AutoBeta(AutoBeta.net)05/28 Report--

In view of the fact that China's car market is in the doldrums and sales continue to decline, it is rumored that the National Development and Reform Commission is drawing up a new policy to stimulate car consumption, and relevant documents have been released earlier. Before the relevant new policies were formally promulgated and implemented, Guangdong took the lead in taking action.

The Guangdong Provincial CPC Committee and the General Office of the Guangdong Provincial Government recently issued the "implementation Plan for improving the system and Mechanism for promoting consumption," proposing to optimize the automobile consumption environment, gradually relax the car lottery and auction targets in Guangzhou and Shenzhen, and expand the scale of allowed purchase. Other cities in Guangdong Province are no longer allowed to impose restrictions on car purchases.

In addition, the "plan" also requires that, in order to promote the optimization and upgrading of automobile consumption, focus on promoting the application of new energy vehicles and speed up the construction of recharging infrastructure; the emission limits for vehicles in use in the Pearl River Delta region can implement the national five standards during a certain transition period.

The relevant departments of the Shenzhen Municipal Transportation Bureau responded that the specific implementation time and implementation rules for relaxing lottery and auction targets are already under study.

Relaxing the license plate auction is definitely a good thing for consumers. From the results of the Guangzhou-Shenzhen license plate bidding on May 27th, the lowest transaction price of Guangzhou Yue An individual license plate is 40000 yuan, and the average transaction price is 42846 yuan, which has increased from the previous month. In Shenzhen, the lowest transaction price of Yue B individual license plate is 60100 yuan, and the average transaction price is 69873 yuan, which has declined from the previous month.

The relaxation of car purchase restrictions in Guangdong is at the forefront of the country, in response to the National Development and Reform Commission. In April this year, the National Development and Reform Commission issued a draft opinion on the implementation plan to promote automobile consumption and promote the development of circular economy. The National Development and Reform Commission hopes to boost automobile consumption through the new policy and save the sluggish automobile market environment. Specific measures are as follows: in cities where purchase restrictions have been implemented, the purchase restrictions will be gradually relaxed, and the target of new license plates will be raised step by step. The overall number of new license plates in 2019 and 2020 will increase by 50% and 100% respectively compared with 2018; there will be no restrictions on the purchase of new energy vehicles nationwide; speed up the lifting of restrictions on the entry of pickups into cities, and all restrictions on the entry of pickups to cities at prefectural level and below will be lifted by the end of next year.

Many netizens pointed out that purchase restrictions do limit some consumers who want to buy cars, but in order to promote car consumption in an all-round way, factors such as purchase tax and annual inspection also need to be synchronously optimized in order to have further effects.

However, you can rest assured that the relevant implementation documents of the vehicle purchase tax just issued by the Ministry of Finance not long ago will still be charged at the 10% tax rate, which is estimated to remain unchanged for a period of time.

Due to the slowdown in economic growth and the continued decline in consumer demand for cars, domestic car sales have continued to decline, although the state has restarted the automobile policy to the countryside this year, lowering the VAT tax rate for the automobile manufacturing industry. however, these policies have not been well utilized, the effect of benefiting consumers is not obvious, sales continue to decline, and there is no sign of a pick-up in the auto market. Passenger car sales fell 16.9% year-on-year in April and accumulated 11.9% from January to April, with new car sales plummeting by 900000.

At present, the automobile industry is facing the implementation of the sixth national emission standard, which is only more than a month away from the official implementation of July 1, during which mainframe factories and dealers will go through a painful period, and sales are expected to remain depressed. Therefore, the new policy to stimulate automobile consumption in the second half of the year is particularly important.

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