Group 1 - Ferrari is recalling 381 units of the imported Purosangue due to a potential short circuit in the fuse box, which may lead to decreased braking performance [2][3] - GAC Toyota is recalling multiple models including 69,169 units of the new Camry and 57,402 units of the Levin due to improper control program settings that may cause the instrument panel to go black during startup [3][4] - GAC Toyota will provide free upgrades to the instrument panel control program for the affected vehicles to eliminate safety risks [4] Group 2 - FAW Toyota is recalling 54,143 units of the domestic Avalon due to safety concerns [5] - BMW is recalling various models including 1 unit of the imported 5 Series and 379 units of the domestic X5 due to potential issues with the starter generator's power connector that may lead to vehicle stalling or fire [8][9] - BMW will conduct free inspections and necessary replacements for the affected vehicles to address safety hazards [9][10] Group 3 - Stellantis is recalling 3,339 units of the imported Jeep Grand Cherokee 4xe due to potential damage to the air conditioning blower motor connector, which may impair visibility and increase collision risk [11] - Stellantis will inspect and replace the air conditioning blower motor assembly if necessary to mitigate safety concerns [11]

Core Points - The article discusses multiple vehicle recalls initiated by various automotive companies due to safety concerns related to specific models and production dates [1][2][3][4][5][6][8][13] Group 1: Ferrari Recall - Ferrari is recalling 381 units of the imported Purosangue model due to a potential short circuit in the fuse box, which may lead to decreased braking performance [1] - The recall will start on September 5, 2025, for vehicles produced between October 27, 2023, and February 19, 2025 [1] Group 2: GAC Toyota Recall - GAC Toyota is recalling a total of 132,128 vehicles across various models including the Camry, Levin, and others due to issues with the instrument panel control program and insufficient strength of the front suspension coil spring [2][3][4] - The recalls will begin on September 30, 2025, for certain models and will include free upgrades and inspections to address the identified safety hazards [3][4] Group 3: FAW Toyota Recall - FAW Toyota is recalling 54,143 units of the domestic Avalon model starting September 30, 2025, due to unspecified safety concerns [5][6] - Additional recalls include 6,866 units of Lexus models and 35,054 units of imported Toyota models, with various production dates [5][6] Group 4: BMW Recall - BMW is recalling multiple models including the 5 Series and X5, totaling over 100,000 vehicles due to potential issues with the starter generator's power connector, which could lead to engine stalling or fire risks [8][10][11][12] - The recalls will involve free inspections and necessary replacements to mitigate safety risks [10][12] Group 5: Stellantis Recall - Stellantis is recalling 3,339 units of the imported Jeep Grand Cherokee 4xe due to a manufacturing defect in the air conditioning blower motor connector, which could impair visibility and increase collision risk [13] - The company will provide free inspections and replacements for affected components [13]

Core Viewpoint - The luxury car market has experienced a significant shift due to a new tax policy that lowers the consumption tax threshold for super luxury cars from 1.3 million yuan to 900,000 yuan, effective from July 20, 2023, leading to increased consumer urgency to purchase luxury vehicles before the tax takes effect [1][2][3]. Group 1: Tax Policy Impact - The new tax policy means that vehicles priced between 1.017 million yuan and 1.469 million yuan will now incur an additional luxury car tax, resulting in an estimated extra cost of 90,000 yuan for consumers purchasing luxury cars after the policy change [3][18]. - The luxury car tax has been in place since 2016, and the recent adjustment aims to include more vehicles that previously evaded the tax due to price reductions [11][16]. Group 2: Market Dynamics - The luxury car market is seeing a surge in demand as consumers rush to purchase vehicles before the tax increase, with reports of crowded showrooms and increased sales activity [1][5]. - The price reductions across various luxury brands have made many models fall below the new tax threshold, indicating a shift in market pricing strategies [10][15]. Group 3: Brand Responses - Some brands, like Jaguar Land Rover, have introduced promotional policies to absorb the new tax costs for consumers, while others, such as Porsche, have not announced similar measures [20][25]. - The luxury car market is expected to face long-term changes as the increased tax burden may deter potential buyers, leading to a reevaluation of pricing and sales strategies among luxury brands [28][30]. Group 4: Shift to Domestic Brands - The decline in imported luxury car sales is evident, with a reported 33% year-over-year drop in 2023, while domestic brands, particularly in the new energy vehicle sector, are gaining traction [34][60]. - The competitive landscape is shifting as domestic brands offer advanced technology and better value propositions, challenging traditional luxury brands [54][62].

Core Viewpoint - The adjustment of the luxury car consumption tax policy in China aims to guide reasonable consumption and promote energy conservation and emission reduction, with the tax threshold lowered from 1.3 million yuan to 900,000 yuan [1][2][14]. Group 1: Policy Changes - The new tax threshold means that vehicles priced over 900,000 yuan (excluding VAT) will incur a 10% additional consumption tax, significantly impacting the pricing of many luxury models [2][3]. - The previous tax threshold was set at 1.3 million yuan (with an invoice price of 1.469 million yuan), while the new threshold is now 900,000 yuan (with an invoice price of 1.017 million yuan) [2][3]. Group 2: Market Impact - The policy change is expected to reshape the luxury car market, with many popular models now falling under the new tax regime, leading to increased costs for consumers [3][4]. - Sales of luxury cars have been declining, and the new tax policy is likely to exacerbate this trend, as consumer demand shifts towards more affordable and energy-efficient vehicles [6][14]. Group 3: Dealer Reactions - Some dealers, like those selling Porsche, reported a significant drop in sales, with monthly sales figures falling to single digits due to the lack of consumer interest [6]. - Conversely, other dealers, such as those selling Land Rover, experienced a surge in sales immediately following the announcement, with reports of thousands of units sold in just two days [7][9]. Group 4: Long-term Implications - The adjustment of the luxury car consumption tax is seen as the first step in a broader reform of China's automotive tax system, which may lead to a more comprehensive tax structure that includes electric and fuel cell vehicles in the future [14][15]. - The new policy is expected to increase the annual taxable sales of passenger vehicles by over 100,000 units, predominantly from fuel vehicles, while the market structure is gradually shifting towards electric vehicles [15].

Core Viewpoint - The new "luxury car tax" policy, effective from July 20, lowers the threshold for consumption tax to 900,000 yuan (excluding VAT), impacting the pricing of luxury vehicles in China [1][3]. Group 1: Policy Changes - The consumption tax for super luxury cars is now applicable to vehicles priced at 900,000 yuan and above, down from the previous threshold of 1.3 million yuan [3]. - The adjustment affects a range of vehicles, including various luxury brands and models, with the new taxable price range being 1,017,000 yuan to 1,469,000 yuan [3][4]. Group 2: Industry Response - Several luxury car manufacturers and dealers have implemented measures to mitigate the impact of the new tax, with Jaguar Land Rover announcing it will fully absorb the additional tax costs for purchases made between July 20 and July 31 [2][10]. - Other brands, such as Mercedes-Benz, are also offering limited-time pricing strategies to maintain sales momentum, ensuring that prices remain stable despite the tax changes [13]. Group 3: Market Impact - The luxury car market is expected to see a limited impact from the new tax, as the affected vehicle sales volume is relatively small, with only about 37,000 units projected for the first half of 2025 [4]. - The demand for imported luxury cars has been declining, with a reported 33% drop in imports from January to May 2025 compared to the previous year [14].

Core Viewpoint - The recent adjustment of the consumption tax threshold for super luxury cars from 1.3 million yuan to 900,000 yuan is expected to significantly impact the luxury car market, particularly affecting brands like Porsche and Mercedes-Benz that fall within the new tax range [1][3][18] Group 1: Policy Changes - The consumption tax threshold for super luxury cars has been lowered from a retail price of 1.3 million yuan (excluding VAT) to 900,000 yuan [1][4] - The new policy will take effect shortly after its announcement, leaving little time for car manufacturers to adapt [1][3] Group 2: Market Reactions - Consumers are reacting quickly to the policy change, with reports of increased sales activity in luxury car showrooms prior to the implementation date [8][9] - Brands like Porsche, Mercedes-Benz, and BMW are expected to be most affected, as many of their models now fall within the taxable range [6][11] Group 3: Competitive Landscape - The adjustment may intensify competition among luxury car manufacturers, as they may need to reconsider pricing strategies to maintain market share [11][18] - If luxury brands do not adjust prices, potential buyers may shift their interest towards second-hand vehicles or domestic luxury brands that are not affected by the new tax [13][15] Group 4: Impact on Different Segments - The policy change primarily impacts traditional fuel-powered luxury vehicles, while electric and fuel cell vehicles are less affected [12][18] - The adjustment could create opportunities for electric vehicles priced just below the new threshold, making them more attractive to consumers [16]

Core Viewpoint - The new luxury car tax regulation, effective from July 20, 2023, lowers the tax threshold to vehicles priced at 900,000 yuan (excluding VAT), leading to a surge in luxury car purchases as consumers rush to buy before price increases take effect [1][3]. Group 1: Tax Regulation Changes - The new luxury car consumption tax now applies to vehicles with a retail price of 900,000 yuan and above, down from the previous threshold of 1.3 million yuan [3]. - The effective price range affected by this change is between 1.017 million yuan and 1.469 million yuan for new cars [3]. Group 2: Impact on Sales - There has been a significant increase in sales activity, particularly for brands like Porsche, with reports of sales staff experiencing a surge in customer inquiries and purchases [6]. - The luxury car market, represented by brands such as Porsche and Mercedes-Benz, is expected to be most impacted by the new tax regulation [5]. Group 3: Manufacturer and Dealer Responses - Jaguar Land Rover has announced a full subsidy for the luxury car tax for specific models purchased before July 31, 2023, to mitigate the impact of the new tax [8]. - Some dealers are also offering to cover the luxury car tax for models like the Maybach S-Class and Mercedes-Benz S-Class [11].

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].

Core Viewpoint - The new luxury car consumption tax policy, effective from July 20, 2025, lowers the tax threshold from 1.3 million yuan to 900,000 yuan, significantly impacting the sales of high-end brands like Porsche and Mercedes-Benz, which are expected to see increased consumer activity in the days leading up to the policy implementation [5][10][14]. Summary by Sections Tax Policy Changes - The new regulation expands the scope of luxury car consumption tax to include vehicles priced at 900,000 yuan (excluding VAT) and above, affecting various power types including electric and fuel cell vehicles [5][6]. - The previous tax threshold was set at 1.3 million yuan, meaning that new cars priced between 1.017 million yuan and 1.469 million yuan will now be subject to this tax [6][10]. Market Response - Porsche has experienced a surge in sales, with reports of selling seven cars in a single day as consumers rush to take advantage of the tax exemption before the new rules take effect [2][8]. - Sales representatives from Porsche noted that popular models like the 911 and Panamera are in high demand, with limited stock available [8][10]. Impact on Other Brands - Other luxury brands such as Mercedes-Benz and BMW will also be affected, with specific models like the S-Class and GLS falling under the new tax regulations [12]. - The luxury car market is expected to see a shift, with brands like Toyota's Alphard and Land Rover's Range Rover also impacted by the new tax policy [13]. Market Trends - The luxury car market has been facing challenges, with Porsche's sales in China dropping by 28% in 2024, and Mercedes-Benz experiencing a 7% decline in the same market [14][15]. - The new tax policy is seen as a response to the declining sales in the luxury segment, potentially leading to a further contraction in this market [15][16]. Future Outlook - The adjustment in tax policy may benefit domestic high-end brands, as the demand for imported luxury vehicles continues to decline [17]. - The overall luxury car market is anticipated to undergo significant changes as a result of this new tax regulation, potentially reshaping consumer preferences and brand strategies [18].

这辆纯电SUV是Jessica在2023年2月购置的，她也因此成为该车型在香港的首批车主。彼时，香港 新能源汽车市场仍由特斯拉主导，街头常见的还是奔驰、宝马、保时捷等豪华品牌，内地品牌身影难 觅。 2025.07. 18 然而随着中国汽车品牌近年来争相抢滩登陆，电车的性能体验，智能化和舒适程度打动了越来越多的 香港居民，香港车市已发生翻天覆地的变化。今年上半年，比亚迪以4909辆的销量登顶香港车市， 超越长期霸榜的特斯拉；而销量前十的品牌中，中国品牌占据五席，市占率合计超三分之一。 本文字数：4917，阅读时长大约6分钟 作者 | 第一财经 葛慧 7月的一个周五下午，Jessica如往常一般，从香港九龙写字楼的电梯间下行至地库，驾驶着她的比 亚迪ATTO 3，行驶三十公里返回港岛家中。 Jessica与先生均出生于中国内地，在香港定居多年。家中常用车是丰田埃尔法——这款经典MPV是 香港主流车型之一。2023年，Jessica计划购置第二辆车用于通勤。 "当时市面上新能源车以特斯拉为主，审美上已有些审美疲劳。"Jessica说，她乐于尝试新鲜事物， 全球掀起的电动车热潮让她心动。但那时，除特斯拉外，香港居民可 ...