In the first four months of this year, once the “cargo†commercial vehicle in China’s auto market grew rapidly, the sales volume may have increased substantially. The day before yesterday, the State Council executive meeting made arrangements to use financial subsidies to encourage cars to replace the old ones. Specifically, on the basis of the existing retirement subsidies for old cars, expand the scope of subsidies and increase subsidies. For medium-, light-, micro-duty trucks and some medium-sized passenger vehicles that meet certain service life requirements, those that prematurely scrapped and redeployed new cars, or those that failed to meet the national I standards for the discharge of waste pollutants in advance and those that did not meet the requirements III. Standard diesel vehicles, and redemption of new ones, shall in principle be subsidized at a rate not higher than the single vehicle purchase tax for the same type.
This is after the "cars go to the countryside" in March and the "Treasury Ministry increased support for the retirement subsidies for old cars" in March. After that, the government departments have taken actions to "protect and escort" commercial vehicle sales, and their efforts are also great. Far more than passenger cars.
According to the statistics from China Association of Automobile Manufacturers, from January to April 2009, the production and sales of trucks were 743,100 units and 719,700 units, an increase of 17.11% and 11.99% year-on-year; the production and sales of semitrailer tractors were 23,900 units and 28,400 units, a year-on-year decrease of 73.51. % and 69.21%; production and sales of non-holistic vehicles for passenger cars were 21,200 and 21,300, a year-on-year decrease of 38.38% and 37.12%; sales and sales of non-integrated trucks were 171,700 and 16,200, representing a year-on-year decrease of 17.71% and 18.74%.
Car analyst Jia Xinguang said that the previous government’s efforts in the retirement policy of old cars were not big enough. At present, the commercial vehicle fleet in China is about 26 million vehicles, and the annual scrap amount is 300,000-500,000, which is calculated annually. The scrap rate is only about 2%. If this is extrapolated, there are about 5 million "yellow cars" produced at the end of the last century and the beginning of this century. Therefore, increasing the intensity of scrapping has a positive effect on energy saving and environmental protection, driving safety, and transportation efficiency. "The key to promoting the development of the commercial vehicle market is not only the preferential policy on sales prices and the improvement of the transportation environment, but also the increased enforcement of the retirement policy. Therefore, implementation details are very important," Jia Xinguang pointed out.
For this measure, the public car companies are also eagerly looking forward to the relevant subsidies details as soon as possible.
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