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On May 31, the State Administration of Taxation of the Ministry of Finance issued a notice on the reduction of purchase tax on some passenger vehicles, pointing out that the purchase date is between June 1, 2022 and December 31, 2022, and the price of the bike (excluding VAT) does not exceed 300000 yuan.
New energy vehicles also ushered in the continuation of the policy of exemption from purchase tax after fuel vehicles were granted "exemption" from purchase tax. On July 29th, Premier Li Keqiang presided over an executive meeting of the State Council, which decided to extend the policy of exemption from purchase tax on new energy vehicles. The policy of exemption from purchase tax has an effect on the consumption of automobile terminal market.
In 2018, China's auto market saw its first decline in sales in 28 years, and a new policy is urgently needed to further stimulate sales. In January this year, the National Development and Reform Commission announced that it was considering introducing a new policy to encourage car consumption. On January 29, ten ministries and commissions jointly issued an implementation plan to promote the steady growth of consumption, in which the automobile industry will once again launch the policy of "cars going to the countryside", hoping to invigorate China's automobile market with "cars going to the countryside" with the increment of third-and fourth-tier cities. The program has formulated six major measures to promote automobile consumption, and will promote the scrapping and renewal of old cars, and give appropriate subsidies to car owners who scrap three or less emission standard cars and buy new ones.
On May 26, Shenzhen issued a number of measures to promote the sustainable recovery of consumption in Shenzhen. It is mentioned that Shenzhen will give a maximum subsidy of no more than 10,000 yuan each for individual consumers to buy new energy vehicles. At the same time, the national policy of exemption from vehicle purchase tax for new energy vehicles will be fully implemented. Meanwhile
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.
Car sales fell 79.1% in February from a year earlier, so far, China's auto market has fallen for 20 consecutive months compared with the same period last year. Under the continuing influence of the epidemic, the recovery pace of the automobile industry has been disrupted, and there is still a lot of uncertainty about when to return to proportional growth. According to the latest forecast of the China Association of Automobile Manufacturers, if the epidemic is effectively controlled by the end of March, production and sales are expected to decline by about 45% in the first quarter and about 25% in the first half of the year. China's auto market fell for the first time in 28 years in 2018 and widened to 8.2% in 2019.
On August 19th, Premier Li Keqiang presided over an executive meeting of the State Council, which decided to extend the exemption of new energy vehicles from purchase tax until the end of 2023, and continue to support the exemption of vehicle and vessel tax, consumption tax, road rights and license plates. At the same time, we should establish a coordination mechanism for the development of the new energy vehicle industry and use market-oriented methods.
Affected by the COVID-19 epidemic, China's automobile industry has entered the most depressed period in history, coupled with the original car market environment continues to decline, new energy vehicles have been hit by a substantial decline in subsidies, a series of factors led to a very bleak start to the auto market in 2020. In early February, China's car sales hit a record 92% year-on-year decline, and market anxiety intensified under the impact of the epidemic. However, the industry has high expectations of the car market, that the next car demand will gradually recover, there is the possibility of a concentrated outbreak of demand in the second quarter, policy relief and rescue of the market may set off a new round of the best part. Is the car market going to explode? According to the Chinese ride federation.
On June 2, the Shenzhen Municipal Bureau of Industry and Information Technology announced the implementation rules for Shenzhen to promote the consumption subsidy for new energy cars, which pointed out that the maximum subsidy standard for Shenzhen new energy subsidy was 20,000 yuan. the subsidy period is from May 23, 2022 to December 31, 2022. Except for this
New energy vehicles once again ushered in major good news. On June 21, the Ministry of Finance, the State Administration of Taxation and the Ministry of Industry and Information Technology jointly issued the announcement on extending and optimizing the tax reduction and exemption Policy for the purchase of New Energy vehicles. According to the announcement, the date of purchase is from January 1, 2024 to December 31, 2025.
In the face of the epidemic of COVID-19 since 2020, all kinds of industries are particularly difficult, including the automobile industry, which is one of the pillars of the national economy. Due to the continuing impact of the epidemic, the entire industry has failed to achieve a better-than-expected recovery, so the country has issued a number of policies to stimulate consumption, including plans such as the postponement of the sixth day of the country, but the news has never been implemented.
From June to August this year, about 3.553 million vehicles across the country enjoyed the vehicle purchase tax reduction policy, with a cumulative reduction of 23.04 billion yuan and an average daily reduction of about 250 million yuan, according to the latest data from the State Administration of Taxation. Specifically, the tax reduction policy vehicles will be enjoyed in June.
On May 29, the Shanghai Municipal people's Government issued the Shanghai Action Plan for accelerating Economic recovery and Revitalization, which pointed out that automobile consumption was vigorously promoted, 40,000 non-commercial bus licenses were added during the year, and the purchase tax on some passenger cars was reduced periodically in accordance with the requirements of national policy. December 3, 2022
Affected by the epidemic, the automobile industry ushered in a very difficult period. In terms of terminal retail, car dealers delayed to return to work, passenger flow decreased significantly, new car sales and after-sales efficiency decreased significantly, and business difficulties generally appeared. To this end, the all-China Federation of Industry and Commerce Automobile Dealers Chamber of Commerce issued a proposal to study and introduce necessary policies and measures as soon as possible to increase phased policy support for automobile production, distribution, service and other industries, so as to promote the stable and healthy development of the automobile market and the whole industry chain. Dealers will say that COVID-19 's epidemic has made the auto market, which has been experiencing negative growth for two years in a row, even worse, making it difficult for 4S stores to operate normally and enjoy normal passenger flow.
On March 29, the Commerce Bureau of Changchun City, Jilin Province issued the guidance on promoting consumption in the field of commerce and trade in the near future. Among them, in promoting automobile consumption, Changchun has launched a number of policies to encourage automobile consumption, including subsidies for car purchases, more targeted credit policies, and simpler testing, reporting and licensing services, as well as greater support for carrying out thematic car sales activities and corporate advertising. Specifically, Changchun encourages consumers to buy new cars, cars produced in Changchun and sold in the province, each with an one-time subsidy of 3% of the purchase price, up to a maximum of 4000 yuan.
Since the National Development and Reform Commission and other ten ministries and commissions issued policies to encourage automobile consumption and a new round of "cars going to the countryside", a number of automobile companies have launched preferential policies one after another. After FAW-Volkswagen, Changan Auchan, Haima Automobile and Beijing Automobile, SAIC-Volkswagen, Dongfeng Nissan and Great Wall Harvard have also joined the ranks of discounted car purchases in the countryside. Harvard Brand officially announced that from now until February 28, H6, H2 and M6 models of the Harvard brand all participate in subsidies for cars going to the countryside, including red envelopes for car purchases and subsidies for car manufacturers to the countryside. Among them, H6 subsidy is the biggest, and consumers will enjoy red envelopes with a maximum value of 4999 yuan for car purchases, as well as the highest.
Since the beginning of 2019, in order to increase domestic demand, the National Development and Reform Commission, together with the Ministry of Industry and Information Technology, the Ministry of Commerce and other ten ministries and commissions, jointly issued the implementation Plan for further optimizing supply, promoting steady growth of consumption and promoting the formation of a strong domestic Market (2019). Put forward 24 specific measures in six aspects, involving automobile consumption, household appliance consumption, rural consumption, 5G commercial and other areas. In terms of automobile consumption, car companies in China and domestic independent brands have launched relevant car purchase policies, such as FAW-Volkswagen, Changan Auchan, Haima Automobile, Beijing Automobile, SAIC-Volkswagen, Dongfeng Nissan and Changan Harvard.
After the epidemic, the promotion of automobile consumption was once again put on the agenda. Wang Bin, head of the Consumer Promotion Department of the Ministry of Commerce, said at a news conference on March 28 that the epidemic had a great impact on automobile consumption in the short term. Stabilizing and expanding automobile consumption and promoting consumption upgrading are conducive to accelerating the formation of a strong domestic market. Wang Bin said: the automobile is a strategic and pillar industry of the national economy, and automobile consumption cooperatives have a high zero share, large growth space, and strong driving benefits, which is the main content of the upgrading of the consumption structure. Since 2018, the CPC Central Committee and the State Council have issued a series of policies and measures to stabilize automobile consumption, which can be summarized in at least eight aspects.
A few days ago, Changan Auchan Automobile issued a notice that the company implements the subsidy policy of going to the countryside and can enjoy a maximum subsidy of 22000 yuan from manufacturers. This is also the first manufacturer to respond to the call since the ten ministries and commissions announced the policy of "cars going to the countryside". According to statistics, the overall sales of Changan Auchan brand in 2018 was 192745 vehicles, ranking 26th among all domestic brands. At present, there are 9 models on sale under the Auchan brand, including Changan Ono, Auchan X70A, Auchan A800 and so on. In 2018, China's auto market fell for the first time in 28 years, and in January this year, the National Development and Reform Commission announced that it was considering introducing a new policy to encourage automobile consumption. Send it.
This year and next year, Guangzhou and Shenzhen have decided to increase the number of license plates by a total of 180000, and relax purchase restrictions to promote automobile consumption. On June 2, the transportation bureaus of Guangzhou and Shenzhen issued notices to increase the allocation quota of cars, adding 80, 000 and 100000 license plates respectively from 2019 to 2020, becoming the first new policy to stimulate automobile consumption in the country. Beijing, Shanghai and other places have not followed up yet. Constrained by slowing economic growth and falling consumer demand for cars, the domestic auto market is in an extremely depressed environment. Since June 2018, new car sales in China have fallen one after another for 12 consecutive months.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
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