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image source: visual china

blue whale news, october 2 (reporter li zhuoling)“it’s a good idea to buy a car during the national day this year. if it gets expensive later, you’ll regret it.”

on the last day of september, huang hong (pseudonym), who sells cars in a leading new force brand store, has begun to warm up for the "national day golden week". he told blue whale news that when buying a car now, not only does the manufacturer's rights and interests increase, if you have an old car in your name, you can also apply for national car scrapping subsidies or local replacement and renewal subsidies.

as huang hong said, at the national level and even local governments are continuously increasing subsidies to support the "trade-in" of cars.

specifically, in terms of scrapping and renewal subsidies, according to the notice issued by the national development and reform commission and the ministry of finance on "several measures to strengthen support for large-scale equipment renewal and trade-in of consumer goods", individual consumers scrapping the national iii and below emission standards fuel passenger cars or new energy passenger cars registered before april 30, 2018 (inclusive), and purchase new energy passenger cars included in the "catalogue of new energy vehicle models exempted from vehicle purchase tax" or 2.0-liter and for fuel-fired passenger cars with a displacement of 2.0 liters or less, the subsidy standard will be increased to 20,000 yuan for new energy passenger cars and 15,000 yuan for fuel-fired passenger cars with a displacement of 2.0 liters or less.

recently, wen hua, deputy director of the department of resource conservation and environmental protection of the national development and reform commission, introduced at a press conference held by the national development and reform commission that as of september 24, the national automobile trade-in platform has accumulated a total of approved subsidy applications, corresponding to the scale of national debt fund expenditures. already close to 11 billion yuan.

"the 20,000 yuan scrappage renewal subsidy for new energy vehicles is for those who have old cars that need to be scrapped. only fuel vehicles that have been registered before june 30, 2011 can apply." another leading new energy vehicle brand sales target is blue whale news said that if the old car does not meet the scrappage standard, you can apply for local replacement and renewal subsidies, but you can only apply for one of the two.

according to him, like guangdong province, the subsidy standards are divided into three levels according to the purchase price of a new car: if the purchase price of the car is 70,000 yuan (inclusive) to 150,000 yuan (exclusive), the subsidy for the purchase of a fuel vehicle is 8,000 yuan/vehicle; if the purchase price is 150,000 yuan (inclusive) to 250,000 yuan (exclusive), the subsidy for the purchase of a fuel vehicle is 12,000 yuan/vehicle; if the purchase price is more than 250,000 yuan (inclusive), the subsidy for the purchase of a fuel vehicle is 15,000 yuan/vehicle. for the purchase of new energy vehicles, an additional subsidy of 1,000 yuan is added for each grade, which is 9,000 yuan to 16,000 yuan.

according to the notice issued by the general office of the guangdong provincial people’s government on the implementation plan for making good use of super-long-term special treasury bond funds to support the trade-in of consumer goods, in terms of supporting individual consumers to replace and renew their passenger cars, individual consumers will be required to do so in 2024. if you transfer a passenger car registered in your name from april 1, 2024 to december 31, 2024, and purchase a new passenger car in guangdong from september 1, 2024 to december 31, 2024, you will be issued one-time car purchase subsidy. the transferred vehicle must be registered in the name of the individual consumer before the date of issuance of this implementation plan. the goal is to replace and update 143,000 cars in the province (excluding shenzhen city).

in addition to guangdong province, according to incomplete statistics from blue whale news, since august, 31 places including shanghai, beijing, sichuan, hubei, and chongqing have introduced or updated policies and measures to support car replacement and renewal, with the maximum subsidy for bicycles reaching 20,000 yuan.

blue whale news found that car replacement and renewal subsidies in some provinces and cities will be divided into multiple levels according to the purchase price of new cars, such as guangdong, sichuan, hubei, zhejiang and other places, and the subsidies for purchasing new energy vehicles are generally higher than those for fuel vehicles. . in addition, some provinces and cities require that both old and new cars be used for non-operation purposes, while some places do not require this.

the passenger car association previously stated that the auto market showed rapid growth in september, and the "golden september" effect was significant. it pointed out that since august, the number of applications for scrappage and renewal subsidies has grown rapidly, and the number of subsidy applications in september has remained high. as of september 14, the country has received more than 1 million applications for vehicle scrapping and renewal subsidies. as of september 19, almost all provinces across the country have introduced and implemented car replacement subsidy policies, and the amount of bicycle subsidies is relatively considerable, which is expected to bring a new wave of growth momentum to the auto market.

data show that from september 1 to september 22, the domestic passenger car market retail sales were approximately 1.243 million units, a year-on-year increase of 10%; a 10% increase from the same period last month; since this year, the domestic passenger car market’s cumulative retail sales approximately 14.709 million vehicles, a year-on-year increase of 3%.