In 2022, the trading volume of used cars is expected to exceed 19 million, and a number of favorable policies are gradually landed

Songguo Finance was informed that according to the news of titanium media App on February 9, the Economic Daily reported that on January 21, the National Development and Reform Commission and other seven departments issued the "Implementation Plan for Promoting Green Consumption". The "Plan" requires that we actively develop the second-hand car distribution business, promote the implementation of the policy of comprehensively canceling the relocation of second-hand cars, and further expand the circulation of second-hand cars. "With the landing and implementation of various favorable policies, especially the 'blocking points' such as tax reductions and restriction policies, the second-hand car market is expected to become a new blue ocean for China's automobile consumption." Luo Lei, deputy secretary-general of the China Automobile Dealers Association, expects that the volume of used car transactions on the mainland will exceed 19 million in 2022, and will launch an impact on 20 million vehicles.

The "Plan" proposes to completely cancel the relocation policy of second-hand cars, which is regarded by the industry as a "cardiotonic agent" to promote the development of second-hand cars. Wang Bin, deputy director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, said that "revitalizing the second-hand car trade can not only drive the consumption of new cars, but also promote the cascade utilization of vehicles and improve the efficiency of resource utilization."