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On the 14th, the "Memorandum of Practice for the replacement of vehicles", which has received much attention from consumers, was finally formally introduced. Compared with the previous consultation draft, the most critical part of the old-for-new subsidy amount has not changed and is still in the range of 3,000 to 6,000 yuan. However, after the Ministry of Finance and the Ministry of Commerce and other 10 ministries jointly issued the “new-for-new†approach, auto manufacturers including Beijing Hyundai and Dongfeng Nissan urgently followed up. According to industry figures, the “new trade-in†initiative will have a greater driving and promoting effect on the used car market and commercial vehicle market.
"Old for New" Subsidy Measures
According to the “new-for-new†subsidy scheme, from June 10 to May 31, 2010, if consumers use “discarded cars and redeem new carsâ€, they will receive a benefit subsidy of RMB 3,000 to RMB 6,000. Scrap-related models include: the use of old mini-vehicles less than 8 years old, old and medium-sized rental passenger cars; old and light trucks less than 12 years old; less than 12 years old medium-sized use Passenger cars do not include taxis and various "yellow-marked cars" that are scrapped in advance. Analysts pointed out that the emission quality of these models is poor, and the country intends to increase automobile exhaust emissions while boosting vehicle consumption and promote energy conservation and emission reduction.
Trade-in to release potential energy
When the “replacement of old†was still in the stage of soliciting opinions, the reporter conducted multiple interviews. “Lower subsidies†is the common view of many dealers, consumers, manufacturers, and industry experts. However, not all people therefore rejected the potential enormous energy of the new policy. Last weekend, the reporter interviewed Wang Haibin, the relevant person in charge of Sichuan Jiangling Motors. He told reporters: “This policy is definitely effective. We waited for this policy to be implemented well. "For a long time." For many dealers complained about too little subsidies, Wang Haibin said: "Not exactly so, for many units and individuals, to reach the end of the scrap car can save a little, car purchase tax The province’s money is not much, the effect is not very good?â€
On the 15th, domestic senior automotive analyst Jia Xinguang also said in an interview with reporters: “There are already many commercial vehicle companies in the country that have already raised their sales expectations for the second half of the year, indicating that companies are still very optimistic about this policy, as for subsidies. Too little of the problem, the subsidy of up to 6,000 yuan is not really big, but this subsidy is only enough for the 2000 to 3,000 yuan discount on car purchase tax. The purchase tax preference can have such a good effect, trade-in for commercial vehicles. The stimulatory effect should not be underestimated."
Many car companies increase their subsidies from their pockets
After the issuance of the draft for the implementation of the vehicle replacement regulations, many responding automobile manufacturers have followed up in various ways. Beijing Hyundai first provided an additional subsidy of RMB 6,000 to owners of vehicles using the “replacement of old†method in the Beijing area, and then upgraded the used car to replace the activity of Leading. Dongfeng Nissan also urgently added the “trade-in†program to the second-hand car certification business. It is reported that with the introduction of the “new-for-new†policy, many auto companies have used their own subsidies to attract owners to purchase their own brands.
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