Whether the 1.6L small-displacement purchase tax reduction policy can be extended in 2017 is final. On December 15, the Ministry of Finance and the State Administration of Taxation announced that from January 1, 2017 to December 31, the purchase tax on passenger cars with a displacement of 1.6 liters or less will be levied at a rate of 7.5%. From January 1, 2018, the vehicle purchase tax will be levied at a statutory rate of 10%. The declining policy of small-displacement car purchase tax gave the car market a reassurance in 2017.
For the biggest variable in the 2017 auto market, the China Automobile Association believes that it is the key to whether the 1.6L small-displacement purchase tax halving policy can be extended. If the policy continues to be implemented, China's auto sales in 2017 is expected to increase by 6% year-on-year; if the policy exits, the year-on-year growth is only 2%. It seems that the policy has continued, but the reduction is halved, but it is not a big problem to keep the growth of 6% in 2017.
“Although the reduction and halving, the 1.6L small-displacement purchase tax reduction policy is a good thing!†A Beijing dealer told the Beijing Morning Post reporter that “the continuation of the policy can contribute to the smooth transition in 2017, otherwise 2017 The days will be very bad. After a year of retreat adjustment, perhaps by the end of the 2018 policy concession, it will not be as big as it is now.†The new policy means to purchase 1.6 liters and below before December 31 this year. The passenger car will still enjoy the maximum 5% vehicle purchase tax rate, and in 2017 this tax rate will be raised to 7.5%, and the normal tax rate of 10% of the vehicle purchase tax will be restored after 2018.
The Beijing Morning Post reporter calculated an account. According to the regulations, the formula for calculating the automobile purchase tax is: purchase tax = purchase price / (1 + 7%) × purchase tax rate (10%) × tax reduction (0.75). For example, a small-displacement new car with a purchase price of 100,000 yuan is subject to a purchase tax of about 6,410 yuan, which is 2,137 yuan more than the 2016 purchase tax halving period (4273 yuan). If you purchase a small-displacement new car with a guide price of 150,000 yuan, the purchase tax payable is about 9615 yuan, which is 3205 yuan more than the 2016 purchase tax halving period (6410 yuan). If you purchase a small-displacement new car with a guide price of 200,000 yuan, the purchase tax payable is about 12.82 million yuan, which is 4273 yuan more than the 2016 purchase tax halving period (8547 yuan).
Next year, the policy will shrink by half, and the auto market will move. “On the weekend of the past, the traffic to the store has increased significantly in order to catch up with the 'last bus.†Some dealers told the Beijing Morning Post that in general, the policy will have a market digestive period, next March and April. Or return to normal sales levels.
With policy support, the car market in 2017 has a sigh of relief. Regarding the trend of the automobile market in 2017, in addition to the policy factors, the experts of the China Automobile Association analyzed that the four factors including the policy affect the future development of the automobile market.
First, by 2020, the population of 25 to 35 years old will begin to decline, and the population of the main car buyers will decrease in the future.
Second, the third-line and below markets will drive future auto market growth.
Third, the continued fierce supply of SUVs will bring continuous growth to the auto market. According to statistics, there are more than 130 SUVs with more than 1,000 units sold in 2016; more than 40 new products are expected to be launched in 2017; from the perspective of product supply, the self-owned brands will be placed below 80,000 and 80,000 to 100,000. At the same time, tentatively entered the 150,000 to 200,000 range. The joint venture brand will increase investment in small SUVs from 100,000 to 150,000 while deepening the range of 200,000 to 300,000, and these areas will be the main incremental market next year.
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