政府真金白银砸下去，一些汽车经销商却不乐意了

Core Viewpoint - The domestic automotive dealership industry is facing significant challenges due to long rebate redemption periods, price inversions, and inventory accumulation, compounded by new issues arising from inconsistent local subsidies [1][4]. Group 1: Sales Rhythm Disruption - The phenomenon of "same city, different subsidies" is widespread, disrupting normal market order and forcing dealers in non-subsidized areas to incur losses to remain competitive [5][6]. - A survey of 40 major automotive brands indicates that this issue is affecting market stability, with larger dealers able to exploit subsidy differences, leading to unfair competition [5][6]. - Many dealers express a preference for no subsidies over the current system, which they believe creates more market instability [5][6]. Group 2: Impact of Subsidy Variability - The inconsistency in subsidy amounts and timing across different regions leads to consumer hesitation and market disruption [3][4]. - The automotive consumption subsidy system is jointly funded by national and local governments, with local authorities having some discretion in subsidy distribution, which contributes to the variability [10][11]. - The current subsidy structure includes specific amounts for scrapping old vehicles and purchasing new ones, but local variations in implementation are common [11][12]. Group 3: Suspension of Subsidies - The sudden suspension of subsidies has a more significant impact on the market than the "same city, different subsidies" issue, causing unrest among consumers and dealers [14][15]. - Since mid-May, several regions have paused their subsidy applications, leading to increased consumer uncertainty [14]. - The government has allocated 300 billion yuan for consumption upgrades, with plans to resume subsidies in areas that have temporarily halted them [14][15].