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Ningbo Trade-in market booms

It has been nearly three months since Ningbo issued the Action Plan for Promoting the Trade in of Consumer Goods and the Implementation Rules for Supporting Incentive Policies. During this period, relevant national policies have been upgraded, with a maximum

subsidy standard of 20000 yuan for car trade ins, and a subsidy of 20% of the sales price of products with level 1 energy efficiency or water efficiency standards.

What changes have occurred in the consumer market in Ningbo regarding this?

At the Ningbo High-tech Tesla Center, consumers are seeing cars and inquiring. “There is an old gasoline car idle at home. I heard that the subsidy for trade in has doubled now. So I came to take a look.” Consumer Zhang Jian was quickly attracted to a car recommended by a salesperson.

It is reported that all Tesla models on sale can enjoy the national trade in policy. According to the person in charge of Tesla's Ningbo store, not only the Ningbo High-tech Tesla Center, but also the national government significantly increased car subsidies at the end of July, resulting in a significant increase in customer traffic at all major stores in Ningbo compared to the previous month. Customers who only inquired about trade in car purchases increased by more than 20%. 'Trade in', 'scrap', 'five-year interest free' are hot topics between salespeople and consumers.

In the NIO Space store in Intime City, eastern Ningbo, a salesperson is busy live streaming: "All models of cars sold in the store can enjoy brand discounts and national trade in subsidies at the same time..." In the live streaming room, the message refreshing has suddenly accelerated. Yang Jie, the Public Affairs Director of NIO Zhejiang, introduced that due to the doubling of the subsidy for car trade in, more and more consumers plan to replace their cars as soon as possible. The preferential policies of 'real gold and silver' have been translated into tangible orders. Since August, the customer traffic and order volume of NIO's Ningbo stores have increased by 30% month on month.

In Ningbo, a 15-year-old refrigerator can be quickly replaced with the latest smart refrigerator within 24 hours; If you scrap old cars and purchase new energy vehicles, you can enjoy store discount policies, and also receive a maximum subsidy of 20000 yuan; there are also services like "Dabashou Recycle" and "door-to-door recycling" services, online appointment and offline recycling to help with old household appliances and large furniture recycle. The efficiency, intensity, and warmth of trade-in continuously consolidate the foundation for the comprehensive recovery of the consumer market in Ningbo.

According to statistics from the Municipal Bureau of Commerce, from the end of May this year to yesterday, the subsidy amount for home appliance consumption in Ningbo was nearly 10 million yuan, driving home appliance consumption to over 300 million yuan. At the same time, the Ningbo Consumer Goods Trade in Service Center has accepted approximately 9200 compliant applications for car trade in, with the first two batches of subsidy applications exceeding 3 million yuan

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