On June 14, the Ministry of Commerce and the Ministry of Commerce issued a joint announcement to clarify the range of vehicle subsidy and subsidy standards for old and new cars that were retired in 2012. However, this car replacement policy was to subsidize commercial vehicles, excluding passenger cars. Subsidy funding applications will be accepted from July 1 until January 31, 2013.
The Interim Measures for the Administration of Retirement Subsidy Fund for Old Automobiles stipulates that there are three types of subsidy vehicles: one is scrapped rural passenger vehicles with a subsidy of 11,000 yuan each; the second is replacement and the service life of used cars is 8 to 15 years. Between the city bus and the seat, the subsidy for each vehicle varies from 11,000 to 18,000 yuan. The third is the use of heavy-duty trucks that exceed 10 years and less than 15 years and have a total mass of more than 12 tons. Ten thousand yuan.
The reporter compared the interim measures for the management of retirement subsidies for old cars from 2003 to 2012 and found that although the overall policy has been stable over the years, there are still some changes. First of all, the amount of subsidies has been continuously increasing, from the initial 4,000 yuan to the current maximum of 18,000 yuan. Second, the useful life of subsidized vehicles has been relaxed, from the initial 8 to 10 years to the maximum of 15 now. In the end, the subsidy standards were more detailed, such as urban buses. In 2011, there was no provision for dividing the two subsidy amounts by car captain and seat.
However, what is more concerned about the market is whether or not the policies concerning the introduction of cars to the countryside, trade-in replacements, and other policies will be issued. In 2009, the combination of purchase tax incentives, car-to-country and trade-in replacement policies directly led to a new car consumption of 38.2 billion yuan.
Guo Xiaojun analyst Bai Xiaolan believes that the old-fashioned trade-in policy in 2009 was promulgated after the introduction of the old auto subsidy policy. Judging from the continuity and convenience of policy implementation, the fastest and most likely launch is the eighth batch of energy-saving subsidies catalog models, followed by a trade-in policy that does not increase car ownership.
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