Automotive industry: Maintaining new growth in sales of commercial vehicles

The goal of the new measure is to increase the growth rate of commercial vehicles: Thanks to the demand stimulus policies such as the reduction of purchase tax, the sales of passenger cars in January-April increased by 9.5% year-on-year, but the sales of commercial vehicles dropped by 9.1% after excluding the 40% increase in mini vehicles. %. The key to this policy measure is to increase the growth rate of commercial vehicles by expanding the range of subsidies for outdated vehicles and increasing subsidies.

The 4 billion subsidy added could theoretically boost the sales of medium- and light-duty commercial vehicles by about 100,000; the trade-in subsidies range is “medium, light, micro-duty trucks and some medium-sized passenger vehicles that meet certain service age requirements” and “premature end-of-life pollution”. The emissions of gasoline vehicles that cannot meet the national I standard and the diesel vehicles that cannot meet the national III standard” are the same as those for the emissions of medium and light vehicles and minivans in 2008. The sales volume of medium, light and mini trucks in 2008 was 210,000, 1.17 million, and 360,000 respectively, and the sales volume of medium-sized passenger cars was 7.6. 10,000 vehicles, for a total of 1.82 million; the subsidy standard is “in principle not more than the amount of individual vehicle purchase tax for the same type of vehicle”, and the weighted average price for medium-, light-, mini-vans and medium-sized passenger vehicles in 2007 is about 50,000, which corresponds to purchase tax About 4,000 yuan, in addition, we assume that early scrapped non-compliance vehicle corresponding purchase tax is also about 4,000 yuan, according to the upper limit of subsidies, 4 billion can be subsidized 100,000 car swap; overall can increase the relevant models about 5% growth.