Since July, the import tariff on auto vehicles has dropped to 15%.

The boots for the tariff reduction of the car finally landed. The Customs Tariff Commission of the State Council issued an announcement on the 22nd, starting from July 1, 2018, to reduce import tariffs on complete vehicles and parts. The tax rate of 135 tax numbers with a vehicle tax rate of 25% and 4 tax numbers with a tax rate of 20% is reduced to 15%, and the auto parts tax rates are 8%, 10%, 15%, 20%, and 25, respectively. The tax rate for a total of 79 tax codes fell to 6%.

This reduction of automobile import tariffs is precisely the implementation of the corresponding reduction in automobile import tariffs announced by the Boao Forum in the recent Boao Forum and the corresponding deployment in the government work report this year. The industry generally believes that the scope of this tax reduction is not small. According to the Customs Tariff Commission of the State Council, China's automobile vehicles have a total of 178 tax numbers. The average MFN tax rate has dropped from 21.5% to 13.8%. Among them, the 135 tax rates for the 25% tax rate have reduced the tax rate by 40%. In addition, the MFN average tax rate for auto parts for 97 tax categories fell from 10.2% to 6% of the MFN rate for all parts. After the tax reduction, China's automobile import tariff rate is between 3% and 15%, which is lower than the average of the developing countries.

Regarding whether the tariff reduction that consumers are most concerned about can lead to a decline in the price of imported automobiles, the above-mentioned person in charge pointed out that the price of automobiles is determined by many factors, and import tariffs are only one of the factors. From the perspective of the price of the car, the market-guided price determined by the manufacturer largely determines the final selling price of the car. There is a certain relationship between the tariff and the market-guided price of the manufacturer. Lowering the tariff is a factor of price reduction, but whether the car is reduced in price and the price is reduced. How much is market behavior.

The industry pointed out that the taxes and fees of imported cars mainly consist of three parts: tariff, consumption tax and value-added tax. The consumption tax is determined according to the exhaust volume of imported cars. The higher the exhaust gas consumption, the higher the automobile consumption tax. Compared with the original high price, lowering the tariff can effectively reduce the price of a part of the imported car.

Jia Xinguang, a senior expert in the automotive industry and executive director of the China Automobile Dealers Association, said that the tariff reduction was expected to be relatively large in the previous period. It can be said that it is a big step in the tariff of automobiles. The impact on the high-end imported car market will be more obvious, and this effect has already appeared before, and many models in the high-end import market have dropped by 10,000 to 20,000 yuan.

On the other hand, the current number of imported cars is more than 1 million per year. Compared with the total domestic automobile sales market of 30 million vehicles per year, the ratio is relatively small and will not have a major impact on the current overall automobile market. Moreover, imported cars and domestic models are complementary. Most multinational companies will not import them as long as they are produced domestically. Imported models will not be produced domestically and will not directly affect domestic automobile products.

Su Hui, executive vice president of the China Automotive Circulation Association's tangible market branch, said that the biggest impact of the tariff reduction is the luxury car market, because the value of the luxury car itself is very high. If it falls by 10%, it will affect the price and cost. Very big. The impact on mid-range and economy cars is relatively small. At the same time, a focus of this policy adjustment is actually the decline in the tax rate of parts and components. Because the reduction of the component tax rate is classified, this has a greater impact on the price of imported car parts. Because the post-maintenance maintenance costs and zero ratio of imported high-end models have been high, this tax rate reduction will have a relatively large impact and change on the price of maintenance services for high-end imported cars.

Industry experts said that the tariff cuts will help increase market competition and help auto consumption upgrades. The downward adjustment of automobile tariffs will lead to an increase in passenger flow into the store and promote sales. The reduction of automobile tariffs will be the most powerful support for the strong luxury car market this year. At the same time, some experts said that the reduction of automobile tariffs only brings space for the auto companies to reduce costs. In the end, whether the price of the sales terminal will fall will depend on the response of the auto companies to this policy.

However, from the current reaction of auto companies, the results are still very optimistic. After the policy was released, Volvo, Porsche, BMW, Audi and other imported luxury brands have said that this policy will benefit consumers and help to further enhance the market vitality. It will evaluate and adjust the current price system to retail prices. Make adjustments to serve consumers at a more optimal price.

Experts said that the openness of China's auto market has been deepening recently, including the reduction of manufacturing value-added tax, the release of joint-venture car-share ratios, and the sharp downward adjustment of tariffs, which are constantly bringing benefits to consumers. The policy stacking effect is also expanding. With the tariff cuts on imported cars, the price of luxury brand models will further decline, which will make the market competition more intense. With the reduction of import tariffs, the localization process of some models of foreign luxury car companies may be delayed. China's automobile production and consumption market will open a new era of competition.

Xiang Xingchu, the general manager of Jianghuai Automobile, told reporters that the tariffs will be greatly reduced. Multinational companies will measure the price/performance ratio. It is more cost-effective to choose whether to sell in China or from other countries. These companies are sure to seek lower costs and higher returns to enhance brand influence. With the changes in import tariffs and future loosening of stock ratio restrictions, it is expected that the knockout of the auto industry will intensify, and mergers and acquisitions will become more intense. This is a pain that will occur in a short period of time. "The reform and opening up of the automobile industry is the trend of the times. In the context of the domestic and foreign competition in the automobile industry, the advantages of complementing, integrating and utilizing the value chain resources must be strengthened. Whether it is internal or external, innovation is required. Looking for a win-win path in open cooperation."

Tu Xinquan, president of the China WTO Research Institute of the University of International Business and Economics, pointed out to the reporter of the Economic Information Daily that we hope to promote the development of China's automobile industry and local enterprises through the opening of foreign capital. From the current point of view, we have achieved good results. The maturity of the market and the competitiveness of domestic enterprises have greatly improved. China's traditional automobile industry is very mature, and new energy vehicles are also quite competitive. Chinese companies should have the confidence and ability to conduct fair trade with foreign companies. competition.

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