The 2025 automobile "two new" policies are introduced, and the industry is optimistic about the prospects of the automobile market

The 2025 automobile "two new" (scrap renewal and replacement renewal) policy has been introduced, and the strength has greatly exceeded market expectations. The industry believes that the auto market will once again usher in a peak of policy support in 2025. In 2024, my country's passenger car sales will be 27.563 million, a year-on-year increase of 5.8%. Many institutions have estimated that the policy has driven domestic passenger car sales to between 2 million and 2.5 million vehicles, playing a decisive role in the growth of the domestic passenger car market.