On June 22, Li Keqiang presided over an executive meeting of the State Council, and decided to increase the support policy for auto consumption, and to return to the right track. Among them, the active second-hand car market is emphasized. For small non-operating second-hand cars, the move-in restrictions will be completely lifted from August 1, and the transfer registration will be separately endorsed and temporary license plates will be issued from October 1. In addition, consider the current actual research on the extension of the new energy vehicle purchase tax exemption policy.
Specifically, the first is to activate the used car market and promote car renewal consumption. For small non-operating used cars, the move-in restrictions will be completely lifted from August 1, and the transfer registration will be separately endorsed and issued with temporary license plates from October 1.
The second is to support the consumption of new energy vehicles. The vehicle purchase tax should be mainly used for highway construction, considering the current actual research on the extension of the new energy vehicle purchase tax exemption policy.
The third is to improve the parallel import policy and support the construction of parking lots.
The implementation of the policy predicts an increase of about 200 billion yuan in automobile and related consumption this year.
Since the beginning of this year, relevant departments have repeatedly expressed their support for the development of the used car industry. On January 21, seven departments including the National Development and Reform Commission issued the "Implementation Plan for Promoting Green Consumption", requiring the active development of the used car dealership business, the implementation of the comprehensive cancellation of the relocation restriction policy for used cars, and the further expansion of the circulation of used cars; on May 31, The State Council issued the "Package of Policies and Measures to Stabilize the Economy" and proposed: "Completely cancel the policy of restricting the relocation of used cars, and cancel the restrictions on the relocation of small non-operating used cars that meet the National V emission standards nationwide."
A person from the China Automobile Dealers Association said that the policy plays an important role in promoting the development of the used car market. For enterprises engaged in second-hand car distribution, the separate endorsement of second-hand cars returns to the commodity attributes, which is also conducive to the large-scale development of enterprises, procurement financing and inventory financing. A sign that the used car industry is developing towards a large-scale and securitized track.
