January-August Automobile Trade-in Replacement Subsidy for Commercial Vehicles, 47%

According to the Ministry of Industry and Information Technology, from January to August of 2010, a total of 210,000 vehicles were subsidized by the trade-for-trade in the country, and the average monthly subsidy vehicle was approximately 6.9 times of the average monthly subsidy of vehicles in 2009, and subsidy funds of 2.955 billion yuan were used to drive new car consumption. 100 million yuan. In August, a total of 24,000 subsidized vehicles were traded for cars in the country, an increase of 82% over July, and a subsidy of 340 million yuan.

From the model perspective, the number of cars with the oldest trade subsidies accounted for the highest proportion, followed by large and medium-sized passenger cars and light trucks. From January to August, nearly 90,000 vehicles were subsidized nationwide, accounting for approximately 42% of the total number of subsidized vehicles. Medium-sized passenger cars and light-duty trucks accounted for 30% and 17% of the total subsidy respectively.