Car "old for new" subsidy increase to 5 billion yuan

New varieties of commercial vehicles the study of the State Council's executive meeting, chaired by Premier Wen Jiabao, 19th, has deployed a policy measure to encourage cars to "replace the old" and to use financial subsidies to encourage cars to "replace them with old ones" and to raise the central finance to 5 billion yuan for old auto scrap renewal subsidies. Analysts pointed out that, compared with the previous policy, "to replace the old" whether the scope or the amount of subsidy has been expanded, which is conducive to the further overall recovery of China's auto industry.　　Because some of the commercial vehicle varieties are the first to enter the "Old for new" range, so the commercial car is more favorable. The "Old for new", is in the existing old auto scrap renewal subsidy policy on the basis of expanding the scope of subsidies, increase subsidies. In accordance with the spirit of the meeting of the State Council, the light, micro-trucks and some medium-sized passenger cars, the appropriate early scrap and the purchase of new cars, or the early scrap pollutant emissions to the national Ⅰ standard gasoline vehicles and the national Ⅲ standard diesel vehicles, and to redeem new cars,　　Be subsidized in accordance with the amount of the purchase tax in principle not higher than that of a single vehicle. In this respect, China Merchants Securities auto industry Analysis Teacher Yu pointed out that, compared with the previous policy, the "Old for new" in the increase in the cards, micro-cards and some medium-sized passenger cars, so that commercial vehicles for new varieties to increase, conducive to the recovery of commercial vehicles. Everbright Securities industry analyst Yang Huashu further pointed out that the "old for new" policy, pollutant emissions can not reach the national Ⅰ standard gasoline vehicles and the national Ⅲ standard diesel vehicles in Beijing and Shanghai, such as the "Yellow tagged car", many provinces and cities have requested "yellow tagged car" exit from the city of the regular subsidy policy to promote the "Yellow tagged car" of the swap,　　Because of this huge market, such as Shanghai's "Yellow tagged car" there are 300,000 vehicles, and a year in Shanghai, only 890,000, so this is conducive to increase sales of commercial vehicles. In addition, it is noteworthy that the State Council has once again increased the total amount of subsidies to increase the number of beneficiary vehicles. Prior to the auto industry revitalization planning in the old auto scrap updated fiscal subsidy policy, increased subsidies to support the strength and improve the subsidy standard. At that time, the 2009 old auto Scrap renewal Subsidy fund total from 2008 of 600 million yuan increased to 1 billion yuan. The State Council executive meeting once again raised the total amount of subsidy, the central government this year, the old auto scrap update subsidy from 1 billion yuan to 5 billion yuan. The increase in subsidy funds also means the increase in subsidized vehicles, thereby increasing the amount of swap efforts.