Judging from the central level, the preferential purchase of small-displacement purchase tax will begin on January 1. In order to respond to the impact of the international financial crisis on the automotive industry and revitalize the automobile industry, China imposed a vehicle purchase tax policy on reductions of 5% for passenger cars with 1.6 liters or less in the period from January 20 to December 31, 2009. In the period from January 1st to December 31st, 2010, the tax rate was adjusted to be reduced by 7.5%. However, starting from January 1, 2011, vehicle purchase tax will be levied at a rate of 10% for passenger cars with a displacement of 1.6 liters or less.
Immediately afterwards, on January 6, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Administrative Measures on the Use of Official Vehicles of Party and Government Organs". According to the relevant provisions of the notice, the central and state agencies generally compile no more than one vehicle per 20 persons for official vehicle production, and only vehicles with a displacement of 1.8 liters and a purchase price of no more than 180,000 yuan. Subsequently, in the country, a field called "the most severe car reform in history" kicked off. In the special campaign for bus remediation, official vehicles that violate regulations for the production of official vehicles by the central government, local authorities, and departments, and are used excessively, used without approval, used without official approval, and used as official vehicles in excess of the standard are processed.
The end of small-displacement purchase tax incentives and the launch of a new round of bus reforms have a direct impact on the consumption of the automotive market.
At the same time, the National Development and Reform Commission raised the prices of refined oil products twice. The February 19 increase was 4.5%. The price increase on April 7 was approximately RMB 0.37/liter for gasoline and RMB 0.34/liter for diesel. At the same time as price adjustments, parking fees in some places also followed the trend. At 7:00 am on April 1, 2011, parking fees in non-residential areas in the 13 first-class areas in Beijing were raised, and about 70,000 parking spaces were subject to new parking fees. The maximum parking space during the day is 15 yuan/hour. What is even more impressive is that from January 1 onwards, Beijing’s motor vehicle license plateau was implemented. On January 26th, Beijing’s first round of car shakes was the result. From then on, Beijingers bought a car like a lottery ticket.
Coincidentally, Guiyang City, which had a tendency to catch a glimpse, also issued a limit order. Guiyang is the second city in the country after Beijing to issue a “ban on signing†order. From July 12th, the Provisional Regulations on the Administration of Number Plates of Small Passenger Cars in Guiyang City began to be implemented. The passenger cars entering the new car in Guiyang City can only enter the city's first loop after obtaining the number plate of the special section number plate by means of the trombone.
In the past few years, under the guidance of consumer policies such as old-fashioned trade subsidies and new energy subsidies, the auto market has witnessed rare cases of hot flashes. Some models that are popular with consumers often appear to be out of stock, and some models even need to be six months ahead of schedule. For booking, some large auto trading markets are busy every day. In 2011, with the end of the "new trade, new energy subsidies," and other related restrictions, the auto market entered the winter from the once hot summer and the production and sales volume declined.
According to the latest data released by the National Passenger Vehicle Market Information Association, domestic sales volume in December 2011 was 1.42 million units, down 3.3% year-on-year, and the cumulative sales volume for the year reached 13.7 million units, an increase of 2.8% year-on-year. Accumulated sales for the year reached 13.7 million units, an increase of 2.8% year-on-year. According to statistics from the China Association of Automobile Manufacturers, after China’s automobile production and sales exceeded 13 million vehicles in 2009, the growth of automobile production and sales once again hit a new high in 2010. The annual production and sales volume of automobiles increased by 32.44% and 32.37%, reaching 18,264,700 vehicles. 180.619 thousand vehicles. Compared with previous years, China's auto market was obviously weak in 2011.
Needless to say, auto consumption is also a double-edged sword. Its high growth has contributed to the contribution of the local economy, but it has also brought traffic congestion and air pollution to a city. From this point of view, Beijing and other cities issued a license plate numbering policy is also helpless. Of course, from the macro perspective of the country, the reason why so many restrictive policies are introduced is that it hopes to put the auto market in a long-term steady growth. I believe that the current auto market slump is only temporary, and after the pain will surely usher in a new spring.
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