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financial focus丨localities are stepping up support for old-for-new exchanges. how can consumers enjoy upgraded benefits?

2024-09-04

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xinhua news agency, beijing, september 2 title: various regions are stepping up their support for old-for-new exchanges. how can consumers enjoy upgraded benefits?
xinhua news agency reporters xie xiyao, li xiaoting and gong liankang
recently, the central government has introduced "upgraded" policies to promote the trade-in of old cars and home appliances. reporters recently visited markets in beijing, hubei, chongqing, fujian and other places and learned that various places have introduced detailed rules for the trade-in of consumer goods in light of local conditions, expanding the coverage of subsidized products, increasing the intensity of subsidies, making the application process more convenient, and increasing consumers' willingness to trade in.
government subsidies plus corporate concessions, new subsidies for car replacement and renewal
on the evening of august 27, the reporter came to the geely galaxy wuhan star experience center in hanyang district, wuhan city. the slogans of "old for new" subsidies for cars were everywhere in the store, and many citizens came to the store to look at cars and inquire about preferential policies.
the salesperson used the geely galaxy e8, a popular car in the store, as an example to give the reporter a "detailed account":
for a new car with an original price of 165,800 yuan, if the customer's old car meets the scrapping conditions, he or she can get a maximum subsidy of 20,000 yuan from the state; or if the customer transfers the car under his or her name, he or she can get a replacement subsidy of 12,000 yuan. during this period, he or she can also apply for a wuhan city trade-in coupon of up to 2,000 yuan, plus a discount of more than 10,000 yuan from the manufacturer and 4s stores, and the combined discount for buying this new car can reach up to more than 30,000 yuan.
according to national policies, for individual consumers who scrap their old cars and buy new ones in accordance with the implementation rules of the subsidy for old car replacement, the subsidy standard will be increased from 10,000 yuan for new energy passenger cars and 7,000 yuan for fuel passenger cars to 20,000 yuan and 15,000 yuan respectively. in addition to scrapping and replacing, this policy will also include replacement and replacement in the subsidy scope, supporting local governments to independently carry out replacement and replacement.
at present, following the pace of national policies, local governments have successively launched trade-in programs targeting the local automobile market.
the national block and hubei provincial matching funds are more than six times the size of the funds before the intensified measures. the maximum subsidy for scrapping and updating cars is 20,000 yuan, and the maximum subsidy for replacement and updating is 16,000 yuan;
beijing has made it clear that new energy vehicles purchased after replacement include not only pure electric vehicles, but also plug-in hybrid vehicles (including extended-range vehicles) and fuel cell vehicles. both transfers within and outside beijing can enjoy replacement subsidies;
shanghai has placed used cars in an important position in its trade-in policy, encouraged the development of used car dealerships, and made it clear that the average age of used car transactions will be reduced by one year by 2027...
with government subsidies and corporate concessions, as well as new replacement and renewal subsidies, consumers are more willing to buy new cars.
so far, hubei's consumer goods trade-in program has benefited more than 400,000 consumers, driving sales of new cars and home appliances to 12 billion yuan. wuhan has completed its annual car trade-in target ahead of schedule. as of mid-july, hunan has received more than 8,600 applications for car scrapping and renewal subsidies and more than 23,000 applications for replacement and renewal subsidies, driving cumulative car sales of more than 5.5 billion yuan. from the announcement of the new national policy to september 1, chongqing's cumulative application volume for trade-in subsidies reached 9,748, driving cumulative car sales of more than 1.837 billion yuan.
according to the data from the ministry of commerce, as of 10:00 a.m. on september 1, more than 810,000 applications for automobile scrapping and renewal subsidies were received. from january to july, the national automobile retail sales reached 11.556 million units, a year-on-year increase of 2.3%. among them, the retail sales of new energy passenger vehicles reached 4.988 million units, a year-on-year increase of 33.7%; the second-hand car transactions reached 10.992 million units, a year-on-year increase of 6.3%.
subsidy for replacing home appliances has been expanded, and you can get instant discounts by applying on site
mr. zhou from nanchuan district, chongqing, recently bought a haier class 1 energy-efficient air conditioner for rmb 2,499 and received a government subsidy of rmb 499.8 for the old-for-new exchange. "the government subsidy is very cost-effective, and applying on-site saves money immediately, which is very convenient," said mr. zhou.
on august 26, chongqing implemented the "upgraded version" of the green smart home appliance trade-in subsidy policy. on the first day of the policy implementation, the city issued government subsidies of 8.165 million yuan, directly driving home appliance sales of 42.6335 million yuan.
the reporter learned from the chongqing municipal commission of commerce that the state's advance funds to support the old-for-new exchange have been allocated to chongqing, and the local government will match the funds in proportion to promote the old-for-new exchange of consumer goods.
the state has clarified the subsidy standard for 8 categories of home appliances, which is 15% to 20% of the sales price, with a maximum subsidy of 2,000 yuan per item. at the same time, it supports local governments to independently determine the types of "8+n" home appliances to be subsidized. so far, many places have successively issued implementation rules for the replacement of old home appliances with new ones.
chongqing has made it clear that individual consumers who purchase 11 categories of household appliances with energy efficiency or water efficiency standards of level 2 or above will enjoy subsidies of 15% to 20% of the sales price of each product; in terms of corporate superimposed subsidies, consumers who sell nine categories of old household appliances and purchase any category of energy efficiency or water efficiency products of level 2 or above can enjoy an additional 2% old-for-new subsidy.
beijing consumers can access the "jingtong" mini program through multiple channels such as alipay, wechat, baidu, and meituan, and receive subsidy qualification codes for more than 10,000 home appliance products in eight categories, and enjoy discounts on subsidies during the payment process.
based on the 8 categories of home appliances, guangdong has added 3 categories of products, including mobile phones, tablets, and smart wearable devices, as well as n other categories of products included in the subsidy scope by local cities and municipalities based on actual conditions, forming an "8+3+n" product category.
from the central government to local governments, subsidy policies clearly define energy efficiency standards and only provide subsidies for energy efficiency products of level 2 or above. "trade-in is not a simple replacement of similar products, but a trend towards higher-end, smarter, more environmentally friendly and more personalized needs. it supports the transformation and upgrading of residents' consumption through trade-in," said chen yaoting, professor of the school of business at minnan normal university.
continue to clear the bottlenecks of replacement and smooth the resource circulation chain
recycling has always been a bottleneck affecting old-for-new consumption, and it is also the key to smooth resource recycling.
at the fujian quantong resource recycling industrial park in the zhangzhou development zone in fujian, truckloads of used household appliances enter the factory area, where they are weighed, unloaded, inspected, barcoded, and put into storage before entering the dismantling process. every day, about 2,000 used household appliances are processed in a standardized manner here.
driven by the old-for-new policy, quantong has established a strategic cooperation with recycling companies under the midea group on the recycling system of renewable resources, realizing a resource recycling system from product sales, recycling to standardized disassembly and processing.
the national policy clearly states that all regions should strengthen the construction of digital platforms, learn from each other's experience, strengthen data analysis, and timely and accurately grasp the information of the entire process of exchanging old appliances, purchasing new ones, and dismantling old appliances. the reporter learned from the visit that under the guidance of the old-for-new policy, a diversified pattern of recycling used appliances is being formed at an accelerated pace.
"we provide one-stop trade-in services, including free door-to-door removal of old appliances and free transportation, for all old home appliances, regardless of brand or age." he yuanlin, general manager of haier's zhangzhou distributor longhai district daming trading co., ltd., said that the company is connecting with dismantling companies with relevant qualifications to establish a standardized waste home appliance recycling system, and at the same time promote the development of home appliance trade-in services in the community.
on september 2, haier smart home's recycling interconnected factory was completed and put into operation in laixi, qingdao, with an annual dismantling capacity of 3 million units; shijiazhuang city has improved the comprehensive utilization system of renewable resources recycling with the "government + property + third party" model; hunan has included recycling outlets for waste home appliances and other renewable resources into the construction of a 15-minute convenient living circle; home appliance companies such as gree and changhong have actively adopted the "internet + recycling" method to provide professional old machine recycling services...
industry insiders pointed out that as various regions step up efforts to promote the implementation of the old-for-new policy, it will drive the government, enterprises, platforms and other forces to enter the recycling field and work together to improve the construction of the waste home appliance recycling network, making it easier for consumers to "get rid of old items and more willing to replace them with new ones."
source: xinhuanet
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