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Car purchase indicators have increased significantly Subsidy restrictions have decreased

Car purchase indicators have increased significantly Subsidy restrictions have decreased
Car purchase indicators have increased significantly Subsidy restrictions have decreased

The audience visited at the Guangzhou Motor Show. Xinhua News Agency (Infographic)

On April 28, "Several Measures to Further Promote Consumption in Guangdong Province" was released, which includes a series of policies to encourage automobile consumption. Some insiders believe that the policy introduced this time can be regarded as a continuation of last year's car trade-in policy, but the intensity is greater, not only the car purchase index increases, but also for the purchase of new energy vehicles has not been increased, I believe it will play a significant role in promoting automobile consumption, especially to meet the needs of basic cars.

It is understood that the "Several Measures for Further Promoting Consumption in Guangdong Province" shows that three major measures have been launched to encourage automobile consumption: including continuing to implement the special action of replacing old cars with new cars, scrapping or transferring out old cars with Guangdong number plates under personal names, and at the same time giving subsidies to new cars that purchase old-for-new models in the province and put them on the plate in the province; encouraging the purchase of new energy vehicles, giving subsidies of 8,000 yuan / vehicle that meet the conditions; and further optimizing the management of car purchases. Guangzhou and Shenzhen increased the issuance of incremental indicators for automobiles. From May to June, on the basis of the original, Guangzhou added 30,000 car purchase indicators and Shenzhen added 10,000 car purchase indicators to better meet the needs of the masses for car purchases.

Subsequently, the Guangdong Provincial Development and Reform Commission announced the specific details of the promotion of automobile consumption, including the scope of subsidies and the duration of subsidies.

The period of subsidy for the purchase of new energy vehicles is from May 1 to June 30, 2022, and the date of the car purchase contract must be within this period. After completing the registration of the motor vehicle and obtaining the driving license, the consumer should submit the subsidy application in a timely manner, and the application date must be before November 30, 2022, and the late application will not be subsidized.

Hot reviews in the industry

Yan Fei, president of the Guangdong Automobile Dealers Association, said: "The old for new" policy has been significantly strengthened

Yan Fei, president of the Guangdong Automobile Dealers Association, believes that the policy of stimulating automobile consumption introduced by the provincial government this time is also a continuation of last year's measures to promote automobile consumption 'old for new', but the intensity is significantly greater. One of the most obvious bright spots is the reduction of restrictions on encouraging the purchase of new energy vehicles. That is to say, as long as the purchase of new energy models in the province that meet the conditions of "old for new", they will enjoy government subsidies. Whether it's an add-on purchase or a trade-in. According to last year's policy, if the consumer already has a car in his name and buys an additional one, he cannot enjoy the subsidy. According to the latest policy, as long as an individual purchases a new energy vehicle, regardless of whether there is a car under the previous name, he can enjoy a subsidy of 8,000 yuan per vehicle.

Moreover, the car purchase index has increased significantly. "In particular, Guangzhou has added 30,000 indicators in two months, which is quite powerful." Yan Fei said that the policy introduced this time will have a positive effect on the automotive industry to actively respond to the impact of the epidemic, promote the orderly recovery and development of automobile consumption, and effectively stimulate the local car market. According to the notice on the number of incremental indicators for small and medium-sized passenger cars in Guangzhou and Shenzhen, a total of 19,825 incremental indicators for small and medium-sized passenger cars to be configured in Guangzhou in April 2022, while a total of 6,683 incremental indicators for ordinary cars to be configured in Shenzhen.

Cui Dongshu, secretary general of the National Association of Passenger Vehicles: The support of real money and silver will produce a good pulling effect

Cui Dongshu, secretary general of the All-China Passenger Transport Association, also believes that the policy of promoting automobile consumption introduced by Guangdong Province this time is of great significance to driving the car market, especially promoting the development of new energy vehicles. For the development of hybrid models, it will also bring obvious promotion effect.

First of all, the policy not only increases the number of existing car purchase indicators, but also increases the probability of consumers winning the car purchase. Moreover, through the promotion of local governments and the support of real money and silver, it will have a good pulling effect on promoting consumption.

From the list of models promoted by the new energy vehicle purchase subsidy activity in Guangdong Province, it can be seen that there are nearly 50 new energy models of different brands (including pure electric and hybrid models) selected this time. Among them, more than half of the products under independent brands, BYD and GAC have relatively many products, and the new domestic car-making forces are only Xiaopeng.

From the perspective of the price range of the models promoted in the subsidy list, it covers the price range of 100,000 yuan to 250,000 yuan, and most of the models are priced below 200,000 yuan. According to the automobile consumption data for the first quarter of 2022 recently released by the Guangzhou Municipal Bureau of Statistics, the retail sales of new energy vehicles increased by 1.2 times year-on-year, and the retail sales were 8.132 billion yuan. In the sales data released by the National Association of Automobile Manufacturers, in the first quarter of this year, the sales growth rate of several leading enterprises in the new car-making forces and the new energy brands in traditional car companies basically exceeded three digits. "At present, new energy vehicles are the core increase in consumption, which is in line with the development trend of chinese household plural ownership and aging. Because electric vehicles meet consumer demand, they have become the highlights of market-oriented development. At the same time, plug-in hybrid has also made a certain breakthrough in replacing fuel vehicles, so there is huge room for development to support the accelerated development of new energy vehicles. Cui Dongshu said.

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Three major measures to encourage automobile consumption

1. Continue to implement the special action of replacing old cars with new ones. Subsidies will be given to those who scrap or transfer out old cars with Guangdong number plates under their personal names, and at the same time purchase new cars with old-for-new promotional models in the province and are licensed in the province. thereinto:

Scrapping old cars, subsidies for the purchase of new energy vehicles of 10,000 yuan / car, subsidies for the purchase of fuel vehicles of 5,000 yuan / car;

Transfer out of the old car, the subsidy for the purchase of new energy vehicles is 8,000 yuan / car, and the subsidy for the purchase of fuel vehicles is 3,000 yuan / vehicle.

The specific promotion models and subsidy processes are implemented in accordance with the relevant announcements of the "Guangdong Province Automobile Trade-in Special Action".

2. Encourage the purchase of new energy vehicles. From May 1, 2022 to June 30, 2022, individual consumers will be given a subsidy of 8,000 yuan per vehicle for the purchase of new energy vehicles within the range of old-for-new promotion models in the province. The subsidy is not repeated with the trade-in special action subsidy.

3. Further optimize car purchase management. In accordance with the requirements of the state, Guangzhou and Shenzhen should further revise and improve the regulations on car purchase qualifications and increase the incremental indicators for the issuance of automobiles. From May to June, on the basis of the original, Guangzhou added 30,000 car purchase indicators and Shenzhen added 10,000 car purchase indicators to better meet the needs of the masses for car purchases. All localities must not introduce measures to restrict the purchase of automobiles.

Steps to apply for a car purchase subsidy

Log in to the "Guangdong Province" Mini Program through mobile phone WeChat and enter the "New Energy Vehicle Purchase Subsidy" column to inquire about the promoted models.

After purchasing the new energy vehicle promotion model at the dealer' office, the dealer assists in completing the information registration in the "new energy vehicle purchase subsidy" registration and review system.

After completing the registration of motor vehicles in the province, fill in the license plate number and collection account number in the "New Energy Vehicle Purchase Subsidy" column of the "Guangdong Province" Mini Program, upload the vehicle driving license and bank card information, and submit the subsidy application.

After review and confirmation, the provincial subsidy funds are transferred to the bank accounts of eligible consumers, and the whole process of government subsidies is completed.

Written by: Nandu Bay Finance Agency reporter Liang Luozhe

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