Group 1 - The new policy for purchasing electric vehicles will change from full exemption to a 50% reduction in purchase tax starting January 1, 2026, with a maximum tax reduction of 15,000 yuan per vehicle [1] - The new regulations impose stricter requirements on vehicle energy consumption and range, such as plug-in hybrid models needing a pure electric range of at least 100 kilometers [1] - The new tax policy has led to a noticeable decline in customer visits and sales volume at dealerships, particularly affecting second car purchases for families [2] Group 2 - Car manufacturers are adjusting their production and sales strategies in response to the new regulations, with some models being discontinued if they do not meet the new range standards [2] - Consumers are weighing the impact of the new purchase tax against promotional offers from manufacturers, leading to a cautious approach in making purchasing decisions [3] - The automotive market is expected to shift from high growth to competition based on existing inventory, with a projected retail sales volume of approximately 1.8 million passenger vehicles in January 2026, a 20.4% month-on-month decline [4]
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