Reprinted-Development and Reform Commission and other 11 departments accurately implemented policies to promote the upgrade of automobile consumption

The car market has good news again! A few days ago, the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology and other 11 departments jointly issued the\"Notice on Measures to Stabilize and Expand Automobile Consumption\", proposing to adjust the implementation of the National Six Emission Standards, improve the financial and tax support policies related to the purchase of new energy vehicles, and speed up Eliminate five tasks including scrapping old diesel trucks, smoothing second-hand car circulation transactions, and making good use of automobile consumer finance, and actively create a market environment that is conducive to automobile consumption and continue to release the potential of automobile consumption.

Experts pointed out that China's auto consumption potential is still very large, and auto companies must practice their internal skills, and under the policy incentives, improve product cost performance, drive the auto market recovery, and promote economic growth and social development.

Environmental protection upgrade drives consumption

\"The core of the policy is to promote environmental protection and upgrade the environment, while promoting the sustainable development of the future automobile consumer market, especially the sustainable development of new energy vehicles, and promoting the upgrade of automobile consumption. \" National Passenger Car Market Information Joint Secretary General Cui Dongshu said.

The\"Notice\" makes it clear that the new energy vehicle purchase subsidy policy will continue until the end of 2022, and the intensity and pace of the subsidy retreat from 2020 to 2022 will be slowed down to speed up the subsidy fund liquidation; accelerate the promotion and application of new energy vehicles in urban public transportation and other fields; The preferential policy of exempting vehicle purchase tax for new energy vehicles will continue until the end of 2022.

Zhang Jianping, director of the Regional Economic Cooperation Research Center of the Research Institute of the Ministry of Commerce, told this reporter that a series of new energy initiatives is very critical. In recent years, the production capacity of new energy vehicles has been rising rapidly, and the growth momentum has been fierce. The relevant policy is just to help new energy vehicles find market exports.

Since last year, most regions have implemented the\"National Six\" standard. In this notice, the relevant requirements for the implementation of China VI emission standards were further adjusted. Ye Shengji, chief engineer of the China Association of Automobile Manufacturers, pointed out that the early implementation of the National Sixth Emissions Standards for 2019 is based on the originally technically difficult and time-intensive emission upgrades, which were implemented one year in advance. The auto industry has withstood the pressure, and industry companies have adjusted their plans one after another to speed up product research and development, production preparation, and even take two steps in one step to directly develop China VIB products.

\"Adjusting the relevant requirements for the implementation of the National Six emission standards actually helps to stabilize the current market and stabilize the supply and demand relationship, so that the market can take a breather and is conducive to the recovery of the automotive consumer market. \" Zhang Jianping said.

According to the “Notice”, the cut-off period for the production transition period of the particulate matter limit of the National Sixth Emission Standard for light-duty vehicles will be adjusted from before July 1, 2020 to before January 1, 2021; Standard light vehicles are allowed to be sold and registered in regions that have not yet implemented China VI emission standards until January 1, 2021.

Lead and stimulate potential needs

At present, China's automobile consumption is in the process of transformation and upgrading, and new consumer demand is more concentrated on products with higher added value and higher technological content. How to effectively guide and stimulate potential consumer demand requires a policy to encourage auto consumption to accelerate the recovery of the auto market.

The\"Notice\" proposes to optimize the system of vehicle transaction registration, implement the policy of comprehensively abolishing the restrictions on the relocation of second-hand vehicles, expand the export business of second-hand vehicles, revise and promulgate the\"Administrative Measures for the Circulation of Second-hand Vehicles\", give play to the role of an electronic file system for vehicle maintenance, and support second-hand vehicle transactions Accelerate the circulation of second-hand cars and drive consumption of new cars. At the same time, strengthen the management of the second-hand car industry and regulate the behavior of second-hand car dealerships. From May 1, 2020 to the end of 2023, sales of used cars to second-hand car dealers will be reduced by 0.5% of sales tax.

The\"Notice\" also made it clear that automobile consumer finance should be used well, encourage financial institutions to actively develop financial services such as automobile consumer credit, and increase the support for personal consumer credit for automobiles by appropriately reducing the down payment ratio and loan interest rate and extending the repayment period. Continue to release the potential of automobile consumption.

In Zhang Jianping's view, encouraging second-hand car circulation transactions and making good use of automobile consumption financial policies are actually encouraging everyone to replace new cars and promote the upgrading of automobile consumption. \"At present, China is in the stage of consumption upgrade. If it is done well in this aspect, it can play a relatively strong supporting role in tapping the potential of the automotive market. \"

The automobile industry practises its internal strength to welcome opportunities

In the first quarter of this year, affected by the epidemic, automobile production and sales declined year-on-year.

The five measures released this time are conducive to stabilizing the automobile consumer market, moderately expanding automobile sales, and allowing the automobile industry to continue to play an important role in economic growth and stable employment.

At present, the production base of complete vehicles has basically been resumed, and the resumption of production has reached 75% of the level of the same period last year. However, in Zhang Jianping's view, the pressure in the second half of the year is still greater, and competition will become increasingly fierce. For example, the industry's concentration, independent brands, and key components have not been resolved. \"Car consumption is the consumption of large durable goods, which is closely related to the income expectations of residents and the expectations of economic growth. Although the current epidemic has been effectively controlled and the resumption of production and production is also progressing in an orderly manner, the residents’ expectations are affected to a certain extent. As a result, the income levels of some groups are also affected, which will affect automobile consumption. \"

Under the new situation, new energy vehicles are developing in the direction of high-tech content, and consumer demand for mid-to-high-end vehicles is rapidly rising. In contrast, the supply capacity of products on the supply side is still lacking. \"The automotive industry must practice internal skills to improve the quality, technical content, and after-sales service of automobiles. Under the encouragement of relevant national policies, the cost performance should also be better, so that it can attract consumers. To promote market recovery.\"Zhang Jianping suggested. (People's Daily Overseas Edition / Xu Peiyu)