Core Viewpoint - The article discusses the urgent termination of the "high interest, high rebate" automotive finance policy, which has led to a significant impact on car sales and financing options for consumers in various regions of China [1][2][3]. Group 1: Policy Changes - The "high interest, high rebate" policy allowed banks to return part of the loan profits to car dealers, who then offered rebates to consumers, effectively lowering the total purchase price [1]. - As of June 23, multiple 4S dealerships have begun to cancel their car loan discount policies due to regulatory actions, indicating a near-complete withdrawal of this financing option across various regions [2]. - The abrupt notification to consumers about the policy's termination has caused confusion and urgency, with some consumers rushing to finalize their purchases before the deadline [2]. Group 2: Financial Implications - A specific example highlighted is that for a Mercedes vehicle priced at over 500,000 yuan, a loan of 380,000 yuan at an annual interest rate of approximately 5% could save consumers around 7,000 yuan compared to the manufacturer's financing options [1]. - The cancellation of the "high interest, high rebate" policy is expected to lead to an increase in terminal car prices, as many consumers have opted for early loan repayments, resulting in banks facing losses due to the inability to cover upfront subsidy costs [2][3]. - Regulatory bodies have intensified control over related financial activities to mitigate financial risks, which has been a significant factor in the policy's termination [3].

Core Viewpoint - Recent regulatory actions to halt high-interest and high-rebate automotive financing are expected to tighten terminal price discounts for automotive brands, leading to potential price increases for various models [1][2]. Group 1: Regulatory Changes - Regulatory bodies in regions such as Beijing, Sichuan, and Henan have mandated banks to reduce car loan rebate ratios to below 4%, with annual interest rates decreasing from 6.5% to 3.2% [3]. - The adjustments in policies are rapidly affecting the terminal market, with significant price increases observed for models like the BMW i3 and reductions in discounts for mainstream models such as the Mercedes-Benz C-Class and Audi A4L [4]. Group 2: Market Dynamics - The luxury car market has seen substantial price fluctuations due to intense competition, with dealerships relying on after-sales and automotive finance for profitability rather than new car sales [2]. - The "high-interest high-rebate" model, where banks provide significant loan rebates to dealers, has led to a distorted pricing system and hidden financial risks in the market [2][4]. Group 3: Consumer Impact - Current market conditions still offer considerable discounts, with models like the BMW 3 Series and Audi A4L having discounts up to 13.2 million and 14.8 million respectively, despite the tightening of financing options [4]. - While high rebates have temporarily benefited consumers, the long-term sustainability of such practices is questioned, as they may degrade the service capabilities of financial institutions and ultimately affect car sales [4]. Group 4: Industry Trends - The automotive industry is experiencing a shift away from chaotic price wars, with various industry bodies advocating for a reduction in "involution" and a move towards sustainable and high-quality development [5].