Incentives Launched in Changchun City to Promote Automotive Consumption

Updated : 2020-03-31Source : CCFAO
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To implement the Opinions on Consumption Promotion and Quality Improvement to Accelerate the Formation of a Strong Domestic Market issued by the ministries and commissions including the National Development and Reform Commission on March 23, and put in practice the deployments of the CPC Jilin Provincial Committee and the People’s Government of Jilin Province on stimulating the potential of automotive consumption, stabilizing the development of automobile industry and revitalizing the development of local economy, a series of policies and measures have been launched due to which the local auto market harder hit by the epidemic is getting back to normal day after day. Over the past week, 1,377 new cars, an increase of 23% on a monthly basis, have been sold and registered within Jilin Province. 

 

The reporters have learned from competent departments and car dealers that the following policies and measures have played an important role in boosting the consumption on automobile, including encouraging the purchase of new cars, a one-off subsidy of 3% up to RMB4000 for purchasing a car produced in Changchun City and sold, registered within Jilin Province; encouraging renewal and replacement with a one-time subsidy of up to RMB5000 for a new car buyer as a license owner of Jilin Province with a receipt of a used car or a car scrapping certificate in the period from March 20 to June 30, 2020; a one-time subsidy of up to RMB6000 for each car to a group buyer of no less than five cars (each car priced not less than RMB200,000). Valid as of June 30 this year, the incentives mentioned above shall not be used in an overlapped way.  

 

The automobile enterprises and buyers also enjoy the following preferential policies in Jilin Province, that is, first, to promote the publicity of preferential policies for overseas returnees to purchase domestic duty-free cars and take active measures to guide overseas returnees to purchase the cars produced in Changchun City; second, to support financial institutions to develop innovative financial products for the upstream and downstream enterprises in the automobile industry chain, provide specialized, customized financial services and establish targeted credit policies and a business processes; third, to arrange timely inspections and testing for auto parts, measuring instruments and special equipment, and to provide online inspection or on-site services as much as possible; forth, to create fast and convenient traffic conditions for exported vehicles in the process of transportation; fifth, “four cancellations” of filling out form, photocopy, submission and rubbing, “all-in-one certificate” and “all-in-one service counter” will be adopted in the 4S stores for license registration; sixth, to encourage automobile enterprises in Changchun City to cooperate with businesses to organize thematic sales activities to promote effective interaction, and support the establishment of various online marketing platforms by means of exhibition, exposition, tiktok and internet celebrity; seventh, to support the car makers in Changchun City to advertise their products at airports, railway stations, expressways, urban commercial places, bus stations, 5A scenic spots, etc.; and eighth, to support the automobile enterprises in Changchun City to combine with tourism and provide car rental services for self-driving tours in appropriate places to attract potential consumers.