Zhongxin Finance, June 1 (Ge Cheng) The automobile market ushered in favorable policy news.On May 31, the detailed rules to reduce the purchase tax of some passenger cars by 60 billion yuan in stages were implemented.
The Ministry of Finance and the State Administration of Taxation issued an announcement to clarify that the purchase date is within theperiodfrom June 1, 2022 to December 31, 2022 and the price of a bicycle (excluding value-added tax)does not exceed 300,000 yuan. Vehiclepurchase tax will be halved.
Some analysis shows that the policy has far exceeded market expectations and is expected to drive 1-2 million new demand for passenger cars.The Passenger Car Association directly raised the expected sales of passenger cars in 2022 from 19 million to 21 million.
Cui Dongshu, secretary general of the Passenger Federation, said that this policy is expected to drive the full explosion of sales of self-owned brands, joint venture brands and some entry-level luxury brands, with huge potential.
Buying Mercedes-Benz, BMW, Audi can also reduce taxes?
Speaking of the difference in this tax reduction policy, Zhongxin Finance noticed that, unlike the two purchase tax reduction and exemption policies in 2009 and 2015, this tax reduction policy includes a larger vehicle base.
In the past, the target of tax reduction policies wasmainly passenger cars of 1.6 liters and below.The target of this tax reduction policy isincreased to passenger cars of 2.0 liters and below.
In addition, this tax reduction policy alsoincludes models with abicycle price (excluding VAT) of not more than 300,000 yuan , and entry-level models fromMercedes-Benz, BMW, Audiand other brands are also included in the scope of tax reduction. .
Previously, due to the influence of relevant policies, the structure of automobile products had changed.The data shows that in 2015, the proportion of 1-1.5-liter models in the market was 43.2%, while in 2017, it reached 51.2%.With the expiration of relevant policies, the proportion of models with other displacements will gradually recover.
However, this tax reduction policy will not reproduce the previous changes in the structure of automobile products.The Passenger Federation said that the main reason is that the target of this tax reduction policy has included passenger cars of 2.0 liters and below, covering a wider range, which is conducive to the relative structural stability of the market and better driving sales. Grow and reduce model volatility.
Expected to drive 2 millionnewvehiclesales
Previously, due to the combined impact of factors such as the epidemic and the interruption of supply in the industrial chain, the performance of the auto industry was lower than expected.According to data previously released by the China Automobile Association, from January to April 2022, the sales volume of the automobile industry is expected to complete 7.68 million vehicles, a year-on-year decrease of 12.3%.
According to the data disclosed by the Federation of Passenger Transport Associations, the decline in sales of traditional fuel vehicles is even more serious.From January to April 2022, the cumulative sales volume of traditional fuel vehicles for passenger vehicles was 4.92 million units, a decrease of 18% from the cumulative growth rate of the same period last year.
The Passenger Federation believes that stimulating the consumption of traditional fuel vehicles is a top priority.Through the implementation of the60 billion yuan car purchase tax reductionmeasures, it can effectively promote the restoration of consumer confidence among mainstream consumer groups, stimulate the consumption of traditional fuel vehicles, and improve the survival status and development confidence of dealers.
The Passenger Car Association expects that, driven by policies, the passenger car market will recover rapidly.After the policy is implemented, the auto market will usher in a round of hot market, and according to past experience, the climax period will be 2 months before the policy expires, that is, November and December this year.At that time, the auto market will also show a hot state that has not been seen for many years.It is estimated that the increase in car sales brought about by the tax cut policy will be around 2 million.(Finish)
【Editor: Shao Wanyun】
