Ministry of Finance, Development and Reform Commission, Ministry of Industry, Ministry of Public Security, Ministry of Commerce, Business Administration, General Administration of Quality Supervision, Inspection 25, released in seven ministries and commissions, to extend the implementation of the car to the countryside policies to the end of 2010.
Among them, the car to the countryside policy implementation period of one year, until December 31, 2010 only. Motorcycle countryside policy implementation to January 31, 2013. Since January 1 this year from sales of automotive products can enjoy the financial subsidy to the countryside. In accordance with the relevant provisions of the countryside car up to 5,000 yuan subsidies, subsidies for rural areas up to 650 yuan motorcycle.
A week ago, the Ministry of Finance, the Ministry of Commerce have jointly issued the “Auto TM to allow subsidies on the vehicle purchase tax reduction policy with the same time enjoy notice”, from January 1, 2010 onwards, to allow qualified Juzhu also enjoy Auto TM to subsidies and 1.6L and below passenger vehicle purchase tax reduction policy. This is less than 30 days, the state policy of the second TM to adjust the car. Observers believe, therefore, the pull of the market, the automobile industry, the expectations of the big.
Car to the countryside in 2010 is expected to lever more than 1 million subsidy of the automobile, motorcycle market demand, the mini truck market will benefit the most. Data show that China’s automobile production and sales in 2009 were 13.791 million and 13.645 million completed, respectively, year on year growth of 48% and 46%. In major market segments, the fastest-growing micro-vehicles, sales of 506,000 last year, up 73%, the contribution of the commercial vehicle sales growth of 29%.
Ministry of Finance, the latest statistics, as of the end of December 2009, China had 5.83 million motor vehicles subsidies to rural areas, cash subsidies to 8.68 billion yuan; of which 1.67 million vehicles subsidies, subsidies to 4.16 million motorcycles. 2009 total of 258 car and motorcycle manufacturers and the Ministry of Finance, Ministry of Industry and Information Technology signed an agreement Cars to the countryside. More than 6300 car models, motorcycles more than 9200 models to participate in countryside activities, car and motorcycle.
In 2009, car to the countryside has become the engine of rural consumption. A case study, in 2009, Guangxi auto retail sales growth of 34%, accounting for automobile consumption in rural areas the proportion of total retail sales up 28.9%. The statistics from the SAIC-GM-Wuling that policy support in the car to the countryside, farmers buy a car increased from 60% in 2008 rose to 80% in 2009.
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