In this year's government work report, everyone heard the "active used car market", some people were slightly surprised. Premier Li actually worried about the used car market. In fact, this is completely understandable. Under the big theme of “enhancing the basic role of consumption to boost economic growthâ€, Premier Li Keqiang proposed “activeing ​​the used car market, speeding up the construction of urban parking lots and new energy vehicle charging facilitiesâ€, and strengthening tourism traffic, scenic spots, self-driving camps, etc. Measures such as facility construction are all aimed at promoting automobile consumption.
The “13th Five-Year Plan†proposes that “accommodating consumption should be accelerated and upgraded, consumption environment improved to release consumption potential, supply improvement and innovation to better meet, create consumer demand, and continuously enhance the basic role of consumption to drive the economyâ€. It is required to “steadily promote large-scale consumption such as housing, automobiles and health careâ€. The active second-hand car market is an important measure to steadily promote car consumption.
The annual number of used cars in the United States is about 42 million. In 2015, the number of new cars in the United States was 17.47 million, and the volume of used cars was about 2.4 times that of new cars. The US auto market was basically saturated at the end of the last century, and the production and sales of 17 million new cars were mainly replaced. In the United States, each new car can be replaced three to four times over the 15-year life cycle.
In 2015, the number of used cars in China was 9.42 million, while the sales volume of the new car market was 24.598 million. The used car market was less than 40% of the new car market. If it can reach the level of the United States, the number of used cars will exceed 60 million. In 2015, the domestic used car transaction volume was 550 billion yuan, with an average price of 58,000 yuan. If it can grow to 60 million vehicles, the transaction volume will exceed 3.5 trillion yuan. If it is 1.5 times the scale, it will also be close to 40 million, and there will be 2.3 trillion yuan of market space.
At present, the main factor restricting the development of the domestic used car market is the “restricted moveâ€. In the second-hand car transaction, the proportion of cross-regional circulation under normal conditions is about 20%, but due to local restrictions, the proportion in 2014 was only 12%. In first-tier cities like Beijing, the rate of out-migration is generally above 50%, and now only about 30%. This means that some national car owners in Beijing can only scrap in advance in order to change cars.
Statistics show that there are 18 cities in China that implement the national five emission standards (this year will increase to 105), 230 cities implement the national four standards, so the second-class vehicles of the national three standards can only be locally digested, this year is lower than the national five standards. Used cars are also facing the "restricted move" doom. The “Regulations on Compulsory Scraping of Motor Vehiclesâ€, which was implemented in 2013, “small and micro-non-operating passenger cars and large non-operating cars driving 600,000 kilometers†will be compulsory, and localities should implement this regulation. On the other hand, due to the lack of relevant policies, the current used car transactions follow the taxation method of the old goods transaction, which is levied at 2% of the full amount of the transaction. In the current implementation of the “reform of the campâ€, it should be changed to Impaired by 17% of the value added portion.
Recently, the Ministry of Commerce spokesperson Shen Danyang said that doing this work can not only revitalize the stock of used cars, drive the increase of new cars, eliminate the waste of old cars, and stimulate the potential of automobile consumption, while also driving maintenance and maintenance. The benefits of insurance, finance and other industries are great. How can we be active in the used car market? The Ministry of Commerce, together with the relevant departments, is studying and solving outstanding problems such as restrictions on relocation, opaque information, and inadequate services, and strives to introduce targeted measures as soon as possible.
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