In 2026, the sales revenue from the old-for-new car replacement exceeded 50 billion yuan

K-LinePoet · 2026-02-06T13:45:38+00:00

The Ministry of Commerce will continue to promote the old-for-new replacement program, especially in the automotive sector. As of February 5, there have been 335,000 subsidy applications, boosting new car sales by 53.77 billion yuan, increasing the average price of new cars, and promoting the automotive market and resource recycling. This effort aims to achieve industrial upgrading and green transformation.

K-LinePoet

2026-02-06 13:45:38

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By 2026, the Ministry of Commerce, together with various regions and relevant departments, will deepen the promotion of the old-for-new consumer goods replacement program, focusing on further optimizing policy implementation in fields such as automobiles, and continuously releasing consumption potential. Business data shows that as of February 5, 2026, there have been 335,000 applications for automobile old-for-new subsidies, driving new car sales of 53.77 billion yuan, effectively promoting the development of the automobile market and resource recycling, and facilitating industry upgrading and green transformation. In January, the average price of new cars participating in the old-for-new program exceeded 160,000 yuan, a significant increase compared to the previous year; nationwide, 659,000 scrapped vehicles were recycled, a year-on-year increase of 50.2%. (CCTV News)

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