The automobile market entered the second half of the year, and the possible policy changes in the imported car market have become the key to predicting the automobile market next year. Yesterday, the person in charge of the Ministry of Commerce said in an interview with related media that it is inaccurate that the rumor that the cancellation of the auto import quota next year has not been determined. According to the "Protocol on China's Accession to the World Trade Organization," China will abolish import quotas and license management for automobiles and key parts from 2005, and the import licenses for automobiles and key parts issued in 2004 will not be valid. It is postponed until 2005. Relevant persons believe that although the Ministry of Commerce has explicitly canceled the import quotas and license management time limits for automobiles and their key parts, due to the possibility of implementing two other “policies†next year—landfill duty and import vehicle registration system, next year The trend of imported cars is still “being controlled†by the policy, and there will not be expected large-scale price cuts. In fact, from the first half of this year, rumors about new policies for imported cars will begin to spread among dealers. The first is that import vehicle quota permits will be abolished in 2005, followed by the possibility of landfall duty and import vehicle registration systems in the second half of the year, followed by an import brand agency system. Affected by the above factors, there have been two judgments in the imported car market. One kind of judgment is that the price of imported cars will decline next year; another kind of judgment is that the price of imported cars may rebound next year. However, with the other two policies unclear, the import car market, including dealers, is still waiting to be seen next year. Some small-scale import car dealers are eager to take off their imported cars because they are not optimistic about the imported car market next year, or they cannot continue to operate imported cars after the implementation of the new policy. At the end of this year, there have been phenomena that caused prices to be reduced among cars. Of course, another reason is that the end of the year is approaching, and some import car dealers' bank letters of credit are due to expire and they are eager to recover funds. In addition, with the increase in the strength of domestic auto companies, the impact of imported models on the market is also constantly weakening. For example, one obvious change this year is the influx of some large-displacement imported vehicles, such as the Maybach, Bentley, Jaguar, Mercedes-Benz S-Class, BMW 7 Series, Audi A8 and other ultra-luxury cars that have not yet been produced domestically, and a small amount of personalized imports. The models are constantly increasing. As there is no conflict between these cars and domestic cars, they will gradually dominate the imported car market. And some imported cars with prices of less than 600,000 yuan will eventually exit the market. According to the data provided by the Department of Mechanical and Electrical Affairs of the Ministry of Commerce, from January to September this year, China imported 136,873 vehicles (including spare parts) of various types of vehicles, which was only 5% higher than the same period of last year. According to the analysis, the main reason for the declining domestic demand for imported cars is the increase in domestic automobile production capacity, especially the joint venture production of Chinese and foreign cars, which fills in the demand for some imported cars. As China will cancel the license management of auto import quotas next year and continue to reduce auto import tariffs, it is likely to maintain its current low growth rate for the whole of next year.
Will import quotas completely abolish imported cars next year?
The automobile market entered the second half of the year, and the possible policy changes in the imported car market have become the key to predicting the automobile market next year. Yesterday, the person in charge of the Ministry of Commerce said in an interview with related media that it is inaccurate that the rumor that the cancellation of the auto import quota next year has not been determined. According to the "Protocol on China's Accession to the World Trade Organization," China will abolish import quotas and license management for automobiles and key parts from 2005, and the import licenses for automobiles and key parts issued in 2004 will not be valid. It is postponed until 2005. Relevant persons believe that although the Ministry of Commerce has explicitly canceled the import quotas and license management time limits for automobiles and their key parts, due to the possibility of implementing two other “policies†next year—landfill duty and import vehicle registration system, next year The trend of imported cars is still “being controlled†by the policy, and there will not be expected large-scale price cuts. In fact, from the first half of this year, rumors about new policies for imported cars will begin to spread among dealers. The first is that import vehicle quota permits will be abolished in 2005, followed by the possibility of landfall duty and import vehicle registration systems in the second half of the year, followed by an import brand agency system. Affected by the above factors, there have been two judgments in the imported car market. One kind of judgment is that the price of imported cars will decline next year; another kind of judgment is that the price of imported cars may rebound next year. However, with the other two policies unclear, the import car market, including dealers, is still waiting to be seen next year. Some small-scale import car dealers are eager to take off their imported cars because they are not optimistic about the imported car market next year, or they cannot continue to operate imported cars after the implementation of the new policy. At the end of this year, there have been phenomena that caused prices to be reduced among cars. Of course, another reason is that the end of the year is approaching, and some import car dealers' bank letters of credit are due to expire and they are eager to recover funds. In addition, with the increase in the strength of domestic auto companies, the impact of imported models on the market is also constantly weakening. For example, one obvious change this year is the influx of some large-displacement imported vehicles, such as the Maybach, Bentley, Jaguar, Mercedes-Benz S-Class, BMW 7 Series, Audi A8 and other ultra-luxury cars that have not yet been produced domestically, and a small amount of personalized imports. The models are constantly increasing. As there is no conflict between these cars and domestic cars, they will gradually dominate the imported car market. And some imported cars with prices of less than 600,000 yuan will eventually exit the market. According to the data provided by the Department of Mechanical and Electrical Affairs of the Ministry of Commerce, from January to September this year, China imported 136,873 vehicles (including spare parts) of various types of vehicles, which was only 5% higher than the same period of last year. According to the analysis, the main reason for the declining domestic demand for imported cars is the increase in domestic automobile production capacity, especially the joint venture production of Chinese and foreign cars, which fills in the demand for some imported cars. As China will cancel the license management of auto import quotas next year and continue to reduce auto import tariffs, it is likely to maintain its current low growth rate for the whole of next year.