.
Car consumption upgrade will obviously speed up
“The trade-in policy of “renewal of trade†will certainly have a corresponding stimulating effect on the auto market, but in second and third-tier cities, this role may be greater than in first-tier cities and regions like Beijing, Shanghai, Guangdong, and Jiangsu and Zhejiang.†The first time the plan was introduced, the reporter contacted Guo Yan, manager of Beijing Asian Games Village Automobile Exchange Market Information Department. He believes that the main purpose of the “trade for old†policy is to accelerate energy-saving and emission reduction by accelerating the replacement of old cars; In cities, residents have higher purchasing power, and local governments have also formulated stricter emission standards. Under their dual role, the automobile consumption structure has been upgraded. However, in the second and third tier cities, the auto consumption upgrade has only just begun. Guo Yan expects that the implementation of the New Deal will significantly speed up this process.
The owner is expected to receive a subsidy soon
Shen Rong, deputy secretary-general of the China Automobile Dealers Association, said that because the subsidy funds are funded by the central government and do not require local support, it is expected that the money will soon reach the owners. The reporter noted that the plan states that local governments can adjust the subsidy standards according to the "yellow car" model, age, and urban management. It is expected that some local governments may introduce their own subsidy schemes for "yellow car" replacement.
“The subsidy funds arranged by the country are collected from vehicle purchase tax levied in various places. In principle, the amount of subsidies per vehicle should not exceed the amount of purchase tax payable for new cars of the same grade.†Shen Rong said, The rate of purchase tax for passenger cars and trucks within the scope of subsidy is basically around 10%. In other words, the preferential policy for “renewal of old cars†for this time is roughly equivalent to the state’s incentive to eliminate old cars and purchase new ones in a way that avoids purchase tax.
At least 50 billion yuan was spent on automobile consumption
In addition to consumers, beneficiaries of the New Deal also have a vast number of auto manufacturers. Yesterday, relevant person in charge of Shanghai GM Wuling Co., Ltd. stated that the policy is a good one; the spokesman of Futian Automobile News, Zhao Jingguang, a commercial vehicle manufacturer in this city, also stated that, in addition to micro-loaded trucks and minivans, the scope of subsidies for “replacement of new products†was within the scope of subsidies. Other commercial vehicle products are available for sale at Foton, and the New Deal will surely make it possible for Foton to dip.
Jia Xinguang said that according to the subsidy standards announced yesterday, the country’s 5 billion yuan subsidy funds can subsidize about 1 million cars, and can drive 50 billion to 60 billion yuan in car consumption. He predicts that the trade-in replacement will bring about 300,000 car sales increments in the remaining seven months of this year.
View related topics: "new trade-in" stimulates the development of commercial vehicle market
May 05, 2021