Daily Hot Spots: The new M7 entry model drops by 20,000 Km in a limited time, and the 007 rear-drive enhanced version goes on the market.

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[Today’s Aspect]

[Industry Wind Direction]

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In April 2024, LI announced the delivery of 28,984 new cars in March, up 39.2% year-on-year. The total delivery volume in the first quarter reached 80,400, up 52.9% year-on-year. So far, LI has delivered a total of 713,764 vehicles, making it the first brand among China’s new power car companies to exceed 700,000 vehicles. The company said that it will continue to improve its product and service experience. LI has 474 retail centers and 356 after-sales maintenance centers all over the country, and launched 2024 L-series and MEGA models on March 1st, and will soon launch a new model L6.

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In March 2024, the delivery volume of Krypton vehicles reached 13,012 units, up by 95% year-on-year, and increased by 117% year-on-year from January to March, with a total delivery of 229,692 units. The new Krypton 001 is scheduled to exceed 30,000 units in the first month of listing, and its models have achieved nearly 230,000 units with zero spontaneous combustion. In order to cope with the peak of orders, Krypton issued the policy of "car care subsidy", and the maximum subsidy for car owners with specific conditions can reach 30,000 points.

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In March, HarmonyOS Zhixing’s AITO brand delivered a total of 31,727 new cars, a significant growth rate from February. The new M7 delivered 24,598 vehicles in a single month, with a cumulative sales volume of over 120,000 vehicles, while the new M9 delivered 6,243 vehicles. The car department of Wenjie also launched OTA upgrade, including the urban intelligent driving navigation assistance function of Wenjie M9, which improved the intelligent driving ability and user experience.

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Xiaomi Auto officially answered 16 questions from netizens, including the re-sale of the original version of Xiaomi SU7, maintenance suggestions, road rescue services, on-site maintenance services and other issues. It is clearly pointed out that the original version of Xiaomi SU7 will no longer open new orders, and the importance of the official authorized service center is emphasized. In addition, Xiaomi SU7 provides a number of quality assurance services and supports ecological expansion in terms of software and hardware. At the same time, Xiaomi SU7 Max is equipped with "drift mode", but users are reminded to pay attention to safety when using it.

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Wei Jianjun, Chairman of Great Wall Motor, reviewed Xiaomi SU7 and praised its design details. He exchanged new cars with Lei Jun at the launch conference of Xiaomi SU7, and Wei became the owner of SU7. The new car went on the market on March 28th, and more than 88,898 units were ordered within 24 hours, with the price range of 215,900-299,900 yuan. Wei mentioned that Xiaomi Automobile has made remarkable progress in the past three years, especially in terms of intelligence and ecology. The delivery cycle of Xiaomi SU7 standard version is 14-17 weeks, Pro version is 17-20 weeks, and Max version is 25-28 weeks. The first phase of Xiaomi Automobile Factory was completed in June 2023, and the second phase is scheduled to be completed in 2025.

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Jia Yueting, the founder of FF, openly questioned the plagiarism of Xiaomi automobile. He thought that Xiaomi automobile showed the maturity of China’s new energy automobile industry chain and the cost-effective advantage made in China, but criticized its cottage culture and shallow innovation. Emphasize the importance of originality and entrepreneurship, as well as the pioneer role of science and technology head enterprises. In addition, the price of Xiaomi SU7 is 215,900 yuan, and 88,898 orders are harvested in 24 hours, which shows its market appeal.

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Weimar Automobile is facing a serious insolvency problem, with total book assets of 3.988 billion yuan and liabilities as high as 20.367 billion yuan. At the first creditors’ meeting, it was revealed that the salary, compensation and welfare payments owed to employees exceeded 40 million yuan, and the partners such as supply chain were about 1.734 billion yuan. Freeman Shen, the founder of the company, is no longer in China, and his family has moved to the United States. Despite this, Weimar Automobile is still seeking restructuring to protect the rights and interests of all parties and resume operations.

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Ford China announced that Dr. Jia Mingyong will replace Ms. Zhu Meijun, who is about to retire, as the new president of Lincoln China. Jia Mingyong has rich industry experience and has held several senior management positions in SAIC Volkswagen. Lincoln sells a variety of models in China market, including Lincoln Z sedan and adventurers, navigators, aviators SUV, and imported pilots. Aviator is about to launch a mid-term revised version, which is consistent with the overseas version. In 2023, Lincoln’s sales in China exceeded 70,000 vehicles, with a total of 500,000 vehicles.

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The 27th Chengdu International Automobile Exhibition announced that it will be held in the West China International Expo City from August 30th to September 8th, 2024. At present, it is in the stage of attracting investment, and the specific ticket purchasing channels and booth map have not been announced.

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In April, a number of new cars will be launched, including China brand new energy vehicles and imported brand vehicles. The new Tengshi N7 will be launched on April 1st, with upgraded appearance and expected battery life of 630km. The 2024 model (|) will also be listed on the same day, adding a new version of Lvfan. The new generation Subaru WRX configuration information was exposed and the price was announced in April. The 2024 Land Rover evoque L will launch four models, including the plug-in hybrid version. Kaiyi Moon Pick Mate/ Kunlun i HD is expected to be launched in April, and Kunlun i HD is a plug-in hybrid version. The 2024 Lexus NX will be launched in April with an upgraded configuration. Baojunyue Plus is built on a brand-new platform and will provide five appearance colors. It is expected to be launched in April. Zhidou Rainbow will also be launched in April, positioning micro electric vehicles. Zhengzhou Nissan paladin cool edition/commemorative edition is planned to be launched on April 15th-16th, and will be equipped with a 2.0T engine.

[Travel dynamics]

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The National Development and Reform Commission announced that from 24: 00 on April 1st, the price of No.92 gasoline will be raised by 0.16 yuan per liter, No.95 gasoline by 0.17 yuan per liter and No.0 diesel by 0.16 yuan per liter. After this price adjustment, 8 yuan will be paid extra for filling a box of 50L No.92 gasoline. So far in 2024, the price of refined oil has undergone seven rounds of adjustment, including four upward adjustments, one downward adjustment and two stranding, in which the cumulative increase of No.92 gasoline is 0.53 yuan/liter, and the cumulative increase of No.0 diesel oil is 0.55 yuan/liter.

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Baidu Map, together with many research institutions, released the 2023 China Urban Traffic Report, which showed that Beijing continued to lead as the most congested city, with the congestion index increasing by 20.13% year-on-year, and the average speed at peak hours was only 24.26 km/h.. Lanzhou became the city with the fastest rising congestion ranking, rising by 36 places. In the list of commuting time and distance, Beijing ranks first. On the weekend congestion list, Guangzhou ranked first, and Wuhan ranked the fastest. In addition, the report also covers indicators such as cross-city migration, traffic light happiness and green travel willingness.

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A serious car accident occurred in the fourth section of Renmin South Road in Chengdu. A car knocked down many people, resulting in two deaths and two injuries. Zhang Moumou, the driver of the accident, has been under the control of the police, and the police are investigating and handling it. The accident occurred on the evening of March 31, 2024, in the second section of the South First Ring Road in Wuhou District.

[Product Information]

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Extreme Krypton 007 rear-drive enhanced version has been listed on April 1, with a price of 209,900 yuan. The car adopts 800V architecture, self-developed BRICS battery, and CLTC comprehensive battery life can reach up to 688km. Equipped with luxurious intelligent configuration and practical functions, such as 21-speaker advanced audio and 15.05-inch OLED central control panel. The design was built by Stefan Sielaff’s team, and it is available in single-motor and double-motor versions, with the acceleration time of 0-100km/h for the rear-drive version of 5.4 seconds. Car buyers enjoy a number of warranty rights, as well as limited-time low-interest installment concessions.

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SAIC Volkswagen LaVida’s cutting-edge and outstanding version is officially listed, offering two models, with the price range of 79.99-87.99 million yuan, which is 22,000-22,000 yuan lower than before. The configuration is consistent with the 2023 model, including automatic headlights, AEB automatic emergency braking, etc., and LED front fog lights and leather seats are added to higher-priced models. Equipped with a 1.5L engine and a 6-speed automatic transmission, the comprehensive fuel consumption of WLTC is 4.3L/100km.

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The new M7 rear-wheel drive models are now offering limited-time discounts until April 30th. The 1.5T rear-drive Plus version of the 5-seat model offers a discount of 20,000 yuan, with a car paint matching right worth 6,000 yuan, and the price after the discount is 229,800 yuan; The 1.5T intelligent rear-drive Max version 5-seat model offers a discount of 10,000 yuan, and the price is 279,800 yuan. The features of the new M7 include integrated air intake grille and headlights, spacious size, simple interior with luxurious wood grain decoration, high-tech intelligent cockpit equipment, and powerful HUAWEI DriveONE extended-range electric drive platform.

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FAW-Volkswagen announced that it will launch a limited-time supplementary subsidy activity from April 1 to April 23, with a maximum cash subsidy of 5,000 yuan and a maximum replacement subsidy of 24,000 yuan. The Tanyue family and Magotan enjoy free commercial insurance, and the first test drive can win Huawei Mate60 Pro. SUV models enjoy a replacement subsidy of 16,000 yuan and 5 maintenance, and the car Bora has additional cash and commercial insurance subsidies. The pure electric model ID.7 VIZZION enjoys 7000 ID coupons, as well as a number of replacement and recommendation offers.

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Weilai Automobile launched a subsidy scheme for replacing oil vehicles up to 1 billion yuan, encouraging consumers to replace new vehicles with oil vehicles and offering discounts of up to 30,000 yuan, including optional subsidies, NIO Phone vouchers, electricity exchange vouchers and NOP+ use rights. At the same time, Weilai optimized the battery rental service fee, and offered the first-class car purchase discount when paying the bill. This activity is valid until May 31st.

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Tucki G9 launched a limited-time preferential activity, with a maximum of 20,000 yuan of smart driving subsidy and a number of optional discounts. The activity period is from April 1 to April 30, 2024. As the flagship SUV of Tucki, G9 is designed with X Robot Face, equipped with split headlights, hidden door handles and 21-inch low-drag wheels. The interior has three large screens and is equipped with X-mart4.0 system. Powered by single rear drive and dual-motor four-wheel drive versions, the battery life ranges from 570km to 702km. Intelligent driving is equipped with dual NVIDIA DRIVE Orin chips, which has full scene assisted driving function.

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Cadillac IQ Aoge will be listed and delivered at the Beijing Auto Show, which is the second electric SUV based on the Otneng platform after IQ Ruige. The interior of the new car debuted, equipped with a curved one-piece large screen and a three-spoke steering wheel, decorated with blue elements, and the configuration includes head-up display and front seat heating. The appearance maintains the family style, with a size of 4822/1912/1643mm and a wheelbase of 2954 mm. The power system consists of two motors, providing four-wheel drive, with a maximum speed of 180 km/h.

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As a small SUV, Baojun Yueye Plus will be launched in April, offering five appearances and two interior colors. The new car adopts Square Box+ design language, and is equipped with a front single motor. The maximum power is 102 HP, the maximum speed is 150km/h, and the CLTC pure electric cruising range is 401km. The length, width and height of the car are 3996*1760*1726mm respectively, and the wheelbase is 2560 mm. The interior space is optimized, providing up to 28 storage spaces, and using advanced environmental protection materials to enhance the interior texture.

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Tesla announced that Model 3 and Model Y can now choose Star Grey Paint for free, after this option had to pay an extra 12,000 yuan. Model 3 is a pure electric medium-sized car with a price range of 24.59-28.59 million yuan and a maximum cruising range of 606-713km. Model Y is a pure electric medium-sized SUV with a price of 25.89-36.89 million yuan and a battery life of 554-688km. Tesla recently celebrated the 6 millionth car off the assembly line, from 5 million to 6 million in just six months.

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Aouita officially released a set of official drawings of the Aouita 12 convertible with a special April Fool’s Day edition. The new car design continues the sleek and smooth style of the ordinary version, and adds a convertible design to enhance elegance. However, the detailed analysis shows that these pictures are probably AI-generated works, such as the different shapes of taillights and the unrealistic elements such as the static vehicles in the pictures but dusty. Despite the flaws, the design of the convertible version is quite suitable.

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ICAR is about to launch a new pure electric SUV V23, which focuses on retro off-road style. The detaiLED design combines the lens and led strip’s round light group, NFC door unlocking function and 3X3 dot matrix taillights with recognition. The V23 is also equipped with millimeter-wave radar, which echoes the style of retro off-road vehicles, adopts short front and rear suspension and long wheelbase design, increases the internal space, and is equipped with an external spare tire. The new car is expected to be unveiled in the near future.

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All models of Tank 500 will be upgraded by OTA, the car system will be optimized, a variety of connection modes and navigation functions will be added, the multimedia system will be enriched, and a new "smart ball control" function and voice assistant optimization will be introduced. The upgrade contents include the suspension of speedball desktop, information push, global gesture operation, etc. At the same time, certain models will provide "remote control function of plugging and grabbing" to remotely start the air conditioner when charging.

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Zhiji Automobile will push the upgrade of IMOS 2.7.0 in batches from March 31st. More than 100 optimizations have been added in this update, including ICS pan/tilt braking, commuting mode (Beta) and mobile phone remote parking. Zhiji currently sells models of Zhiji L7, LS6 and LS7, and the prices are 299,900-578,800 yuan, 219,900-281,900 yuan and 279,800-449,800 yuan respectively.

BYD Qin PLUS DM-i2023 Champion Edition landed in Hainan for sale at 99,800 yuan.

Five subversion and four rejuvenation. On February 26th, BYD Qin PLUS DM-i2023 Champion Edition was officially listed in Hainan. The official guide price was 99,800-145,800, and the price of DM-i model dropped to less than 100,000 for the first time, opening a new era of the same price of oil and electricity.

Oil-electricity equivalence breakdown defense line

Qin PLUS DM-i2023 Champion Edition has launched five models (including 55KM and 120KM endurance versions) to fully meet consumers’ demand for car purchase. Among them, the leading price of 55KM has entered less than 100,000, making DM-i super hybrid a real universal technology.

Through the brand-new vehicle layout, Qin PLUS DM-i2023 Champion Edition has entered the price hinterland of joint-venture fuel vehicles, realizing the "same price of oil and electricity" for the first time in the A sedan market, so that more consumers have the opportunity to experience the revolutionary product strength of DM-i super hybrid with "the price of fuel vehicles".

Advanced subversive fuel products

This time, the Qin PLUS DM-i2023 Champion Edition brought five major subversion+four major rejuvenation, and it hit hard!

DM-i super hybrid technology takes Xiaoyun-plug-in special 1.5L high-efficiency engine, EHS electric hybrid system and DM-i super hybrid special blade battery as the core, and creates an electric hybrid technology, which brings five subversive driving experiences of "fast, economical, quiet, smooth and green", with an acceleration of 7.3s per 100 kilometers, a fuel consumption of 3.8L per 100 kilometers and a comprehensive cruising range of 1245km, redefining the A sedan.

At the same time, the 2023 Champion Edition faces the needs of consumers and realizes the further advancement of product strength through four major rejuvenation.

Yan Huanxin: The appearance of black jade blue and the color matching of warm sun brown interior are added, and the texture is full, highlighting the attributes of the family car.

Comfortable upgrade: increase the electric adjustment of the passenger seat and the heating function of the front seat, increase the punching process of the integrated sports luxury seat to improve the heat dissipation, and relax the cloud seat cushion to greatly improve the ride comfort, so that you are not tired after sitting for a long time.

Zhilian Evolution: In line with the market voice, the 2023 Champion Edition upgraded the 8.8-inch floating instrument with rich functions and larger "vision". The newly equipped DiLink4.0(4G) intelligent network connection system has more beautiful UI interface and faster voice recognition.

Audio-visual advanced: upgrade the 8-speaker hi-fi system, adopt full range to perfect sound effect adjustment, and comprehensively advance in six dimensions: balance, brightness, clarity, resolution, sound field height and presence.

In 2022, the A-class car market was "shuffled", and China automobile industry began to show its unique competitive advantage by changing lanes and overtaking. Qin PLUS broke the monopoly of joint venture, and won the monthly sales champion of A sedan for the first time in 12 years on behalf of China brand. This is the next city for China brand after mini-cars, SUVs and B+C class cars. (Photo: BYD Auto Haikou Xiangdi Branch Leng Jilong)

All-round pacesetter: ask the world M5 wisdom travel to form its own school.

Mr. Wang, 40, works as a supervisor in a financial company in Shanghai, and bought the M5 in June this year. When the author talked to him about this car, Mr. Wang’s chatterbox suddenly opened and talked about the feeling of using the car.

"I took a racing license when I was young. I have always liked cars and I know a lot about many cars." As a middle-aged 80s generation, although Mr. Wang has a successful career, he has always had a racing dreams who happily showed us his E-class racing license. At work, he is a decision-maker who looks at the overall situation. In life, he is a super daddy. Now he has a son and a daughter with his wife and lives happily. As a dad who likes cars, Mr. Wang liked performance cars before he had children, but his car habits changed after he had children. Like the majority of dad families, he liked "all-round cars" that could make the whole family travel better.

Then why did you choose to ask M5 this time?

When Mr. Wang first chose a car, he ordered many alternative models for himself — — BMW X3, Weilai ES6, Li ONE, etc. It can be said that all kinds of SUVs have been understood and no decision has been made. But a month ago, by chance, I learned that my friend had purchased the M5, and highly recommended it. "I feel that the control is great, which can be said to be the integration of people and vehicles." Since then, he has taken an interest in asking about M5.

Later, Mr. Wang browsed the related articles about the M5 on the major automobile websites, and specially went to Shenzhen to attend the Guangdong-Hong Kong-Macao Greater Bay Area Auto Show at the end of May. Through on-site close-up understanding and test drive, Mr. Wang strengthened his inner thoughts, and this is the car he wanted. Moreover, his wife and children were particularly satisfied with the interior, appearance and cost performance of the M5. So at the auto show, Mr. Wang paid the deposit without hesitation.

The Wujie M5 has good performance and endurance, and is both robust and wild.

As a "performance coffee", Mr. Wang attaches great importance to the performance and power of the car. "The all-aluminum chassis carried by the M5 is also one of the reasons why I decided to buy this car." He introduced to us that many chassis of the same price models on the market only use cast iron chassis, while the all-aluminum chassis of the M5 is more stable and flexible in handling, especially in the winding mountain road, which has the feeling of "moving with your heart". In addition, the 100-kilometer acceleration of the M5 can reach 4s level, which is even more icing on the cake for Mr. Wang with performance control. Mr. Wang also said with satisfaction: "To my surprise, apart from the good motivation, the M5 can also ride comfortably with his family ‘ Gentleness ’ Respond. "

Family travel, endurance is also essential. Mr. Wang drives his wife and children to play every week. "This car has much better endurance than an oil car, and I am very satisfied." Mr. Wang can have such an evaluation, thanks to the intelligent extended range platform of pure electric drive of the M5, and the WLTC is over 1100km when full of oil and electricity, which can eliminate mileage troubles for home users like Mr. Wang and realize zero anxiety for travel life.

Large space and high safety: the M5 brings peace of mind to travel.

As parents, the most important thing for children to travel is to take safety. Therefore, Mr. Wang has particularly high requirements for the safety of vehicles. In Mr. Wang’s view, Contemporary Amperex Technology Co., Limited CTP battery is used in the M5, and its battery safety is absolutely guaranteed. The M5 in Wenjie comes standard with 6 airbags and L2+ automatic driving, which is also well received by Mr. Wang.

For home users, spatial expression is as important as power and control. Mr. Wang specially emphasized the ride space of the M5. "We have two children in our family, both of whom are still very young and noisy, so the requirements for the space in the car are also quite high. The interior space of this car is large enough, and we travel a lot of luggage every time, which is more than enough. " When talking about the safety in the car, Mr. Wang also affirmed the configuration of the M5 in the car: "Unlike other new cars, there is no pungent smell in the M5 in the car, and the air health and respiratory health are guaranteed." Mr. Wang’s high praise is due to the attention paid by the expert M5 to the health and environmental protection in the car. In terms of the materials and purification system in the car, the expert M5 has fully considered the needs and experiences of consumers from the beginning of design, thus bringing Mr. Wang a healthier and more environmentally friendly family trip feeling.

Equipped with car "ceiling": HarmonyOS intelligent cockpit

Mr. Wang is also full of praise for the HarmonyOS intelligent cockpit system carried by the M5: "When driving, for the sake of driving safety, I usually choose the voice control car system. The response of the car machine system of the M5 is comparable to that of a mobile phone. Even when navigating the map, it is more sensitive and convenient than my mobile phone. " Mr. Wang bluntly said that as a middle-aged user, he is obviously not as keen on the use of smart tools as young people, but in his view, the HarmonyOS smart cockpit equipped with the M5 is quite easy to interact and convenient to connect across devices, which can be said to be "one-button silky" in all aspects.

Write at the end:

Driving control and comfort are complete. For Mr. Wang’s family, the M5 is like an all-powerful hexagonal warrior guarding the family’s trip. I believe there will be more people like Mr. Wang who will be asked about the performance of M5.

Cancel the restrictions on the movement of used cars nationwide, interpreted by the relevant person in charge of the Ministry of Commerce-accelerating the release of consumption potential in the used

  Core reading

  Recently, the Ministry of Commerce, together with the Development and Reform Commission, the Ministry of Industry and Information Technology and other 16 departments, issued the "Several Measures on Invigorating Automobile Circulation and Expanding Automobile Consumption", proposing "supporting the large-scale development of used car circulation, and strictly implementing the policy of completely canceling the restrictions on the movement of used cars in all regions". In this regard, the relevant person in charge of the Ministry of Commerce said in an interview with this reporter that after the removal restriction policy is completely abolished, used cars will further realize free circulation throughout the country, and the supply of automobile products in various places will be more abundant, which will enhance the adaptability between supply and demand and better meet the demand for automobile consumption.

  Recently, the Ministry of Commerce, together with the Development and Reform Commission, the Ministry of Industry and Information Technology and other 16 departments, issued the "Several Measures on Invigorating Automobile Circulation and Expanding Automobile Consumption" (hereinafter referred to as "Several Measures"), proposing "supporting the large-scale development of used car circulation, and strictly implementing the policy of completely canceling the restrictions on the movement of used cars in various regions". What is the background for the "Several Measures" to cancel the policy of restricting the movement of used cars? What new measures are there to accelerate the active second-hand car market? The reporter interviewed the relevant person in charge of the Ministry of Commerce.

  Second-hand cars will further realize free circulation throughout the country.

  Restricting the removal of used cars has always been a prominent problem that restricts the construction of a unified national automobile market. In the past few years, the State Council has deployed many times, and relevant departments and localities have conscientiously implemented it, and continued to promote the cancellation of the policy of restricting the movement of used cars, and achieved positive results.

  According to the relevant person in charge of the Ministry of Commerce, some enterprises and the masses have reported that since the implementation of the national sixth emission standard for new cars nationwide, a few places have "added policy" to used cars, requiring foreign countries to transfer used cars to meet the national sixth emission standard, and vehicles with national fifth emission standards are not allowed to move in. At the same time, there are still some places that violate the existing regulations of the state and restrict the movement of used cars that meet the emission standards of in-use cars, which hinders the free circulation of used cars across regions, restricts the operation of enterprises and inhibits the automobile consumption demand of the masses, which has been strongly reflected by all parties.

  In order to solve these problems, in May, the State Council issued a "package of policies and measures to stabilize the economy", which clearly required that the policy of restricting the movement of used cars be completely abolished. The "Several Measures" have further refined and implemented this to ensure that this measure will be effective as soon as possible. The first is to clarify the scope requirements. That is to say, it is required to implement this policy nationwide, including key areas for air pollution prevention and control, and promote the free circulation of used cars that meet the national five emission standards. The second is to clarify the time requirements. In a few areas, the policy of lifting the restriction on relocation has made slow progress. In order to ensure that this measure will be effective as soon as possible, it is further clarified that this measure will be fully implemented from August 1 this year.

  According to the relevant person in charge of the Ministry of Commerce, according to the analysis of relevant institutions, at present, the flow of used cars in China generally presents a regional feature from first-and second-tier cities to third-and fourth-tier cities. After the removal restriction policy is completely abolished, used cars will further realize the free circulation throughout the country, promote the rich supply of automobile products in various places, enhance the adaptability between supply and demand, better meet the demand for automobile consumption, satisfy people’s yearning for a better life, and achieve good economic and social benefits.

  The person in charge said that the Ministry of Commerce will closely follow the progress of the implementation of local policies with relevant departments, do a good job of supervision and inspection, and ensure that the policies are fully implemented and effective as soon as possible.

  Thoroughly get through the difficulties in the circulation of used cars.

  Used cars are an important link in the whole life cycle of automobiles. Invigorating the circulation of used cars can revitalize the stock of cars and increase the consumption of new cars, which plays a very important role in promoting the consumption of cars.

  China’s car ownership has exceeded 300 million, ranking first in the world. After the car ownership reaches a certain level, the second-hand car market begins to increase in volume, which is the universal law of automobile consumption in the world. In 2021, China’s second-hand car trading volume reached 17.59 million, less than 6% of the car ownership, far below the proportion of the international mature car market. The problems of cross-regional restrictions on the movement of second-hand cars, unclear commodity attributes, and limited distribution business have seriously hindered the development of the second-hand car market.

  According to the relevant person in charge of the Ministry of Commerce, on the basis of systematic combing and extensive investigation, the Ministry of Commerce has put forward a series of measures to comprehensively develop the circulation of used cars, hoping to completely break through the difficulties in the circulation of used cars, so that used cars can gradually standardize transactions, circulate freely and consume with confidence like new cars. These measures cover almost all aspects and fields of second-hand car circulation, from the registration of market entities to filing, to the accounting treatment and invoice issuance of second-hand cars, and then to the cross-regional circulation and transfer registration of vehicles. In addition to the total cancellation of the relocation restriction policy, the "Several Measures" also includes the following aspects — —

  Support the development of distribution business and promote scale development. Enterprise distribution mode is the main circulation channel of the mature international used car market, accounting for about 70%. China’s used car market is dominated by the "broker+individual" model, and the problem of "small and weak" in the industry is prominent. To this end, the "Several Measures" require the abolition of unreasonable restrictions on the development of second-hand car distribution, and it is clear that enterprises with registered residences and business premises outside the second-hand car trading market can carry out second-hand car sales business. At the same time, because natural persons can’t issue sales invoices to the purchasing enterprises as sellers when selling used cars, in order to facilitate the people to sell cars and business operations, used car enterprises are allowed to issue invoices as buyers, that is, "reverse invoicing", and handle the transfer registration procedures accordingly.

  Optimize transaction registration management and promote efficient circulation. The "Several Measures" clarify that the second-hand cars distributed by enterprises should be accounted for as "inventory goods" like new cars, and a separate endorsement should be made when the vehicles are transferred and registered, and a temporary number plate should be issued, which greatly optimizes the transaction registration process; For cities where automobile purchases are restricted, it is clear that the second-hand cars purchased by automobile sales enterprises and used for sales do not occupy the number plate index, further reducing the operating costs of enterprises and facilitating the circulation of second-hand car transactions.

  Promote the professional, large-scale and standardized development of used car circulation

  The "Several Measures" proposes to restrict natural persons from selling three or more used cars that have been held for less than one year in a natural year. In this regard, the relevant person in charge of the Ministry of Commerce said that this measure is more specific, but it plays an important role in promoting the professional, large-scale and standardized development of used car circulation.

  This policy meets the needs of the development of used car circulation and the demands of the industry. According to the current regulations, individuals do not have to pay value-added tax when selling used cars, and they are tax-free. However, distribution enterprises should levy value-added tax according to a certain proportion of sales when selling used cars. For this reason, some second-hand car distribution enterprises carry out second-hand car distribution business in the name of brokers, and trade the vehicles under the name of individuals, resulting in the phenomenon of individual "backtracking". At present, the circulation of second-hand cars in China is dominated by "brokers+individuals", which leads to the "small and weak" industry, and has a negative impact on society, resulting in unfair competition and many transaction disputes, which has dampened consumer confidence and become a drawback of the industry. The industry calls for effective policies to effectively regulate this phenomenon.

  This measure also draws lessons from the experience of the mature international automobile market. The Ministry of Commerce has fully investigated the management of second-hand car circulation in developed countries. The circulation of second-hand car transactions in developed countries is very common and there are many mature experiences and practices. For example, if an individual sells a certain number of used cars within a certain period of time, he is recognized as a used car dealer. At this time, he can no longer trade in his own name, and must pay taxes according to law. He must express his car condition information to the next distribution enterprise and consumers, and he must also bear the responsibility of quality assurance. The Ministry of Commerce also draws lessons from these international advanced practices.

  This measure will not affect the normal car sales behavior of the majority of car owners. The starting point of this measure is to eliminate the phenomenon of individual "back-selling" and will not affect individual car sales. The number of cars in China has exceeded 300 million, and the number of individual owners is 215 million. Among the 215 million car owners, there are about 2 million car owners who own more than three or more cars. The Ministry of Commerce has conducted in-depth research. Among these 2 million car owners, it is rare to sell more than three cars that have been held for less than one year in one year. Therefore, this measure will not affect the normal car sales behavior of individuals. At the same time, this measure also reserved a half-year transition period, which also reserved sufficient time for reasonably guiding market expectations and ensuring a smooth transition of policies.

  People’s Daily (August 18, 2022, 07 edition)