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financial observation: trade-in helps to gradually release the consumption demand for automobiles and home appliances

2024-09-23

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original title:
financial observation: trade-in helps to gradually release the consumption demand for automobiles and home appliances
people's daily reporter che kemeng
promoting large-scale equipment renewal and the replacement of old consumer goods with new ones is a major decision and deployment made by the cpc central committee and the state council with an eye on the overall situation of my country's high-quality development. the reporter found that since the state council issued the "action plan for promoting large-scale equipment renewal and replacement of old consumer goods with new ones" (hereinafter referred to as the "action plan") in march, relevant departments and localities have successively introduced a series of supporting measures to effectively promote the implementation of the "two new" actions.
driven by the policy, the pace of enterprise equipment renewal has accelerated significantly. vat invoice data show that from april to august this year, the amount of machinery and equipment purchased by enterprises nationwide increased by 5.6% year-on-year, an increase of 7.6 percentage points from march before the release of the action plan.
it is worth noting that vat invoice data shows that consumer demand for automobiles, home appliances and home furnishings is also gradually being released.
according to dai shiyou, director of the policy and regulations department of the state administration of taxation, at a recent press conference, first, the sales of new energy vehicles have increased significantly, and the sales of used cars have accelerated. from april to august, the sales of new energy vehicles increased by 38.4% year-on-year, an increase of 10.9 percentage points from march; the sales of used cars increased by 6.2% year-on-year, an increase of 10.8 percentage points from march. second, the sales of household appliances have improved. from april to august, the sales revenue of daily household appliances such as refrigerators and the retail industry of household audio-visual equipment such as televisions increased by 2.4% and 5% year-on-year, respectively, an increase of 2.8 and 11.6 percentage points from march, respectively. third, the sales of furniture and sanitary ware products have improved. from april to august, the sales revenue of furniture and sanitary ware retail industries increased by 8.9% and 12% year-on-year, respectively, an increase of 8.3 and 22.6 percentage points from march, respectively.
thanks to the detailed implementation of policies, residents' willingness to consume has continued to increase, and the old-for-new exchange is helping related industries to regain momentum.
the home appliance industry is the main battlefield for the old-for-new exchange, and low-energy consumption and intelligent products are very popular among consumers. in hebei province, walking into the production workshop of xingtai hengyi renewable resources recycling co., ltd., batches of old home appliances are broken down into granular plastic, copper, aluminum, iron and other recyclable materials. it is reported that an ordinary tv can be disassembled to generate 3.5 kg of plastic, 1.4 kg of iron, 0.6 kg of copper, and 0.1 kg of aluminum. as renewable resources, 17 plastic storage boxes, 9 350 ml cans, 600 grams of copper bars and 1.4 kg of dumbbells can be recycled, and all kinds of waste electrical and electronic products have been turned into treasures.
li zhihong, head of the company, said that with the in-depth promotion of the large-scale consumer goods trade-in policy, the waste material recycling and processing industry has ushered in new opportunities for development. enterprises are actively planning the innovation and upgrading of production lines to comprehensively enhance the disassembly, classification, processing and resource utilization capabilities of waste home appliances.
the reporter learned that in order to promote large-scale equipment renewal and old-for-new consumer goods and facilitate the recycling of old products, the hebei provincial taxation bureau of the state administration of taxation has launched a "reverse invoicing" initiative for resource recycling companies to sell scrapped products to natural persons, fully mobilizing the enthusiasm of both buyers and sellers, promoting upstream and downstream coordination and linkage, and boosting confidence in the development of the entire industrial chain of the resource recycling industry.
recently, the car sales store of sichuan leshan rongkun industrial co., ltd. was crowded with people. "since april, the number of customers we have received has increased by 20% year-on-year," said manager wu yueli.
the reason behind the gradual increase in sales is the continuous upgrading of the car trade-in policy. in april this year, the ministry of commerce, the ministry of finance and other seven departments jointly issued the "implementation rules for the subsidy for car trade-in". in august, they issued the "notice on further improving the work related to car trade-in". the successive introduction of a series of measures has further boosted the confidence and vitality of the automobile consumer market.
"this replacement plan has significantly increased the subsidy standard. in terms of car scrapping and renewal, the subsidy standard has been increased from the original 10,000 yuan for purchasing new energy passenger cars and 7,000 yuan for purchasing fuel passenger cars to 20,000 yuan and 15,000 yuan respectively, attracting a large number of potential consumers to the store for consultation and car purchases." said lin guizhen, financial director of leshan tiansheng automobile sales and service co., ltd.
"the overall sales of new energy vehicles are good this year. the store has sold 950 new energy vehicles so far, a year-on-year increase of 13%." in hunan, min wenjuan, manager of xinyuan automobile sales co., ltd., said that since the implementation of the new energy vehicle purchase tax exemption policy and the old-for-new policy, the number of people visiting the store to view and test drive the vehicles has increased significantly, and the old-for-new sales account for 40% of the total sales of new energy vehicles.
"the subsidy for car trade-in has been increased to 20,000 yuan, further releasing the consumption potential of new energy vehicles." cao yue, professor and doctoral supervisor at the school of business administration of hunan university, said that on the basis of reducing and exempting vehicle purchase tax, the implementation of the old-for-new policy will not only help enhance the confidence of new energy vehicle companies in technological innovation, but also help to enhance new momentum for domestic demand.
source: people's daily online
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