"Trade-for-new" may become a new focus of the auto market in 2010


The State Council executive meeting on December 9 decided to increase the standard for single-vehicle subsidy for “ replacement of old cars” to 5,000 to 18,000 yuan, which indicates that the state has strengthened the support for commercial vehicles, especially large-scale commercial vehicles. Some people say that since the subsidy limit is not high, the effect of replacement of old cars is not good, and after the amount of subsidy is increased, trade-in replacement is expected to become the driving force for the growth of the auto market next year. The implementation of this policy will undoubtedly promote the automobile market next year. Some people also say that the preferential policies for purchasing tax policies have slowed down, and that trade-in replacements should be the focus of next year.

In 2009, the trade-in was slightly "cool"

In March 2009, the State Council executive meeting reviewed and in principle adopted the automobile industry restructuring and revitalization plan. According to regulations, from June 1, 2009 to May 31, 2010, the old mini-vehicles and old and medium-sized passenger cars that have been used for less than 8 years will be scrapped and used for less than 12 years. Older medium-sized passenger cars other than light trucks and taxis, as well as those that have scrapped the “yellow-marked vehicles” in advance and redeemed new ones, can enjoy subsidies ranging from RMB 3,000 to RMB 6,000 according to the scrapped models. Different from policies such as purchase tax and automobile going to the countryside, the performance of “ replacement for old ” policy in 2009 can be described as “cool”. This year's car trade-in effect is not satisfactory, which is mainly reflected in the enthusiastic exchange buyers are not high. After interviewing a number of used-car trading markets, the reporter found that many people do not use “ new-for-new ” trades. The main reason is that this year's trade-in replacement subsidy quota is too low and “not worth it”.

Liu Yang, who lives near Fuzhou Railway Station, owns a minivan and has been driving for more than six years. Although the car is very old, he clearly stated that it is impossible to trade for the old one. Liu Yang told reporters that according to the standard for the scrapped years of mini-vans, his vehicle's scrapping period is 8 years. Running a year's transportation can earn 30,000 to 40,000 yuan, but according to the "Measures", he can only get a retirement allowance of up to 6,000 yuan. It is too uneconomical.

Has a second-hand "Santana (Gallery Forum)," Wang Chunsheng likewise rejected the possibility of his car "TM". His car has been 9 years old, and according to the car scrapping period, his car's scrapping period is 15 years, and it can be extended appropriately. "Even if I want to change cars, I will not engage in ' renewal of the old ', and I will sell it directly to the used car market. The price is much higher." The reporter learned from the old car market that the scrapped models can enjoy a price ranging from 3,000 yuan to 6,000 yuan. Subsidies, and even if it has been used for more than 10 years Jetta (Photo Gallery) or Poussin, selling old cars at least 10,000 yuan or more, even cars that have been scrapped for years, sold to underground dismantling plants are also much higher than 6000 yuan.

Enlarging the Subsidy to Replace “New” Should Be the Key to Next Year

Obviously, the vehicle purchase tax is reduced by 7.5%, and the tax rate for purchase of small-displacement vehicles is increasing, and the cost of car purchases by owners will increase.

But this does not prevent consumers who really want to buy a car. In the 1.6L or lower models, the most expensive model purchase tax discount rate is also around 2,000 yuan. However, the key issue is not the amount of concessions, but more attention should be paid to the motivation behind the country's incentive for car consumption.

Some industry insiders believe that in 2009, the auto consumption power in 2010 was released ahead of schedule. Therefore, the growth of the auto market will fall back next year, and the recovering Chinese economy will be affected. However, judging from experience, any irritating policy on the economy must be implemented in a gradual manner. Stimulation and withdrawal should follow such rules. Obviously, the country’s negative impact on uncontrolled auto consumption has been noticed, and a modest increase in the purchase tax preferential rate has been adopted to respond to the auto consumption market in the next year. If you think that the increase in car sales in the next year will be stimulated by purchase tax incentives, this is in itself a misunderstanding of the policy.

From the announced New Deal, we have found that the discount rate for car trade-in has increased, which also verifies the country's long-term consideration for the healthy development of the car market.

Eliminating over-standard and over-constrained old models will not only improve the environmental protection capability, but also drive the sales of new vehicles. It will be the best of both worlds. Therefore, the automobile trade-in policy may be the focus of economic work next year.
View related topics: "new trade-in" stimulates the development of commercial vehicle market


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