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Will car purchase restrictions be relaxed? The auto market will usher in a great turn for the better

In the past two days, because of the cancellation of car purchase restrictions, the Internet has exploded, and the stock price of cars has also caused riots. Does the car purchase restrictions really need to be relaxed? What's the matter? Don't worry, let's look down slowly.

Auto purchase restriction to be relaxed? Response from national development and Reform Commission

On April 18, the national development and Reform Commission held a regular press conference to release macroeconomic data. Recently, the national development and Reform Commission (NDRC) has drafted the draft of the implementation plan for further expanding the consumption of automobiles, household appliances and consumer electronic products to promote the development of circular economy from 2019 to 2020, which has been circulated on the Internet. The NDRC has responded.

The draft proposed to break the barriers of passenger car consumption upgrading system. 1. It is strictly forbidden to issue new regulations on car purchase restriction in all regions, and the places that have implemented the restrictions on car purchase should speed up the transformation from restricted purchase to guided use; 2. According to the road congestion, set up congestion areas reasonably, refine traffic management measures, guide vehicles to travel scientifically, and do not restrict the license plate issuance outside the congestion areas; 3. Where the purchase restriction has been implemented, the number of license plate increment indicators in 2019 and 2020 will be increased by 50% and 100% respectively on the basis of 2018; 4. The restrictions on the purchase of cars by families without cars will be cancelled, and the number restrictions shall not be set on the application for updating indicators of passenger cars.

In this regard, the national development and Reform Commission said today that it is learning about the relevant situation. All policies have been issued after repeated argumentation and fully soliciting opinions from relevant parties.

Auto stocks soared yesterday

In the afternoon of April 17, affected by the new online consumption policy, the auto sector rose by 5.39% as a whole, and individual stocks in the sector staged a trading tide. Dongfeng Motor, Zhongtong bus, FAW Xiali, Zhongtai automobile, BYD and other component stocks rose. As of the close, there are still several auto stocks trading.

Automobile consumption enters stock market from increment market

After years of continuous growth, the domestic automobile consumption market has entered the stock market from the incremental market. According to the data of China Automobile Industry Association, in 2018, China's automobile production was 27.81 million, a year-on-year decrease of 4.2%; the sales volume reached 28.08 million, a year-on-year decrease of 2.8%. From January to march in 2019, the production and sales of domestic automobiles were 6.336 million and 6.372 million respectively, with a year-on-year decrease of 9.8% and 11.3% respectively.

This situation has aroused great attention of relevant departments. On April 11, China Automobile Circulation Association announced that it would start the investigation on the living conditions and business environment of automobile circulation enterprises.

The association said that in 2018, great changes have taken place in the automobile market, with negative growth for the first time, which has attracted the attention of relevant government departments, hoping to take multiple measures to promote the steady increase of automobile consumption.

On January 28, the national development and Reform Commission and other ten departments issued the implementation plan for further optimizing supply, promoting steady growth of consumption, and promoting the formation of a strong domestic market (2019), which includes six specific measures, including orderly promoting the scrapping and renewal of old cars, and continuously optimizing the subsidy structure of new energy vehicles.

Ning Jizhe, deputy director of the national development and Reform Commission, also said publicly that measures will be formulated this year to promote the consumption of hot products such as automobiles and household appliances, and are expected to be implemented within this year. This is like a "long drought and exposure" to the depressed automobile consumer market.

On April 4, Gao Feng, spokesman of the Ministry of Commerce, said that the growth of automobile consumption will be promoted by optimizing the market environment, expanding supply channels, promoting the upgrading of consumption structure, and promoting the development of automobile aftermarket.

Mao Shengyong, spokesman of the National Bureau of statistics, pointed out at a press conference on April 17 that China's automobile industry has achieved rapid development in the past ten years, the number of cars owned by households has been increasing, and the production and sales of cars may enter a short adjustment period.

He pointed out that while focusing on the new car market, we should not ignore China's growing used car market. In 2018, the trading volume of China's second-hand car market was close to 14 million vehicles, which was about half of the whole new car market, with an increase of more than 10% last year. From the first quarter, the second-hand car market transactions, whether from the volume or from the amount, have maintained a certain growth.

Can subsidies for new energy vehicles still provide new impetus for China's automobile market

Looking around the world, in 2018, compared with the "miserable" situation in the traditional fuel vehicle market, the sales volume of new energy vehicles still maintained a rapid growth. According to statistics, in 2018, the global sales of electric vehicles exceeded 2 million, reaching 2.018 million, an increase of 65% compared with 2017. In 2018, China's electric vehicle sales accounted for more than half of the global sales, supporting half of the global electric vehicle market.

According to the latest data of the first quarter released recently by China Automobile Industry Association, the production and sales of new energy vehicles in China increased by 102.7% and 109.7% over the same period of last year.

Many people think that new energy vehicles are the best way to boost China's auto sales compared with fuel vehicles.

However, according to the new deal issued at the end of March, the subsidy standard for new energy vehicles in 2019 will be 50% lower than that in 2018 on average, and this year's subsidy standard for new energy vehicles will be 50% lower than that in 2018 on average.

The new deal also raised the subsidy threshold. Pure electric passenger cars with a range of less than 250 km will not be subsidized, with a subsidy of 18000 yuan for 250 km to 400 km and 25000 yuan for 400 km or more. Will new energy vehicles be the most powerful driving force for China's automobile growth after the decline of subsidies?

In view of this problem, on the scene of "China auto forum 2019", CCTV's "dialogue" column invited Zeng Qinghong, chairman of GAC group, Xu Heyi, chairman of BAIC group, Wang Chuanfu, chairman and President of BYD Co., Ltd. and other leading figures of China's auto industry to discuss.

Zeng Qinghong, chairman of GAC group: new energy vehicles should have a reasonable structure, with both new energy and energy saving, so as to stabilize the market.

Xu Heyi, chairman of BAIC group: from the perspective of new energy, the decline of subsidies is actually the government's encouragement of technological progress in new energy vehicle research and development. A range should be increased, the strength of the battery should be increased, and the energy consumption should be reduced. For enterprises, they should work hard to produce good products.

Wang Chuanfu, chairman and President of BYD Co., Ltd.: we have received a lot of doubts about new energy vehicles, but through continuous overcoming, now the market data is here. The development of new energy vehicles is a national strategy, the development of new energy vehicles can maintain high-speed development, whether it is car makers or car sellers can do a bit higher, the society agrees with the development of new energy. We BYD have confidence in new energy.