The inflow of e-commerce capital into the used car market to be regulated

According to CAAM's forecast, the domestic used-car trade volume will reach 10 million units in 2015, and the expected growth rate is 65%. This figure will be much higher than the increase in the trading volume of new cars. The rising second-hand car market is attracting keen sense capital from all parties. They are trying to use their own capital strength to activate the potential “blowout” market for used cars. For the used car market, the current imperfect system of integrity and tax system reform has not yet been promoted and will continue to be an important factor constraining the development of the used car market. China's current second-hand car transaction only a relevant specification - "second-hand car appraisal and assessment of technical specifications" on June 1 last year by the AQSIQ, the National Standards Commission issued. It has been implemented for eight months and has been referred to in practice as "symbolic meaning is greater than practical significance."
New car market waiting for the used car
Statistics from the China Automobile Association show that the number of used car transactions in 2014 reached 6.05 million. In terms of regional markets, the top three provinces and cities for trading volume are Guangdong, Sichuan, and Beijing. Among them, the renewal of vehicles and the upgrading of consumption have become an important driving force for cities such as Beijing that impose restrictions on purchase of new cars. Statistics from the Beijing Beichen Asian Games Village automobile trading market show that in 2014, the ratio of vehicles on board was 71%.
However, the flow of new used cars is now being constrained by more and more "three-restricted" (limited purchase, limited line, limited-relocation policy) cities. According to incomplete statistics, at present, there are about 110 cities above prefecture level in China who are not allowed to “distribution” vehicles of the National IV emission standards, and these cities cover almost all domestic provinces (municipalities). “Environmental pressure is increasing. It may not be easy for local cities to liberalize the control of used cars,” said a used car dealer. “More and more restrictive policies have indeed affected the development of the used car industry. However, from a development point of view, the accumulation of stock cars in the automotive market is an indisputable fact. The solution lies in the healthy use of the used car market. Orderly development, this is the reason why used cars exceed the sales volume of new cars in mature markets in Europe and America."
It is understood that since the “Second-hand Vehicle Appraisal and Evaluation Technical Specification” was formally implemented on June 1, 2014, the transparent and standardized operation of the used-car industry is continuously advancing. However, the relevant management policies in the used car sector still have room to continue to improve, mainly focusing on the temporary property rights registration and tax pressures on used cars. Industry professionals have been calling for this for a long time, but the current policy is not clear. Experts believe that to further regulate and promote the development of the used car market, it is necessary to establish a national standard for the assessment and assessment of used cars and an interim property registration system, and to adjust the collection of value-added tax for used car transactions. "The collection of value-added tax for used vehicles involves the entry and exit of vehicle transactions. In the course of the transaction, it will involve the issue of temporary property rights. It will involve the administrative departments of industry and commerce, finance, and transportation, and comprehensively promote the reform of the taxation system for used cars. Worth looking forward.
Capital favors second-hand car supplier
Compared with the eagerness of second-hand car market operators to constantly look forward to the introduction of new policies, the enthusiasm of various capitals in this field is even higher, especially for the subdivision of second-hand car e-commerce. A few days ago, Che Yipai took D round of financing, the cumulative amount of financing has reached 185 million US dollars. In the second-hand car electricity supplier market, "online release", "online auction" and other methods are more common. Among them, car easy shots, excellent letter shoots, new used cars, safe cars, and big search cars are all in this way. . This approach is to provide a trading platform for the website. Car owners or dealers put their cars on online auctions, bidders or used car dealers, among which there are also individual consumers. The introduction of the e-commerce model in the used car industry is just the beginning. There is no doubt that the e-commerce model will promote the increase in trading volume of used cars, but it will take time to usher in the development of the market.
Experts frankly stated that the Internetization of automobiles and automobile services has developed rapidly, but it is very difficult to completely subvert the tradition. “To buy a car is still a big commodity for users, it still needs to go down to the line, so online and offline are complementary”. The future will be accompanied by the transparency of personal credit systems and vehicle information, including the release of vehicle insurance information by some insurance companies. The trading volume of used cars may be expected to grow rapidly. For example, the current transfer rate of a car is 2 to 3 times, which may increase to 4 to 5 times, as it is in foreign countries. This is an important condition for the rapid increase in the trading volume of used cars.
"The potential of the scale of the used car market should be around trillions of yuan." The relevant person in charge of the China Automobile Association said that according to statistics, the volume of used car trade in the country had reached 8.1 million in 2013. The association expects that China's used car market can reach 10 million by 2015, and it is expected to reach 20 million by 2020. However, an embarrassing reality is that this huge market has never been supervised with a well-established mandatory norm. On June 1 last year, the "Code" issued by the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) and the National Standards Committee once attracted public attention. However, many industry insiders believe that the "norms" are practically limited due to the lack of enforcement. Insiders pointed out that "the contents of the "Code" is indeed conducive to the healthy and orderly development of the used car market, but from a practical perspective, because the "norm" is just a reference implementation of standards, not the national mandatory standards, the " The symbolic meaning that the Code can play is much greater than its practical significance."
In response, the relevant person in charge of the Department of Market Construction of the Ministry of Commerce stated that in order to promote the construction of used vehicle circulation systems and end-of-life vehicle recycling systems, the Ministry of Commerce will focus on strengthening legislation and standards work, researching and improving industry development policies, and promoting industrial transformation and upgrading. Supervision of four major industries. The person in charge said that the circulation of used cars and the recovery and dismantling of scrapped automobiles involve environmental protection, energy conservation, and the development of recycling economy, which is an important part of promoting green circulation and recycling.

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