Commercial vehicle scrapped can receive a subsidy of over 10,000 yuan!

The Ministry of Finance and the Ministry of Commerce jointly issued an announcement a few days ago to clarify the scope, subsidy standards and acceptance time of the subsidized vehicles for obsolete and renewal of old cars in 2012. This year's trade-in subsidies are mainly commercial vehicles. Where eligible city buses, heavy-duty trucks and other old vehicles are scrapped, the subsidy amount is 11,000 to 18,000 yuan. Relevant subsidy fund applications are accepted from July 1, 2012 to January 31, 2013.

The announcement stipulates that during 2012, car owners will sell old cars with a length of more than 4.8 meters (including 4.8 meters) and less than 7.5 meters to end-of-life car recycling companies that have been used for more than 6 years (including 6 years) and less than 15 years. In the same year, the rural passenger transport vehicles were renewed and a subsidy of RMB 11,000 per vehicle was obtained. The owner will sell semi-trailer tractors that have been used for more than 10 years (including 10 years) and less than 15 years and heavy-duty trucks with a total mass of more than 12,000 kg (including 12,000 kg) to end-of-life car recycling companies. The subsidy standard is per vehicle 18,000 yuan.

This year’s urban bus trade-in subsidies are divided into two standards: use for more than 8 years (including 8 years) and less than 15 years, the length of the bus is greater than 6 meters (including 6 meters) or the number of passengers is greater than 20 (including 20 people) The subsidy standard for urban buses that were updated in the same year is 18,000 yuan per vehicle; the urban buses that are less than 6 meters in length and have 10 to 19 passengers, and are updated in the same year, the subsidy standard is 1.1 per vehicle Ten thousand yuan, 7,000 yuan less than last year.

Relevant persons from the China Automobile Manufacturers Association said that the introduction of a new round of stimulus policies is a good thing. From January to May this year, automobile production and sales were 8.003 million and 8.23 million, an increase of 3.19% and 1.7% year-on-year, respectively. The domestic automobile market showed a steady upward trend. However, commercial vehicles performed poorly this year. In the first five months, 301,800 units were produced, a decrease of 11.87% month-on-month and 2.02% year-on-year; sales of 325,300 units were down 6.63% month-on-month and 4.3% year-on-year. The introduction of the old-for-new subsidy policy will help the commercial vehicle market to recover.