The two major subsidy policies for car going to the countryside and trade-in in 2010 will continue in 2012.
Yesterday, the author was informed that the relevant state departments will introduce automobile consumption to the countryside, trade-in and other incentives for consumption policies, and will be announced in the near future.
Under the pressure of sustained economic downturn, steady growth began to “reuse†industrial policies. The new automobile consumption policy will also contribute to the promotion of domestic demand to stimulate consumption.
"Since last year, there have been rumors that the policy of car going to the countryside will continue to be implemented. From the actual sales of cars this year, the enthusiasm of ordinary people's car consumption is not high. The role of the automobile industry in stimulating domestic demand is very significant; in addition, the state is Promoting the transfer of industries to the central and western regions, including the development of the rural market in the central and western regions, does require policy promotion.†Cui Dongshu, deputy secretary general of the National Passenger Car Association, told reporters.
It is reported that the car to the countryside policy to be implemented this year is mainly to promote the micro-cars below 1.3L displacement into the rural market. "The economic subsidy for the 10% of the car price for the farmers to buy a car, the maximum subsidy of 5,000 yuan per vehicle." The insider disclosed to the reporter.
The car going to the countryside is a policy of benefiting farmers proposed by the State Council on January 14, 2009, "Automotive Industry Adjustment and Revitalization Plan". From 2009 to the end of 2010, the state has invested 5 billion yuan to retire farmers to tricycles and Low-speed trucks will be given a one-time financial subsidy for the purchase of light-duty trucks and the purchase of mini-buses with a displacement of 1.3 liters or less. During the implementation of the policy, conservative estimates have boosted automobile consumption by over 100 billion yuan.
The car replacement policy was first introduced in June 2009. At that time, it was stipulated that those who scrapped old cars in advance and purchased new cars could enjoy subsidies ranging from 3,000 to 6,000 yuan. Data show that from January to November 2010, the country handled nearly 347,000 vehicles for old-for-new subsidies, and granted subsidy funds of 4.97 billion yuan, driving new car consumption by 38.2 billion yuan.
"From the current situation, the downturn in the auto industry does require the promotion of relevant policies." Xu Changming, director of the Information Resource Development Department of the National Information Center, told the Shanghai Securities News. According to data from the China Association of Automobile Manufacturers, in April this year, China's automobile sales reached 1,264,400, a decrease of 11.7% from the previous month. In the first four months, the overall sales volume decreased by 1.3% from the same period of the previous year.
In terms of trade-in, the new policy will be implemented to replace the car with a certain range (such as selecting a specific type of car, a car for a specific service target, etc.), and encourage the promotion of urban taxis and the elimination of yellow-label vehicles.
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