New Energy Vehicles Prominently Occupy Cold Sales of Small-Displacement Cars

Statistics show that in the first six months of this year, the city's new energy vehicles sold 2,296 vehicles, an increase of 4.56 times over the same period last year.

Statistics show that in the first six months of this year, the city's new energy vehicles sold 2,296 vehicles, an increase of 4.56 times over the same period last year.

The new energy car suddenly rises

Yesterday morning, the author walked into Century City, located on the South Ring Road. According to the introduction of Mr. Yang, a person in charge of a 4S store, small-sized new energy vehicles were the most popular among consumers in the first half of the year, and their sales increased by more than 30% year-on-year. After enjoying the policy subsidy, the public can buy a small new energy car as long as they pay about 50,000 yuan. The late-stage use cost of new energy vehicles is also relatively low, and the competitiveness is very strong.

“The attraction of new energy vehicles to working-class workers is quite large. It is convenient for them to pick up and go to school, buy food nearby, and have high cost performance.” said Xu Xu, a citizen of the car in the sales hall.

According to information from the city's national tax department, of the 2,296 new energy vehicles sold in the first half of the year, 1576 were purchased by units, of which 1,372 were shared cars. The current mainstream sales are low-end models, the majority of which are below 100,000 yuan, and the average sales price is around 60,000 yuan.

The new energy vehicle exemption from vehicle purchase tax policy has been implemented for nearly 3 years. Why did this year usher in the spring of sales?

The relevant person in charge of the Department of Taxation of the State Taxation Bureau’s vehicle purchase tax department believes that on the one hand, Gofun was put into operation in Ningbo in April this year, and the models were all new energy vehicles, which led to the rapid growth of sales of new energy vehicles in the city. On the other hand, with the increase in the number of new energy vehicles, the increase in cruising range, and the increase in supporting charging facilities, the citizens’ willingness to purchase cars will increase. In the first half of this year, individuals purchased 720 new energy vehicles, more than double their growth year-on-year.

Industry analysts pointed out that the existing tax exemption policy for vehicle purchases will expire at the end of this year, and it is expected that new energy vehicles will usher in a “buzz” in the second half of the year. Many consumers expressed the hope that the preferential policies can be appropriately extended so that more car buyers can enjoy the policy "red envelopes."

Small-displacement car sales are cold

According to statistics from the Department of Taxation of the State Taxation Bureau, the number of taxes on small-displacement vehicles in the first half of this year was 56,000, accounting for 50.4% of all tax-exempt vehicles, and a decrease of 14,000 vehicles compared with the same period of last year.

According to analysis, there are three major reasons for the sharp decline in sales of small-displacement vehicles in the first half of the year.

Tax incentives are the main factors affecting the sales volume of small-displacement vehicles. Since January 1 this year, small-displacement cars have been taxed at 7.5%, which is different from the previous 5%, which has, to some extent, reduced the appeal of small-displacement cars to consumers.

The small-displacement automobile purchase tax preferential policy has been implemented since October 1, 2015. The city has already enjoyed preferential policies for more than 258,000 small-displacement cars, and the tax reduction amounted to 1.11 billion yuan. This year's consumer enthusiasm for small-displacement cars began to fall.

Secondary demand did not emerge. Since the service life of automobiles is much longer than the implementation period of preferential policies, consumers of small-displacement cars will not have a strong desire to purchase cars twice.

The industry believes that the tax incentives for small-displacement vehicles will end at the end of this year, and that the second half of the year will be the traditional sales season. It is expected that sales of small-displacement vehicles will increase in the second half of the year.

New modes of transportation "press" new car sales

In the first half of this year, the sales volume of new vehicles was not optimistic, with a big drop from the same period of last year. According to statistics, in the first six months of this year, the city’s automobile taxation amounted to 111,000 vehicles, a year-on-year decrease of 9.31%.

"My mobile phone has five or six shared bicycle apps. Now it's a lot of traffic on the road. It's still much faster." Ms. Huang, who just worked, told the author.

In the interview, the author learned that, as the sharing of bicycles is hot on the streets, more and more citizens have chosen to solve the “last mile” with this low-carbon and environmentally friendly means of transportation. In addition, the constant improvement of urban public transportation facilities such as public transportation and subway has also reduced the people’s desire to purchase cars.

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