Cui Dongshu, Secretary General of the Passenger Transport Federation Branch, said that policies related to automobile scrapping and renewal subsidies in 2026 have exceeded expectations and are conducive to a smooth transition of policies and promotion of consumption upgrades. Cui Dongshu said that it was previously expected that next year's policy might shrink, and the auto market may experience negative growth, but the introduction of relevant policies this time will better drive sales growth. “Judging that in 2026, the market will show a trend of low and high back, and achieve a good start to the 15th Five-Year Plan.” Cui Dongshu believes that the overall car market growth rate should be higher than zero growth next year, and January 2026 will achieve a good “good start” trend. The National Development and Reform Commission and the Ministry of Finance today issued a notice on implementing large-scale equipment renewal and consumer goods trade-in policies in 2026 to support vehicle scrapping, renewal and trade-in.

Cui Dongshu, Secretary General of the Passenger Transport Federation Branch, said that policies related to automobile scrapping and renewal subsidies in 2026 have exceeded expectations and are conducive to a smooth transition of policies and promotion of consumption upgrades. Cui Dongshu said that it was previously expected that next year's policy might shrink, and the auto market may experience negative growth, but the introduction of relevant policies this time will better drive sales growth. “Judging that in 2026, the market will show a trend of low and high back, and achieve a good start to the 15th Five-Year Plan.” Cui Dongshu believes that the overall car market growth rate should be higher than zero growth next year, and January 2026 will achieve a good “good start” trend. The National Development and Reform Commission and the Ministry of Finance today issued a notice on implementing large-scale equipment renewal and consumer goods trade-in policies in 2026 to support vehicle scrapping, renewal and trade-in.