AutoBeta(AutoBeta.net)03/14 Report--

On March 13, 23 departments, including the National Development and Reform Commission, the Ministry of Public Security and the Ministry of Finance, jointly issued the implementation opinions on promoting consumption expansion and quality improvement to speed up the formation of a strong domestic market, which put forward that it is necessary to "promote the change from car purchase restrictions to guiding use policies. We will encourage areas where car purchases are restricted to appropriately increase the limit of car license plates."

This is another guiding document for "stabilizing traditional bulk consumption such as automobiles" in the later stage of the epidemic, thus driving the consumption of automobiles and related products.

According to the statistics of the China Federation of passengers, the cumulative sales of passenger cars in China from January to February 2020 reached 1.969 million, down 41% from the same period last year, a record low, mainly affected by sudden viral pneumonia. In March, automobile retail sales recovered somewhat but still fell sharply compared with the same period last year.

Therefore, it is urgent to introduce relevant automobile rescue measures. More importantly, the degree of further implementation of the measures will really accelerate the consumption of the automobile market.

For this reason, Shen Jinjun, president of China Automobile Circulation Association, put forward some suggestions from the aspects of policy suggestions and policy incentives.

In terms of policy recommendations, Shen Jinjun suggested that the government should abolish some policies that restrict car consumption. First of all, lift the purchase restrictions and traffic restrictions; second, abolish the restrictions on the relocation of used cars.

Shen Jinjun believes that the automobile market has entered a period of negative growth in the past two years, and the industry and even some government departments are calling for an appropriate relaxation of purchase restrictions, but they have not received a positive response from the relevant local governments. The problem lies in not helping local governments to find a solution to the congestion problem, but today, technology has made great progress, and economic methods to solve road congestion by technical means is no longer a problem.

In terms of policy stimulus, Shen Jinjun called for stimulating policies such as "halving the purchase tax". Shen Jinjun said that to be able to pry up the stagnant market under the epidemic requires strong government policies. "halving the purchase tax can have a certain prying effect on market demand. When the market returns to normal, the policy withdraws moderately. Today, we need policies to stimulate or pry. "

To boost confidence in the automobile industry, the China Automobile Association also suggested that relevant departments introduce new policies on automobile sales as soon as possible to stimulate consumption potential.

These include the appropriate increase of license plates in restricted areas, the adjustment of the purchase tax rate of small-engine cars, the introduction of policies to promote consumption in the countryside, the lifting of restrictions on the purchase of new energy vehicles, and the optimization and continuation of new energy subsidy policies. include personal car purchase expenditure in the special additional deduction of individual income tax; implement the purchase tax reduction and reduction of "State III" emission vehicles; increase auto financial support; raise the VAT rebate rate for vehicle exports and promote vehicle exports. Promote the circulation and consumption of second-hand cars.

The Federation believes that without strong stimulus policies at the national level, retail sales in the car market are expected to decline by 8% in 2020 compared with the same period last year, more than previously expected.

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