Group 1 - The core point of the article is the adjustment of the luxury car consumption tax in China, which lowers the threshold from 1.3 million yuan to 900,000 yuan, impacting various luxury car models [10][11][13] - The new tax policy allows dealers to absorb the luxury car tax for specific models, such as the Mercedes-Maybach S-Class and GLS SUV, until August 31, 2025 [1][11] - The adjustment is expected to affect approximately 20,000 new cars sold in the price range of 1.017 million to 1.469 million yuan, which represents about 1.4% of the total luxury car sales in China [11] Group 2 - The new luxury car consumption tax policy officially took effect on July 20, 2023, with Jaguar Land Rover announcing that it will cover the additional tax for certain models purchased during the transition period [13] - The affected luxury car models include those from brands like BMW, Mercedes-Benz, and Toyota, among others, indicating a broad impact across the luxury automotive market [11][13] - Industry experts view the tax adjustment as a reasonable measure, noting that ultra-luxury vehicles constitute only a small fraction of the overall automotive market, thus minimizing the impact on general consumers [13]

Core Viewpoint - The adjustment of the consumption tax policy for ultra-luxury cars in China has lowered the tax threshold from 1.3 million yuan to 900,000 yuan, effective from July 20, leading to significant price increases for certain luxury vehicles [1][5][4]. Group 1: Policy Changes - The new consumption tax policy now applies to ultra-luxury cars with a retail price of 900,000 yuan and above, including various power types [1][5]. - Previously, the threshold was set at 1.3 million yuan, indicating a substantial shift in the tax base [4][5]. - The new regulation is expected to create a price difference of approximately 10% for consumers purchasing vehicles just before the policy takes effect [5][6]. Group 2: Market Impact - Sales personnel from luxury car brands reported a surge in inquiries and purchases just before the policy change, indicating consumer urgency to avoid the new tax [5][6]. - Jaguar Land Rover has announced a temporary policy to absorb the additional tax costs for certain models until July 31, 2023, which may influence consumer purchasing decisions [6][19]. - The majority of affected vehicles fall within the price range of 1.017 million to 1.469 million yuan, with an estimated 20,000 units sold in the first half of the year, representing a small fraction of the overall luxury car market [19][22]. Group 3: Consumer Behavior - Consumers are encouraged to consider purchasing models priced below the new tax threshold to avoid additional costs, as demonstrated by sales personnel calculations [11][12]. - The price difference between models just below and above the threshold can lead to significant savings, prompting consumers to act quickly [11][12]. - The luxury car market is expected to see a shift in consumer preferences towards older models or those priced below the new tax threshold [11][12]. Group 4: Industry Expert Opinions - Industry experts suggest that the adjustment of the consumption tax threshold is a reasonable response to market conditions, as ultra-luxury vehicles represent a very small segment of the overall automotive market [22][23]. - The new tax policy is seen as a way to ensure tax compliance and stability in the market, emphasizing the importance of legitimate operations by dealers [22][23].