Car start-up stimulus policy is in full swing

When the financial crisis struck in 2008, the government launched a car replacement policy in early 2009 and the preferential policies for cars to the countryside have indeed played a role in stimulating domestic demand. The data shows that since the implementation of the automobile-to-country policy from 2009 to 2010, government subsidies have invested 4.97 billion yuan, driving new vehicle consumption to 38.2 billion yuan, and benefiting more than 1 million vehicles. The subsidy policies of the two major automakers directly stimulated the sales of more than 1.5 million vehicles, which is close to 10% of the total auto sales for the whole year. The stimulating effect on the auto market is quite obvious.

A new round of car consumption stimulus policies is in full swing. In 2010, the automobile consumption stimulus policies that had driven the consumption of new cars reached 38.2 billion yuan, making a comeback. Among them, the trade-in policy for old cars has started the "top gun." On June 13, the Ministry of Commerce and the Ministry of Finance jointly issued an announcement clarifying the range of vehicle subsidy and subsidy standards for old and new cars in 2012.

For another caring policy --- car to the countryside, Zhang Xiangmu, the director of the Ministry of Industry and Information Technology of the Ministry of Industry and Information Technology recently revealed that the specific plan is still under discussion among various ministries and commissioning committees, and the time for promulgation is uncertain. However, there are brokers expected to be introduced at the end of the month. Prior to this, Chongqing Municipality took the lead in initiating a new round of automobile-to-country policy, which has aroused widespread concern.

Trade-in for commercial vehicles The Ministry of Finance of the Ministry of Commerce announced on June 13 that the Ministry of Finance and State Economic and Trade Commission will issue a "Provisional Interim Measures on the Administration of the Retirement Subsidy Fund for Old and Old Automobiles" for the period from January 1, 2012 to December 31, 2012. Different types of products sold to end-of-life vehicle recycling companies are given different subsidies.

Among them, the use of more than 6 years (including 6 years) and less than 15 years, the car length is greater than 4.8 meters (including 4.8 meters), less than 7.5 meters, and in the same year the updated rural passenger vehicles, the subsidy standard is 11,000 yuan per vehicle. .

For 8 years (including 8 years) and less than 15 years, the bus length is greater than 6 meters (including 6 meters) or the number of passengers is more than 20 people (including 20 people). The car is 18,000 yuan; the length of the bus is less than 6 meters and the number of passengers is 10-19. In the same year, the updated city bus has a subsidy standard of 11,000 yuan per car.

For semi-trailer tractors with more than 10 years (including 10 years) and less than 15 years, and heavy-duty trucks with total mass of more than 12,000 kg (including 12,000 kg) (including ordinary trucks, vans, and storage trucks) Closed trucks, tank trucks, flatbed trucks, container trucks, dump trucks, special structural trucks, etc., do not include trailers and semi-trailers. The subsidy standard is RMB 18,000 per vehicle.

The announcement made clear that old car owners who meet the scope of the above subsidy may, in accordance with the relevant regulations, rely on the original and copy of the “Application Form for the Dismantlement and Renewal of Old Automobile Subsidy Funds”, the original “Recovery Certificate for Retired Vehicles” and the “Deregistration Certificate for Motor Vehicles”. Original documents and copies of vehicle purchase invoices, original and copy of valid identity certificates, passbooks of personal bank accounts with the same name of the owner, or copies of account opening certificates of the unit account should be updated to apply for subsidies.

“The old car scrapping and updating subsidies promoted by this time are mainly aimed at old buses and heavy trucks, and do not include the retirement of light trucks and other models launched in 2009,” said Cui Dongshu, deputy secretary-general of the National Passenger Car Market Information Association. The trade-in stimulus policy launched in June 2009 contains almost all models, of which there are two outdated renewal and yellow-label car updates, and all involve almost all automobile models, which should be greater efforts. He said that the scrapping update was mainly aimed at the impact of other listed items such as city buses, trucks, and so on.

The market is not without the necessity of pulling. In fact, speculations and anticipation of new car stimulus policies have become a cure for the auto market in the hearts of all parties. The announcement of the retirement subsidies for old cars has also been interpreted by the outside world as one of the steps in the new round of automobile stimulus policies. However, according to Xu Changming, the market strategy expert of the Ministry of Commerce, this is not the case. He said that in view of the performance of the auto market in the first quarter, it is not necessary or fully sustainable to initiate a policy of stimulating auto consumption similar to that in 2009, but some structural incentive policies should be appropriately introduced. For example, increasing the scrapping and updating of old cars. This will not only increase car consumption, but also provide energy conservation and environmental protection.

The introduction of automobiles to the countryside or the end of the month Recently, Zhang Xiangmu, Director of the Department of Equipment of the Ministry of Industry and Information Technology, declared to the public that the new round of automobile stimulation policies was indeed in the process of formulation. “The specific plan is still in the process of discussions among various ministries and commissions, and the time for the introduction is still uncertain.” The Ministry of Commerce did not disclose the total subsidy for the current trade-in replacement policy for this vehicle. However, under the anticipation of the country's plan to introduce a new round of auto consumption stimulus policies, the old-fashioned trade-off policy that initiated the "top gun" still aroused widespread concern.

Affected by the overall economy, the auto market has been sluggish this year and did not grow until May. In response to the impact of the current slowdown in domestic economic growth, China plans to introduce a new round of policies to stimulate the development of the auto industry, including trade-in and automobile to the countryside.

In 2009, China introduced the policy of stimulating auto consumption for the first time, which promoted the growth of the Chinese auto market against the market and rapidly entered the ranks of the world’s largest market. Therefore, this year's stimulus policy is also high hopes. "The introduction of a new round of stimulus policies is a good thing, and the current auto market needs policy pull," said the relevant person in charge of the China Automobile Industry Association.

The current trade-in policy for cars has been clarified, and the automobile-to-township policy has become the focus of the industry.

"The introduction of a joint policy by local governments and local car companies has a limited direct impact on national car sales, but it has a leading role. It is expected that the country's car-to-country policy will be launched at the end of the month," Guotai Junan Hong Kong has released in its report.

The securities firm also pointed out that the automobile to the countryside policy is more suitable for the policy orientation of the country at this stage. It does not want the automobile to grow too fast and lead to urban congestion. It can also improve the production efficiency and living standard of farmers. It is reported that more auto new policies are expected to be introduced this month.

Li Daokui, director of the China and World Economic Research Center at Tsinghua University, said that the auto industry itself does not need large-scale stimulus like 2008 and 2009. This kind of stimulus has delayed the auto industry's own reforms. However, the auto market needs to promote structural adjustment in key areas, promote the transformation of the consumption structure, and promote the healthy development of the industry.

Links to Chongqing's “Automobiles to the Countryside” Prior to the introduction of the national auto-to-country policy, local governments took the lead. On May 31, Chongqing Municipality decided to subsidize 6% of the mini-buses, light-duty, and mini-vehicles produced within its jurisdiction in accordance with the purchase price of 6% of the sales price of the purchased cars. The maximum price shall not exceed 3,000 yuan.

Compared to the 2009 rural policy, Chongqing's local version of the “car to the countryside” policy subsidy has relaxed its scope. It is reported that specific details of the relevant departments of Chongqing Municipality are conducting research and it is expected that next month, the action of the automobile to the countryside will be launched one after another. In the afternoon of the same day, Chongqing local car companies Changan Automobile and Dongfeng Xiaokang respectively proposed to give additional subsidies of 4% and 6% of the car sales price, with a maximum of 5,000 yuan and 5,500 yuan.