New special consumption tax law are the direct impact caused the average value of each vehicle a vehicle imports decline.
According to the report of the General Department of statistics, the value of import cars in 8 month estimated 1.592 billion, corresponding to about 71,000. Compared with the same period last year, the total import turnover in the raw, 8 auto 2016 rising 5.8% and 16.8% decrease volume value.
In August 2016, automobile import volume estimates on water reaches 10,000, 1,000 relief planes compared with previous months. Meanwhile, value turnover have stronger momentum, from 208 million level was reached in July to 176 million.
If only the comparison of 4 consecutive months recently have yet to be confirmed are the trend of the market of cars imported through statistics about turnover. However, the numbers also are expressing the 2 directions quite markedly between the quantity and the value.
For example, the import turnover in June 2016 only 9,000 the volume while value reached 248 million. To in July, the volume of imported vehicles increased to 11,000 level the value turnover only reached 208 million.
This trend is said to bear the image of direct flavors by new special consumption tax law with the strong increase in tax rates apply to vehicles with the engine cylinder capacity is big, mainly high-value vehicles, while keeping tax rates steady for airport capacity cylinder small engine mainly low value.
Single election, the average value of an imported vehicle in June, immediately before the time of the new tax law takes effect, at more than $ 27,500. Meanwhile, the average value of an imported vehicle on water in July, news from the time of the new tax law takes effect, was quickly reduced to over 18,900 USD. The value of each vehicle imports in August also continue to fell an average of US $ 17,600.
|Import turnover in the recent four months of raw auto|
|Quantity (PCs)||Value (USD)|
|August 2016 (estimate)||10,000||176,000,000|
|Source: General Bureau of statistics|