www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Auto Policy

China's vehicle-purchase tax cut to benefit buyers, automakers: Moody's

(Xinhua) Updated: 2015-10-09 14:04

China's vehicle-purchase tax cut to benefit buyers, automakers: Moody's

The 2015 Chengdu Motor show opens in the capital city of Sichuan province on Sept 5. With the launch of 71 new vehicles by 106 companies, it is the largest auto show in western China. [Photo/CFP]

BEIJING - China's vehicle-purchase tax cut for passenger vehicles can benefit both buyers and automakers, said rating agency Moody's in its latest Credit Outlook.

The government halved the vehicle-purchase tax to 5 percent for passenger vehicles with engines that are 1.6 liters or smaller. The tax cut will be in effect from October 1, 2015 to December 31, 2016.

The tax cut followed weak year-to-date automotive sales in China, with sales in the first eight months flat from a year earlier, versus 6.8 percent growth in 2014, according to the China Association of Automobile Manufacturers.

Passenger vehicles accounted for 85 percent of total sales, and 68 percent were equipped with engines that were 1.6 liters or smaller.

Buyers pay the vehicle-purchase tax, which is applied to vehicle prices before the 17 percent value-added tax. The tax cut reduces the purchase price for qualifying vehicles by lowering one-off tax expenses.

Moody's expects the tax cut to be attractive to price-sensitive buyers and said that the limited duration of the tax cut will entice buyers to move up their purchases.

The government implemented a similar tax cut, lowering it from 10 to 5 percent, between January 20, 2009 and December 31, 2009. It later extended the tax-relief period to the end of 2010, but raised the rate to 7.5 percent.

The 2009 tax cut stimulated auto sales growth to 45.5 percent year on year in 2009 and 32.5 percent year on year in 2010, up from 6.6-percent year-on-year growth in 2008, according to the China Association of Automobile Manufacturers.

Moody's expects auto sales growth to also accelerate this time, albeit to a lesser degree, given China's higher auto penetration rate now versus in 2009 and 2010.

Automakers with higher exposure to qualifying vehicles as a percentage of total sales and a focus on price-sensitive consumers will benefit most. Of the two Chinese automakers that Moody's rates, Geely Automobile Holdings Limited will likely benefit more than Beijing Automotive Group Co Ltd, as Geely's key models have smaller engines and lower sales prices.

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美14videosex性欧美成人 | 老司机深夜影院入口aaaa | 91av手机在线| 萌白酱福利视频在线网站 | 久久国产精品成人免费 | 国产成人ay手机在线观看 | 一级a毛片免费 | 97影院理伦在线观看 | 中国老妇另类xxxx | 一级毛片无毒不卡直接观看 | 老王午夜69精品影院 | 最新黄网 | 欧美日韩一区二区视频免费看 | 亚洲在线播放视频 | 亚洲精品456在线播放无广告 | 国产成人性色视频 | 久草在在线视频 | 视频亚洲一区 | 欧美成人视屏 | 国产成人免费高清视频 | 国产亚洲精品一区二区久久 | 中文字幕一二三区 | 欧美成人精品福利在线视频 | 国产成人免费 | 国产精品免费大片 | 亚洲免费色 | 在线国产欧美 | 男人天堂网在线观看 | 国产欧美视频综合二区 | 国产午夜免费不卡精品理论片 | 一级毛片美国一级j毛片不卡 | 欧美人成毛片在线播放 | 国产成人亚洲合集青青草原精品 | 欧美视频久久久 | 国产亚洲精品片a77777 | 亚州黄色网址 | 亚洲日韩精品欧美一区二区一 | 性色午夜视频免费男人的天堂 | 成年人黄色免费网站 | 久久色视频在线观看 | 欧美一区二区精品系列在线观看 |