Core Viewpoint - The Ministry of Finance and the State Taxation Administration have announced an adjustment to the consumption tax on super luxury cars, lowering the threshold for tax imposition from a retail price of 1.3 million yuan to 900,000 yuan, effective from July 20, 2025 [1][3]. Group 1: Tax Policy Changes - The new tax range for super luxury cars now includes all types of vehicles with a retail price of 900,000 yuan (excluding VAT) and above, including electric and fuel cell vehicles [3]. - The consumption tax rate for super luxury cars remains at 10%, and for electric and fuel cell vehicles, the tax will only be levied at the retail stage [3][4]. Group 2: Market Impact - Consumers purchasing a car priced at 900,000 yuan (excluding tax) will incur an additional consumption tax of 90,000 yuan under the new policy [4]. - The adjustment reflects a significant change in the automotive market, where promotional discounts have increased, with luxury car promotions reaching up to 26.8% since 2019 [5]. - The average price of luxury cars has decreased to around 900,000 yuan, aligning with the new tax threshold, indicating a stable tax base despite the adjustment [5]. Group 3: Second-Hand Car Market - The announcement specifies that no consumption tax will be levied on the sale of second-hand super luxury cars, which is expected to stimulate the second-hand car market and promote economic stability [5].