For a relatively long period of time in the future, the automobile industry and related companies will make their own incremental changes in stock and structural adjustments. According to Shen Jinjun, President of the China Automobile Dealers Association, my country's auto market has begun to enter a period of new additions + redemptions. Only by using a variety of measures can the auto market in this period be stimulated. my country's second-hand car market is still in the development stage. With the further development of the automobile market, the number of new cars will continue to grow, which will largely increase the replacement rate. In the future, second-hand car transactions and derivative services and new car sales will further shrink. distance. ?The second-hand car market will become an important force driving the Chinese automobile market.
Policies to promote second-hand car transactions have been introduced
Through cars going to the countryside, trade-in subsidies and support for high-quality and new energy vehicles, restrictions on pickup trucks entering the city have been relaxed, and used cars Various policies such as tax reduction and exemption, car purchase flexibility, etc. are designed to increase the attractiveness of the automobile market and open new window services. According to Shen Jinjun, the reason for the introduction of the policy is to promote new car sales by promoting second-hand car transactions, and ultimately achieve structural adjustments to the future development of the Chinese auto market.
my country’s second-hand car market has huge room for development
According to data from the China Automobile Dealers Association, we can see that the transaction volume of second-hand cars nationwide in 2018 exceeded 13.82 million, a year-on-year increase of 7.96%. However, new car sales data showed negative growth for the first time, down 5% year-on-year. ?.?Currently, my country's second-hand car sales only account for about 30% of total car sales, while second-hand cars account for 70% of the U.S. car market. This shows that my country's second-hand car market still has a lot of room for development. Data shows that the scale of second-hand car transactions in the United States last year reached 12.4 million, and the ratio of second-hand cars to new cars was 2.5:1. This shows the activity of second-hand car transactions in the U.S. auto market. It is expected that by 2020, the sales ratio of second-hand cars to new cars will be 2.5:1. Reaching 1:1, there is still a lot of room for market development.
The transformation of my country's automobile market
The China Automobile Dealers Association stated that just like encouraging the elimination of "yellow label cars" in National One and National Two, local governments will continue to introduce subsidies to encourage replacement, and other policy measures to accelerate transformation and upgrading through market means to encourage consumers to buy new cars. Take vehicle loans as an example: new car loans, second-hand car transaction loans, second-hand car mortgage loans, multiple car loans, with interest rates as low as 3.76%. Drive the automobile market to a great extent. ?my country's automobile industry is now transforming from an incremental market to a stock market. ?The number of automobiles has reached 260 million, and automobile production and sales have reached a new level of 28 million. It has ranked first in the world for ten consecutive years. By the end of 2020, my country Car ownership is expected to surpass the United States and become the world's largest car consumer. ?According to estimates from the Ministry of Commerce, my country's car ownership will reach 300 million units by 2020. ?However, my country's new car production and sales have declined for two consecutive years, 18 and 19 years. ?This shows that new car sales in my country's auto market have entered an inflection point, the overall number of cars continues to increase, and consumers are becoming increasingly rational and pragmatic about car consumption. As the auto industry enters a critical period of transformation, especially second-hand car replacement transactions will release huge space .
The future of my country's automobile market
According to predictions by second-hand car professionals, the future growth of the second-hand car market will remain at a high level of more than 20%. With the rapid growth of second-hand car transactions, It will bring greater market space for second-hand car consumer finance. The policy of reducing the value-added tax for second-hand car dealers will be reduced from the original 3% to 1%, while personal second-hand transactions will be directly exempted from value-added tax. Although new cars in my country Sales have declined, but with the gradual growth of consumer demand and the continuous improvement of policies, my country's second-hand car market will provide a new development port for the automotive field and promote the development of the automotive industry chain to a higher level.
? Shen Jinjun said that the current second-hand transaction model of "brokerage" accounts for about 90% of the total second-hand car transactions in my country, which makes business entities small, fragmented, and weak. According to the second-hand car transactions in the first half of 2017 In the first half of the year, the cumulative transaction volume of used cars in my country reached 5.8371 million units. The gross profit margin of used cars sold by my country's second-hand car suppliers and new car 4S stores was 2% to 4%. The year-on-year growth was much greater than the growth rate of new car transaction volume. Some 4S stores seized Housing measures and policies are carried out through extracorporeal circulation - that is, brokerage companies and brokers conduct transactions, so as to avoid the payment of value-added tax. According to the current second-hand car transaction volume, the country loses money in the second-hand car market every year in terms of value-added tax alone. About 5 billion yuan, of course it is all worth it to better stimulate the Chinese automobile market!
This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.