Hua Xia Shi Bao·2025-07-19 03:05Core Viewpoint - The Ministry of Finance and the State Taxation Administration announced an adjustment to the consumption tax policy for ultra-luxury cars, lowering the threshold from 1.3 million yuan to 900,000 yuan (excluding VAT) for various types of passenger and light commercial vehicles [1][2]. Group 1: Policy Changes - The consumption tax threshold for ultra-luxury cars has been reduced from a retail price of 1.3 million yuan to 900,000 yuan, expanding the scope to include all types of powertrains, including pure electric and fuel cell vehicles [2][3]. - The new policy aims to reflect market changes and ensure tax stability, with experts suggesting that the adjustment is reasonable and aligns with market promotions [1][3]. Group 2: Market Impact - The ultra-luxury car market is relatively small, and the impact of the expanded tax range is expected to be minimal, as the price sensitivity to taxes in this segment is low [3]. - Sales data indicate that in the first half of 2025, 3,700 units of new cars priced at 900,000 yuan were sold, with only 214 being exempt electric models [3]. Group 3: Consumer Response - Consumers have responded positively to the policy change, with reports of increased interest in purchasing vehicles just above the new tax threshold [5][6]. - The policy also clarifies that no consumption tax will be levied on the sale of second-hand ultra-luxury cars, which is expected to stimulate the high-end used car market [6][7]. Group 4: Market Performance - Following the announcement, the automotive sector in the A-share market saw a rise, with stocks like Jianghuai Automobile and BYD experiencing gains [7].