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CPCA: CN Auto Sales Expected to Hike About 2M Units on Vehicle Purchase Tax Cut
China Passenger Car Association (CPCA) Secretary-General Cui Dongshu commented that, compared to the vehicle purchase tax reduction measures in 2009 and 2015, the current round of ...
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CPCA: CN Auto Sales Expected to Hike About 2M Units on Vehicle Purchase Tax Cut
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2022/07/04 07:17
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China Passenger Car Association (CPCA) Secretary-General Cui Dongshu commented that, compared to the vehicle purchase tax reduction measures in 2009 and 2015, the current round of supportive policy is more wide-reaching with more vehicle models likely to benefit, reported Chinese media.

Through the implementation of various supportive policies including the reduction of vehicle purchase tax and the government's seven-month efforts in stimulating automobile consumption, the full-year domestic auto sales are expected to reach 21 million units, representing an additional sales volume of around 2 million units, with more than 10 million passenger vehicles estimated to be able to benefit from the policies.
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