The car down payment ratio and loan interest rate will be reduced and the whole vehicle market will be back in the wind.

The General Office of the Ministry of Commerce issued guidelines on promoting automobile consumption in the commercial field. The guidelines require the enrichment of automobile consumer financial services. Actively coordinate financial institutions to increase support for automobile personal consumption credit, appropriately reduce the down payment ratio and loan interest rate, extend the repayment period, further optimize the allocation of resources and business layout, and increase the effective supply of auto financial services in rural areas; provide characteristic financial services for automobile inventory financing and supply chain finance to better meet diversified needs.

Ye Shengji, chief engineer and deputy secretary-general of the China Automobile Association, previously said that the trend of the automobile market in 2021 is closely related to economic stability and the sinking of the domestic demand market. If the small and medium-sized cities and the vast number of township markets can make further breakthroughs, the automobile market this year should be very optimistic.

Among the listed companies, Great Wall Motor owns four vehicle brands: Harvard, WEY, Euler and Great Wall pickup, covering three categories of SUV, cars and pickups; BYD automobile industry is distributed in seven industrial parks in Pingshan, Xi'an, Beijing, Shanghai, Huizhou, Changsha and Shaoguan in Shenzhen, forming a complete industrial chain combination of R & D and design, mold manufacturing, vehicle production, sales and services.