智通财经网·2026-02-25 01:29Core Viewpoint - The optimization of the trade-in policy is effectively guiding consumers to purchase higher-priced vehicles, which is expected to enhance the effectiveness of the trade-in policy and provide favorable support for automotive market consumption [1][2]. Group 1: Trade-in Policy Impact - The trade-in policy has already stimulated automotive consumption exceeding 100 billion yuan, with the average purchase price for trade-in vehicles rising to over 164,000 yuan [2]. - As of February 19, 2026, the trade-in policy has benefited 28.88 million consumers, generating sales of 198.02 billion yuan, with 612,000 vehicles traded in, leading to new car sales of 100.53 billion yuan [2]. - The optimized subsidy standards include a 12% subsidy (up to 20,000 yuan) for new energy vehicles and a 10% subsidy (up to 15,000 yuan) for fuel vehicles with an engine size of 2.0 liters or less [2]. Group 2: Market Trends and Forecasts - In January 2026, China's automotive sales decreased by 3.2% year-on-year to 2.346 million units, with domestic sales down 14.8% to 1.665 million units, primarily due to the expiration of the new energy vehicle purchase tax exemption and the impact of the trade-in policy [3]. - The export of automobiles in January 2026 saw a significant increase of 44.9% year-on-year, with 681,000 units exported, indicating strong demand in overseas markets [3]. - The upcoming Beijing Auto Show (April 24 - May 3) and the launch of several flagship new energy products are expected to drive market demand recovery post-Spring Festival [4].