New measures to promote automobile consumption

　　Recently, Minhou County, Fuzhou City, Fujian Province, has effectively eased the cash flow pressure of automobile enterprises and added impetus to the development of automobile industry by implementing tax reduction and fee reduction policies such as value-added tax deduction and tax refund. The picture shows workers of an automobile enterprise in Minhou County assembling vehicles in the assembly workshop. Photo by Wang Wangwang (People’s Vision)

　　Activate the used car market, support the consumption of new energy vehicles and improve the parallel import policy of automobiles & HELIP; … A few days ago, the the State Council executive meeting focused on promoting automobile consumption, and deployed a series of policy measures from various aspects. The policy implementation predicted that the automobile and related consumption would increase by about 200 billion yuan this year.

　　Accelerated circulation of used cars

　　The meeting proposed to enliven the used car market and promote the renewal of automobile consumption. For small non-operating used cars, the restrictions on moving in cars that meet the national five emission standards will be completely lifted from August 1. From October 1, automobile sales enterprises will implement separate endorsement management and issue temporary license plates when applying for transfer registration.

　　In recent years, China has issued a series of policies to support the circulation of used cars, including abolishing the restrictions on the movement of used cars, reducing the value-added tax of used car distribution enterprises, and making the registration of used car transactions universal across provinces. Although the circulation environment of used cars in China has obviously improved, compared with mature automobile market countries such as Europe, America and Japan, its development is still immature. Cui Dongshu, secretary-general of the Passenger Car Market Information Association, told this reporter: "China’s used car industry has not got rid of ‘ Small, scattered and weak ’ The situation, the restrictions on the movement of used cars, the constraints of taxation methods and the lack of temporary property rights registration were important reasons that hindered the convenient circulation of used cars. "

　　In May this year, the State Council issued "A Package of Policies and Measures to Stabilize the Economy", proposing to completely cancel the policy of restricting the movement of second-hand cars, lift the restrictions on the movement of small non-operating second-hand cars that meet the national five emission standards nationwide, and improve the regulations on the registration, filing and vehicle transaction registration of the main body of the second-hand car market.

　　The Standing Committee of the National People’s Congress clearly proposed to accelerate the activation of the used car market, and gave a clear implementation date for the comprehensive cancellation of the restrictions on the movement of used cars and other related measures. "The complete cancellation of the restrictions on the movement of used cars will greatly promote the flow of used cars, further enrich the sources of used car markets and promote the formation of a unified national market for used car transactions. Especially for car dealers, this is undoubtedly a ‘ Gift package ’ 。” Cui Dongshu said.

　　According to the China Automotive Strategy and Policy Research Center of China Automotive Technology and Research Center, it is predicted that about 4.9 million old cars in China need to be updated this year. According to the average selling price of new cars of 150,000 yuan, the updating of these old cars is expected to bring 735 billion yuan of consumption-driven effect this year.

　　Support the consumption of new energy vehicles

　　The meeting made it clear that it is necessary to support the consumption of new energy vehicles. Vehicle purchase tax should be mainly used for highway construction, etc., considering the current practical research on the extension of the policy of exempting new energy vehicle purchase tax after the end of the year. Break the local protection of the new energy vehicle market.

　　"The cumulative sales volume of new energy vehicles has risen sharply from 20,000 at the end of 2012 to 11.08 million at the end of May this year. Since 2015, production and sales have ranked first in the world for seven consecutive years." Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, said recently that China’s new energy automobile industry has become an important force leading the transformation and upgrading of the global automobile industry.

　　China has been exempted from vehicle purchase tax for new energy vehicles since September 1st, 2014. After the implementation of the policy, the purchase cost of new energy vehicles has been effectively reduced and the consumption of new energy vehicles has been directly promoted. According to the current policy, the tax exemption policy will expire on December 31, 2022.

　　China Automotive Strategy and Policy Research Center of China Automotive Technology and Research Center pointed out that this regular meeting of the National People’s Congress clearly proposed to consider the extension of the current practical study on the exemption of new energy vehicle purchase tax policy, which will promote the relevant departments to speed up the research, comprehensively consider key factors such as tax revenue and industrial development, and put forward practical policy plans to better play the guiding role of policies in the industry.

　　Cui Dongshu suggested that the policy of exempting new energy vehicles from vehicle purchase tax should continue until 2023, and study the implementation method of gradually resuming the collection of vehicle purchase tax, so as to turn the collection of vehicle purchase tax into a tool to stimulate the consumption of new energy vehicles, ensure a smooth transition and continuously improve the penetration rate of new energy vehicles.

　　Consumers will have more choices.

　　The meeting stressed that it is necessary to improve the parallel import policy of automobiles, develop automobile financing leasing in an orderly manner, and support the construction of parking lots.

　　Cui Dongshu introduced that for consumers, parallel imported cars simplify the circulation and allow consumers to buy imported cars at more affordable prices; The policy of parallel import of automobiles has realized the simultaneous listing of foreign products in China market, enriched the models of automobiles and won the favor of consumers.

　　Since the pilot of parallel import of automobiles was deployed in the State Council in 2014, the scope of the pilot of parallel import of automobiles has been gradually expanded, the import volume has been increasing, and the imported models have become increasingly rich, which has played an important role in breaking the monopoly of imported automobiles, accelerating the innovation and development of automobile circulation system, stimulating the vitality of automobile market, and meeting the diversified needs of consumers. Up to now, 22 of the 29 vehicle import ports in China are carrying out parallel automobile import business.

　　Cui Dongshu said: "The clear improvement of the parallel import policy this time will help to solve the key problems in the development of parallel import of automobiles as soon as possible, and also help to comprehensively expand the pilot effect. It is even better news for consumers, which will help restore consumer confidence and stimulate consumer demand. "