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Original title: The automotive industry is grateful again for the benefits, and the National Standing Committee will expand contracting to boost automobile consumption.
To boost car consumption, the country has taken another big step.
Prime Minister Li Keqiang of the State Council chaired an executive meeting of the State Council on November 18 to implement to boost the key consumption of bulk consumption and promote the release of rural consumption potential; to determine measures to meet the needs to improve consumption and support the development of “Internet + tourism”.
The meeting noted that consumption has been severely affected by the epidemic this year and there are many difficulties to return to normal growth. It is necessary to implement the strategy of expansion of domestic demand in accordance with the deployment of the Central Committee of the Party and the State Council to further promote consumption. Among them, the promotion of automobile consumption has become an important part in stimulating domestic demand.
The meeting made it clear to stabilize and expand automobile consumption. Encourage localities to adjust and optimize purchase restrictions and increase the number of license plate indicators. Conduct a new round of cars that go to the field and trade in for new ones, incentivize rural residents to purchase trucks of 3.5 tons or less and passenger cars with displacement of 1.6 liters or less, and have residents eliminate standard vehicles of National III emissions and below and buy new cars. grant. Strengthen the construction of parking lots, recharging batteries and other facilities.
In this regard, Chen Shihua, deputy secretary-general of the China Automobile Association, said in an interview with a Caijing reporter: “Since this year, some local governments have formulated relevant policies to promote automobile consumption based on their actual conditions. , but these policies have their own time. The State Council once again raised relevant policies to promote automobile consumption. On the one hand, it shows that the state continues to promote and support the promotion of automobile consumption. On the other hand, the state it also expects local governments to continue with some related past policies. This will surely play a role in improving and boosting the overall Chinese auto market. “
Enrollment rate hike still needs to be implemented according to city
As we all know, as a pillar industry of the national economy, the automobile industry is a key area for the constant growth and expansion of consumption. Since the beginning of this year, various favorable policies by central and local governments have not only promoted improved car consumption, but have also stabilized business confidence. These policies stimulated potential demand in the automotive market, unleashed consumer desire, and promoted the accelerated recovery of the domestic automotive market.
According to data from the China Automobile Association, in October, China’s automobile production and sales completed 2,552 million and 2,573 million vehicles, an increase of 0.9% and 0.1% over the previous month, and a 11% and 12.5% increase over the previous year. As of the end of October this year, China’s automobile production and sales have shown a growth trend for seven consecutive months, of which sales have maintained a growth rate of more than 10% for six consecutive months.
Although the overall recovery of China’s auto market is obvious, Xu Haidong, deputy chief engineer of the China Automobile Association, previously predicted that this year’s production and sales in the Chinese auto market will continue to fall by around 5%.
Because of this, the National Standing Committee’s proposal to encourage localities to increase the number of plates has once again become the focus of the industry.
“In fact, many local governments have been doing things to increase the number of license plate indicators, but this issue also needs to be implemented depending on the city. After all, the actual situation in different places is different. It is difficult for cities like Beijing and Shanghai keep increasing. With the intensity of the plate release, the traffic pressure in these cities is already great, “Chen Shihua told a Caijing reporter.
It is understood that on March 25 this year, the Hangzhou Municipal Small Car Passenger Car Total Management and Control Office issued the “Announcement on the Configuration of a One-Time Increase in Small Car Indices in 2020”, stating clearly it will increase 20,000 passenger car indexes at a time this year.
According to the “Announcement”, these 20,000 indicators will be assigned in a 3: 1 ratio, that is, 15,000 personal ladder lottery numbers and 5,000 county (city) personal indicator lottery numbers. Among them, 15,000 personal ladder lottery indicators were assigned on May 29.
Already in early June 2019, Guangzhou and Shenzhen issued new policies to relax car bidding and lottery indicators. Among them, Guangzhou added 100,000 new small and medium passenger cars, and Shenzhen added 80,000 ordinary cars.
Country car is good for pickup trucks and pickup trucks
At the same time, the field car policy is also seen as an effective way to increase the overall sales of the Chinese auto market.
“The ‘cars to the countryside’ policy is very focused. It targets mainly the vast rural and remote areas, while micro trucks and vans are the main models of this policy,” Chen Shihua said.
In fact, from a market segment perspective, trucks set a new all-time high for the month for the seventh time this year. Among them, light trucks and minivans set new all-time sales records for the month.
According to data from the China Automobile Association, in October, truck production and sales were 425,000 and 421,000 respectively, down 2.6% and 3.0% month-on-month, and 32.3% and 31 , 1% more year on year. Among them, light truck sales completed 203,000, an increase of 25% year-on-year; Mini truck sales completed 65,000, an increase of 16.5%.
As of October, cumulative production and truck sales were 3,864 million and 3,866 million respectively, an accumulated year-on-year increase of 25.7% and 24.1% respectively, and the growth rate expanded again from January to September.
Furthermore, as the number of vehicles in the first and second tier cities becomes saturated, the new energy market will shift from the big cities to the third and fourth tier cities. Vast rural areas have become a potential consumer market for new energy vehicles, and new energy vehicles will be promoted in the countryside. It is one of the important measures.
In October, the performance of the new energy vehicle market was exceptional, production and sales for that month were 167,000 and 160,000, respectively, an increase of 69.7% and 104.5% year-on-year. The all-time sales record was updated for the fourth time this year. From January to October, production and sales of new energy vehicles were 914,000 and 901,000 respectively, a year-on-year decrease of 9.2% and 7.1% respectively, and the decrease was significantly reduced by 9.5 and 10.6 percentage points from January to September.
In fact, the rapid expansion in sales of new energy vehicles is mainly due to the simultaneous efforts of the high and low markets.
Xu Haidong previously stated, “Since the subsidy decreased last year, auto companies have realized that the production of new energy vehicles faces a loss, so they have explored two development paths. One is to strive to go high-end, provide consumers with better services, and reduce the burden. The pressure of battery costs; the other is the development of low-end models, which do not depend on subsidies to go to the rural market, and use the new existing energy for the countryside.Guoxin EnergyThe rapid development of automobiles. “
According to a report by “Shanghai Securities News”, fiscal policy next year will increase support for the field of new energy vehicles. For example, tax cuts and tariff reductions or subsidies are intended for production companies or basic components of the automotive industry chain. This favors the reduction of commercial costs and the reduction of the price of automobile consumption, thus benefiting consumers.
Since the beginning of this year, the central and local governments have continuously introduced various policies to stimulate car consumption. Prior to this, the National Development and Reform Commission and other departments successively issued the “Enforcement Opinions on Promoting Expansion and Consumption Quality and Accelerating the Formation of a Strong Domestic Market” and the “Notice on Various measures to stabilize and expand automobile consumption “, which establish specific provisions to promote automobile consumption.
Since then, local governments have also followed and introduced landing policies, starting with accelerating the disposal of old vehicles, launching various consumption promotion activities and promoting new energy vehicles to promote automobile consumption. Among them, Hainan, Xinjiang, Kunming and many other places have introduced policies to stimulate car consumption. With the help of the favorable linkage of the “great gift package”, the domestic auto market has shown a strong growth trend.
In general, the industry believes that the key to stimulating car consumption lies in the link between government and business and the precise implementation of policies. Since the beginning of this year, various favorable policies by the central and local governments have not only promoted improved car consumption, but have also stabilized business confidence. These policies have stimulated potential demand in the auto market, unleashed consumer desires, and promoted the accelerated recovery of the domestic auto market.
Eastern valuesIt is believed that in the near future, as the industry demand has gradually stabilized, passenger car companies and some parts companies have been favored by the market, and valuations have gradually been restored. The automotive industry prosperity index is expected to continue to rise in the fourth quarter. In 2021, the sales growth rate of the domestic passenger car market is expected to reach more than double-digit growth.
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Editor in Charge: Xue Yongwei
