以旧换新精准激活车市消费潜力

Core Viewpoint - The Chinese government continues to support automotive consumption policies despite the adjustment of the new energy vehicle purchase tax, signaling a strong commitment to boosting domestic demand and the automotive market [1] Group 1: Policy Implementation - The new "two new" policy will be implemented in 2026, with specific guidelines for the vehicle trade-in subsidy released promptly to address market concerns and avoid policy gaps [1] - The automotive trade-in program is expected to support over 11.5 million vehicles and generate more than 1.6 trillion yuan in new car sales by 2025 [1] Group 2: Subsidy Expansion - The trade-in subsidy has been expanded to include older gasoline and diesel vehicles, allowing more consumers to benefit from the program [2] - The new subsidy structure links the amount to the sales price of new vehicles, enhancing fairness and precision in the policy, while promoting higher-end vehicle consumption [2][3] Group 3: Standardization and Optimization - A unified national standard for trade-in subsidies will be established, with specific percentages for different vehicle types, such as 8% for new energy vehicles and 6% for gasoline vehicles [3] - The policy encourages the purchase of new energy vehicles and low-emission gasoline vehicles, with nearly 60% of trade-ins expected to be new energy vehicles by 2025 [3] Group 4: Market Dynamics - The automotive consumption landscape in China is shifting from first-time purchases to trade-ins, with an estimated 12 million trade-in applications expected by 2026 [4] - The increasing focus on intelligent features in new energy vehicles is expected to enhance consumer experience and stimulate market activity [4]