As soon as the news of tax reduction comes out, it has become a consensus in the market that car companies compete to reduce prices and pay attention to the development of new energy vehicles.

SMM3 18: March 11, the China Automobile Association released statistics, China in February passenger car sales of 1.22 million, down 17.4% from the same period last year; Car sales in February were 1.48 million, down 13.8% from a year earlier, and China's auto industry may be in its darkest hour.

The malaise of car sales has attracted the attention of the government. A series of policies proposed in the "report on the work of the governments of the two sessions", such as reducing VAT in the manufacturing industry, stabilizing automobile consumption, and strengthening pollution prevention and control, have brought many positive factors to automobile production, automobile consumption, and automobile use. The value-added tax rate of the manufacturing industry will be reduced to 13% from the current 16%. While further reducing the tax burden on enterprises, it will also reduce the cost of automobile consumption, and will actively promote the overall market to improve gradually.

Last week, after the conclusion of the second session of the 13th National people's Congress, Premier Li Keqiang met with Chinese and foreign reporters covering the second session of the 13th National people's Congress at the Golden Hall on the third floor of the Great Hall of the people and answered questions raised by reporters. Li Keqiang said that value-added tax will be reduced on April 1 and social security rates will be reduced on May 1, pushing it away in an all-round way.

As soon as the tax reduction policy came out, in a short period of two days, a number of car companies successively announced adjustments to the suggested retail prices of their products. The intensive price reduction has aroused widespread concern, and many consumers are also concerned about whether more car companies will follow suit and whether domestic cars will also be reduced.

For a number of car companies competing to reduce prices, Li Xianjun, director of the Automotive Development Research Center of Tsinghua University, believes that the reduction in the value-added tax rate is a trigger, and more importantly, the need for competition. Tesla domestic production is expected to produce 500000 vehicles a year, the first production of Model 3, the future price is likely to be less than 300000. This is currently mainstream imported cars, such as Mercedes-Benz intermediate cars, Audi A4, BMW X3 this level of cars, is very competitive.

Liu GE, a financial commentator at CCTV, believes that China's auto industry has been doing well over the past 20 years, benefiting from economic growth and consumption growth. But now that changes have taken place, the demand for car growth has slowed to a certain extent, and new competitors, including new energy vehicle companies at home and abroad, will join the track, and the pattern of the industry will change dramatically. In this context, the whole industry will face greater competitive pressure, many of the original "lying win" car enterprises, models will face pressure to reduce prices. However, at present, the stimulating effect of price reduction on consumption will not appear quickly in a short period of time, because people still have a way of thinking to wait and take a look, which should be a gradual warming process. Passenger car sales are down nearly 20% from the same period last year, but at the same time, new energy sales continue to soar, and overseas sales also have frequent bright spots. Coupled with a series of domestic policies, production and sales of new energy vehicles are increasing with each passing day. It is one of the most prominent characteristics of the domestic car market in the past two years. New energy vehicle sales from January to February were 148000, up 98.9 per cent from a year earlier, and 53000 vehicles per month in February, up 53.6 per cent from a year earlier, according to the CAAC.

On 29 January this year, ten ministries jointly issued the implementation Plan for further optimizing supply, promoting steady growth of consumption and promoting the formation of a strong domestic Market (2019), and the Ministry once again launched the policy of "cars going to the countryside." I hope to invigorate the Chinese auto market. In addition, the "report on the work of the governments of the two sessions" proposed to stabilize automobile consumption, continue to implement preferential policies for the purchase of new energy vehicles, and continue to promote pollution prevention and control. With the continuous in-depth promotion of the blue sky defense war, the new energy vehicle market will achieve further prosperity and development.

On March 12, 2019, Xu Liuping, deputy to the National people's Congress and party committee secretary and chairman of China first Automobile Group Co., Ltd., said that in the face of the current economic situation at home and abroad and the current situation of the development of the automobile industry, The government work report made by Li Keqiang is clear, points out the direction and clarifies the train of thought for China's economy, especially for the automobile industry. The next issue for Chinese automobile practitioners will be to quickly seize the opportunity of the transformation and upgrading of the automobile industry and speed up the establishment of a scientific, complete and powerful new energy automobile industry chain. Xu Liuping believes that in the face of the situation that oil resources are highly dependent on outsourcing, the development of new energy vehicles is undoubtedly the only way for China.

For the Chinese automobile market in 2019, Dong Dajian, deputy director of the Information and Software Services Department of the Ministry of Industry and Information Technology, predicted that the environment affecting the automobile industry and automobile development in 2019 is generally positive. Driven by the steady improvement of the quality of national economic development, the upgrading of emission standards, the implementation of the points system for new energy passenger vehicles, and the rapid development of intelligent Internet vehicles, China's automobile industry will make more progress in the development of high quality. The automobile market as a whole is expected to remain basically stable. In the long run, there is still some room for growth in the auto market.

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