·Imported car zero tariff in July? Price decline but not related to tax exemption

Hualong.com-Chongqing Morning News reported on July 1 that it started to import zero tariffs in July?
It’s everyone’s misunderstanding of the policy. The price of imported cars has fallen but it has nothing to do with tax exemption. “You may wish to buy imported cars and wait for it. I heard that imported cars can be exempted from tariffs in July.” Recently, similar rumors have frequently appeared in circle of friends, and It is said that in July this year, China will end the 15-year protection period set by the WTO. Most of the commodities will be further lowered according to the WTO regulations, and the tariffs on imported cars will be “zero”.
Imported cars really have to enter the "zero tariff" era? The Chongqing Morning Post reporter verified this result, and the result was inevitably disappointing. The reason for this misjudgment was the misunderstanding of some consumers by relevant policies.
Chongqing Morning News reporter Wen Wei reported that the official explanation broke the tax-free rumor. According to the official statement: Since China joined the WTO in 2001, the tariffs on automobiles, parts and other products have been adjusted seven times. Since July 1, 2006, the import duty rate for cars, off-road vehicles and minibuses has been reduced from 28% to 25%. The import duty rate for auto parts such as body, chassis and low- and medium-displacement gasoline engines is 13.8%. 16.4% fell to 10%.
According to the relevant provisions of the Protocol of the People's Republic of China on WTO Accession, the final bound rate of motor vehicles in China is 25%, and the final bound rate of motor vehicle parts and accessories is only 10%. That is to say, starting from July 1, 2006, China has fully fulfilled its tax reduction commitments for automobiles and their parts and components. The tariff rate for imported vehicles is now in compliance with WTO requirements.
The implementation of “zero tariff” on automobile imports since July this year is a misunderstanding of some consumers by the policy, and the wrong guidance of some online media has amplified their expectations to some extent.
Some car dealers use this as a marketing gimmick. In fact, the rumors that “China’s imported cars will implement zero tariffs in 2015” are not new. As early as 2012, it has been popular on major auto websites for a while, but now it’s just a matter of old things. .
In addition to misunderstanding of policies, there are also some car dealers who use it as a promotional gimmick. In the Baidu search, the reporter entered the keywords such as “imported car zero tariff”, and most of the jumped out were the promotion information of the car dealers. Inquiring about an imported car dealer in the local area, he admits that the current promotion of the "duty-free" banner, in fact, the discount has long existed, but the change of the vest is more eye-catching, the extent has not increased.
Imported car price reduction and tax-free irrelevant reporters recently visited Cadillac, Lexus, Infiniti and many other imported car dealers, found that although "zero tariff" has proved to be a misunderstanding, but the price of imported car market is weak, but this is the main fact. It is caused by increased market competition.
Statistics show that since April this year, the import volume of the three major models of cars, SUVs and MPVs has declined, while the dealers’ stocks have been high all the way, and they have jointly forced the price defense of imported cars to fall.
"This year, the manufacturer adjusted the guide price. Taking the Cadillac SRX as an example, the manufacturer's guide price was lowered by 30,000 yuan, and the terminal discount was basically maintained at 30,000 yuan. The total discount reached about 60,000 yuan." Chongqing Meikai Store Marketing manager Chen Liang told reporters. He further analyzed that the auto market immediately entered the traditional off-season, and car dealers only increased the incentives to attract customers. It is expected that with the recovery of market demand in September, the preferential strength may shrink. The implication is that now is a good time to shoot.

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