According to China’s commitment to China’s accession to the WTO, the tariff on cars under 3.0 liters dropped from 38.2% to 34.2%, a drop of 4 percentage points; and the tariff on cars with 3.0 liters or more dropped from 43% to 37.6%, a decrease of 5.4. percentage point. However, many senior industry professionals believe that the reduction in tariffs will not cause the price of imported cars to be adjusted downwards after New Year's Day. On the contrary, the prices of some models may also increase. Many factors have contributed to the increase in the price of the car. After the tax reduction, the price of the car will not be adjusted downwards as much as it was last year, but rather it will rise. A dealer analysis, the main factors are the following: Some time ago, an important reason for the rapid decline in the price of imported vehicles is that dealers must speed up the return of funds at the end of the year in order to repay bank loans. Therefore, many dealers sell cars at a loss or without making money. However, with the arrival of the new year, the task of returning funds has been completed, and dealers have no reason to lose their cars at a loss. At present, the exchange rate between the yen and the euro is relatively high, and dealers are no longer in a hurry to declare customs when licenses can be extended. Moreover, new orders have also arrived at the customs, and sources of supply are not a problem. According to past practice, the possibility of the release of consumer purchasing power from the New Year's Day to the Spring Festival is the greatest. Therefore, the demand is not a problem. Neither the yen exchange rate nor the euro exchange rate can be significantly reduced in the near future. Taking these factors into account, the dealer believes that some imported cars will have a possibility of rising after New Year's Day. Of course, he also believes that tax reduction factors need to be considered. However, in general, the size of the tax reduction factor has different effects on different models. The impact on small-displacement cars is small, and the impact on high-emission cars is large. The impact of tax reductions varies by model. The dealer provided reporters with a list of costs before and after tax reduction. The table shows that, under the current exchange rate conditions, the total tax reduction for cars under 3.0 liters is less than 10,000 yuan, while the tax reduction rate for cars with 3.0 liters or more is relatively large. 1.5 to 2.2 displacement cars, taking the wind 2.0 as an example, the current price is 165,000 yuan, the current tariff rate is 38.2%, and the combined tax rate after business tax and consumption tax is 70.20%, and the tax price is 115.8 thousand yuan. After the tax reduction, the tariff rate was 34.20%, the comprehensive tax rate was 65.28%, the tax price was 107,700 yuan, and the tax reduction rate was 0.81 million yuan. For cars with 2.2-2.5 liters displacement, the new Jiamei 2.4 was taken as an example. The rate is 0.87 million yuan; 2.5 to 3.0 liters of displacement cars, taking the wind 3.0 as an example, the tax reduction rate of 0.96 million. For cars above 3.0, the tax cuts are relatively large. Taking Lexus 430 as an example, the current price under the exchange rate condition is 477,000 yuan, and the current tariff rate is 43%. The combined tax rate after business tax and consumption tax is 81.86% and the tax price is 390,500 yuan. After the tax reduction, the tariff rate is 37.60%, the comprehensive tax rate is 75%, the tax price is 357,800 yuan, and the tax reduction rate is 32,700 yuan. From the tax reduction rate of cars with different displacements after tax reduction, it can be seen that the decline of small-displacement cars is not large, and the decline of high-emission cars is relatively large. However, the current market price of imported cars has already reflected the tax reduction factors, so the effect of tax reduction on prices is not significant. On the contrary, due to the aforementioned factors, the price of low-emission imported cars will increase, and the price of high-displacement imported cars may maintain the status quo in the short-term.
According to China's WTO accession pledge
According to China’s commitment to China’s accession to the WTO, the tariff on cars under 3.0 liters dropped from 38.2% to 34.2%, a drop of 4 percentage points; and the tariff on cars with 3.0 liters or more dropped from 43% to 37.6%, a decrease of 5.4. percentage point. However, many senior industry professionals believe that the reduction in tariffs will not cause the price of imported cars to be adjusted downwards after New Year's Day. On the contrary, the prices of some models may also increase. Many factors have contributed to the increase in the price of the car. After the tax reduction, the price of the car will not be adjusted downwards as much as it was last year, but rather it will rise. A dealer analysis, the main factors are the following: Some time ago, an important reason for the rapid decline in the price of imported vehicles is that dealers must speed up the return of funds at the end of the year in order to repay bank loans. Therefore, many dealers sell cars at a loss or without making money. However, with the arrival of the new year, the task of returning funds has been completed, and dealers have no reason to lose their cars at a loss. At present, the exchange rate between the yen and the euro is relatively high, and dealers are no longer in a hurry to declare customs when licenses can be extended. Moreover, new orders have also arrived at the customs, and sources of supply are not a problem. According to past practice, the possibility of the release of consumer purchasing power from the New Year's Day to the Spring Festival is the greatest. Therefore, the demand is not a problem. Neither the yen exchange rate nor the euro exchange rate can be significantly reduced in the near future. Taking these factors into account, the dealer believes that some imported cars will have a possibility of rising after New Year's Day. Of course, he also believes that tax reduction factors need to be considered. However, in general, the size of the tax reduction factor has different effects on different models. The impact on small-displacement cars is small, and the impact on high-emission cars is large. The impact of tax reductions varies by model. The dealer provided reporters with a list of costs before and after tax reduction. The table shows that, under the current exchange rate conditions, the total tax reduction for cars under 3.0 liters is less than 10,000 yuan, while the tax reduction rate for cars with 3.0 liters or more is relatively large. 1.5 to 2.2 displacement cars, taking the wind 2.0 as an example, the current price is 165,000 yuan, the current tariff rate is 38.2%, and the combined tax rate after business tax and consumption tax is 70.20%, and the tax price is 115.8 thousand yuan. After the tax reduction, the tariff rate was 34.20%, the comprehensive tax rate was 65.28%, the tax price was 107,700 yuan, and the tax reduction rate was 0.81 million yuan. For cars with 2.2-2.5 liters displacement, the new Jiamei 2.4 was taken as an example. The rate is 0.87 million yuan; 2.5 to 3.0 liters of displacement cars, taking the wind 3.0 as an example, the tax reduction rate of 0.96 million. For cars above 3.0, the tax cuts are relatively large. Taking Lexus 430 as an example, the current price under the exchange rate condition is 477,000 yuan, and the current tariff rate is 43%. The combined tax rate after business tax and consumption tax is 81.86% and the tax price is 390,500 yuan. After the tax reduction, the tariff rate is 37.60%, the comprehensive tax rate is 75%, the tax price is 357,800 yuan, and the tax reduction rate is 32,700 yuan. From the tax reduction rate of cars with different displacements after tax reduction, it can be seen that the decline of small-displacement cars is not large, and the decline of high-emission cars is relatively large. However, the current market price of imported cars has already reflected the tax reduction factors, so the effect of tax reduction on prices is not significant. On the contrary, due to the aforementioned factors, the price of low-emission imported cars will increase, and the price of high-displacement imported cars may maintain the status quo in the short-term.