Distribute new car purchase subsidies, increase license plate indicators, and encourage trade-in for old ones-

Multiple policies effectively promote automobile consumption

　　Our reporter Liu Jin

　　Since the beginning of this year, a series of policy measures to stabilize car consumption have been issued from the central government to local governments, including the issuance of new car purchase subsidies, the increase of license plate indicators, the encouragement of trade-in for new ones, and the continued exemption of purchase taxes on new energy vehicles. Under the force of multiple policies, with the full restoration of domestic production and living order, some consumers’ early suppressed demand has been released, and the auto market has gradually recovered.

　　Since the beginning of this year, a series of policy measures to stabilize automobile consumption have been issued from the central government to local governments. What is the effect of the current implementation? At the 2020 Chongqing International Auto Show, which recently closed, not only smart technologies such as new energy formula cars and full-speed adaptive cruises were unveiled, but car purchase coupons also prompted many visitors to buy cars on site. According to statistics, the average daily car sales during the auto show reached more than 2,600 units, indicating that domestic auto consumption is picking up speed.

　　According to Wilson's "Policy Inventory and Analysis of China's Automobile Industry in the First Half of 2020", affected by the new coronary pneumonia epidemic, the terminal retail sales of the auto market in February fell by 78% year-on-year. In order to restore the normal operation of the overall economy and stabilize the domestic automobile market consumption, various support measures have been introduced around automobile consumption from the central to the local level. In the first half of this year, as the central and local governments promulgated a series of policies to stabilize domestic automobile consumption, consumer confidence improved, some consumers’ early suppressed demand was accelerated, and the automobile market gradually recovered.

　　Recently, many places have introduced purchase subsidies. The most popular is the subsidy for new car purchases. According to statistics, the amount of regional subsidies in each province is mostly concentrated at 5,000 yuan or less, with the highest subsidy amount reaching 20,000 yuan. In terms of regions, South China has the highest subsidy intensity. Among them, Foshan is the first city in the country to introduce a new car purchase subsidy policy.

　　Encouraged by relevant national policies, some cities that currently implement auto purchase restrictions have also increased vehicle consumption by increasing number plate indicators and other means. Up to now, Guangzhou, Shenzhen, Hangzhou and other cities have clearly increased the allocation indicators of small passenger cars; Beijing's small passenger car regulation policy optimization plan is also seeking comments. According to statistics, a total of 245,000 fuel-fuel vehicles and 20,000 pure electric vehicles will be released this year. Based on the total sales of 21.41 million in the auto market in 2019, it will bring about a 1% increase in overall sales this year.

　　Encouraging trade-in is also one of the ways to stimulate car consumption. The latest scrap standards and subsidizing policies for old trades have been issued successively in various regions, and the time limit is limited to 2020, which is expected to drive an "updating wave" in the automobile market. During the redemption process, most users will choose better products to meet growing consumer demand.

　　The new energy vehicle market is still protected by the policy warmth. Measures such as continued exemption from purchase tax, electrification in the public sector, and supporting infrastructure will further stabilize the healthy development of the new energy vehicle market in 2020. The Ministry of Industry and Information Technology revised the "double points" policy to force car companies to increase production of new energy vehicles. In terms of smart cars, policies are still being improved and standardized technical guidance is formulated.

　　"The central and local governments have issued a series of policies to stabilize and expand automobile consumption. The effect of this has gradually emerged, prompting automobile companies to speed up the resumption of production and production. Residents' consumer confidence has been strengthened, and automobile consumption demand has been effectively released and replenished." Relevant experts said that with the The domestic production and living order has been fully restored, and various relief policies for enterprises have come to fruition, and China's automobile consumer market will still maintain a steady recovery.

　　According to data from the China Automobile Association, in May, automobile production and sales reached 2.187 million and 2.194 million, respectively, an increase of 4.0% and 5.9% month-on-month, and an increase of 18.2% and 14.5% year-on-year. The production and sales situation continued to improve. As the effects of various policies became apparent, the suppressed consumer demand during the epidemic was gradually released, and the market returned to a stable situation.

　　In the second half of the year, under the new industrial structure and international situation, how should the auto industry handle the relationship between independent development and cooperative competition?

　　Wu Wei, director of the Industrial Development Department of the National Development and Reform Commission, said that after the development of the automobile industry to a new stage, countries are exploring new forms of the automobile in the future. In this process, companies should not always stay in the competition to catch up with imitation, they should have a broader vision, a higher level, and more powerful strength. The changes in the situation are multi-directional, but one thing is clear. The huge domestic consumer market is an irreplaceable advantage for the development of my country's auto industry. The auto industry must maintain its resilience, self-confidence and determination.