Lack of "grain" in the hands of dealers

Falling, falling, or falling, the online auto market is the news that imported cars are falling in price, and it is 100,000 yuan and several hundred thousand yuan. The people have a bit of panic. After several rounds of price cuts, the high-priced domestic cars have already reached the same level as imported cars at the same level. According to reporters' interviews in the market, the current price of imported cars has basically bottomed out and may rebound at the end of the year or early next year. According to China’s commitment to join the WTO, the transition period for the protection of the automotive industry will end at the end of this year. Since January 1, 2005, the implementation of the import quota management system for automotive products has been abolished for many years, and the import tariffs on automobiles have continued to be lowered until July 1, 2006, when the tariff for imported vehicles is reduced to 25%. China's auto market will enter a post-transition period without quota protection. It is reported that the tariffs for imported cars will not drop much next year. According to the commitment, by July 1, 2006, the tariff of imported vehicles will be reduced to 25%. The current import volume of imported cars with a displacement of less than 3 liters will not change because of a consumption tax of 8% (above 2.2 liters) and a value-added tax of 17%. Therefore, the comprehensive tax rate of imported cars will drop by only 5 percentage points compared with this year. In addition, the "Automobile Industry Development Policy" implemented on June 1 this year has eliminated the bonded car import policy that has been implemented for many years. Since 2005, all bonded ports in import ports are not allowed to store automobiles that are designed to enter the domestic market. After canceling the imported automobile taxation policy, import vehicles must pay taxes upon arrival in Hong Kong, causing the operating costs of dealers to increase suddenly. Zhu Yucheng of Shanghai Baocheng believes that not only the operating costs of imported car dealers will increase next year, but also because many imported car dealers will sell inventory cars at reduced prices. Many imported cars have already fallen below the cost price, and they are now at the dealership level. There are few stock cars in it. Affected by the cancellation of the bonded policies of imported cars, dealers did not dare to enter the car rashly. Therefore, under the condition that imported cars are basically sold out and supplies are not able to keep up this year, the prices of imported cars will likely rebound in the early next year, and will not suffer a sudden drop. Although the overall performance of the auto market this year is not very good, it still has increased compared to last year. According to customs statistics, in the first seven months of this year, China imported 112,254 vehicles (including complete sets of spare parts) for automobiles, amounting to US$3,459 million, an increase of 6.6% and 16% respectively year-on-year. The increase in the amount of money was 9.4 percentage points higher than the increase in volume, indicating that the unit price of imported vehicles continued to rise and the grades continued to increase. In the first 7 months, the key parts of imported automobiles were 2.284 billion U.S. dollars, an increase of 42.6% year-on-year, and the increase was much higher than the increase in vehicle imports. Imports of automobile accessories reached US$4,524 million, a year-on-year increase of 26.2%. In the first seven months of the entire vehicle fleet, cars and four-wheel drive SUVs accounted for 83% of the total. Which cars accounted for 65%, off-road vehicles accounted for 18%. The number of imported cars increased by 20.5% over the same period of last year. The market is not so crazy as it was in the previous two years, but it is in a state of steady growth. Moreover, the overall upward trend in the domestic economy is also an important reason for the importers to be optimistic about the backward trend. Although the market conditions will fluctuate, the trend of China's automobile prices in line with international standards will not change.

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