China Steps Up Cash For Clunkers

china steps up cash for clunkers

As countries in Europe wind down their cash for clunkers programs, China is increasing the bounty on old cars. China’s Ministry of Commerce said that qualified car owners who trade in outdated or “highly polluted” vehicles will receive a subsidy between US$733 and $2635 this year, up from last year’s maximum $878, reports Shanghai Daily.



According to the paper, gasoline-powered cars that fail to meet China’s first generation emission standard (comparable to Euro I,) and diesel vehicles that do not meet the third generation emission standard (comparable to Euro III) count as “highly polluted vehicles.” Cars that do not meet Euro 4 are already banned from big cities such as Beijing or Shanghai.

Last year, China halved the tax on cars with an engine displacement of 1.6 liters or below to 5 percent. As a result, small cars were the driving force behind China’s impressive vehicle sales. For the first 11 months of last year, vehicle sales in China accelerated 42 percent to 12.23m units. China is expected to close out the year with well over 13m units sold. Starting in January 2010, the tax increases to 7.5 percent.

China is targeting to sell more than 15m vehicles in 2010. According to a survey of 21 analysts compiled by Reuters, the U.S.A. is expected to come in anywhere between 10.4m to 11.4m vehicles for 2009. J.D. Power and Associates expects 11.5m vehicles to be sold in the U.S.A. in 2010.

Due to the relatively young fleet in China, the impact of the cash for clunkers program on sales is expected to be small. Banning the heavy polluters from Beijing’s streets, along with other measures, improved air quality considerably.

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  • Mpresley Mpresley on Jan 03, 2010

    I'm not sure where the crud is coming from. I remember traveling from Shenzhen to Guangzhou by Toyota Crown (they like fancy, gaudy, gadget laden cars, you know). It was in the afternoon, about 2PM, and you could stare straight into the sun--looked like a bright moon. The atmosphere was a strange brownish-yellow. Cars everywhere, but at the same time there was so much construction going on that I'm guessing much of the gunk was dirt (red clayish in color-consistancy) that had been displaced and whipped out into the stratosphere. Weird. All the men smoked since the air was so bad anyway.

  • Bryan Raab Davis I briefly dated an Australian fellow who was mad for Aspires; one of his better characteristics, if I’m honest.
  • ToolGuy Check out Ferrari's market cap:https://companiesmarketcap.com/automakers/largest-automakers-by-market-cap/
  • ToolGuy • Not sure who you get when you call the "Company phone" number listed on the recall report, but confident that it ISN'T Ferrari (someone either screwed up or made a conscious exception; recall might need a recall; where is my excellence in government that all of you are funding?).• 99% of them are fine.• On later models, additionally, a message will also appear on the vehicle’s dashboard that reads as follows: “Brake fluid level low, Go to dealer slowly”. That right there is classic.• Anyway, this is what happens when you build to a price point... (ba dum tsh!)
  • Art Vandelay And what a giant pile of sh!t ths new format is. Great job guys, way to run off the last of the die hards.
  • Theflyersfan If you ever want a review on a 2022 Mazda MX-5 GT RF, I'll be more than happy to type up a few thousand words and add in some great pictures in front of Churchill Downs for y'all!In a nutshell, I agree with this review. I didn't have a chance to try the Recaro seats because the only test drive available was with another GT that someone backed out in buying so it was being used as a demo. But from what I was told, if you're larger than a 38 waist or taller than 5'10", it gets tight. But with the standard seats, and I'm 5'10" and maybe 20 pounds from the 38 waist, I fit fine. Now getting in and out with the roof up after shoulder surgery (especially leaving the surgery center with most of the right arm under a nerve block) is the total opposite of graceful!!! The look on the nurse's face when the MX-5 pulled up and I'm partially wrapped up like a mummy was priceless.I've had mine since the middle of April and have already put 6,700 miles on it, including round trips from Louisville to Chicago and the Philadelphia suburbs. Averaged 38-39 mpg at a steady 75 mph, and it wasn't a torture chamber. The metal top helped a lot. The standard seats are a bit thin on padding, and there was a bit of squirming by around hour 8 on the Philly drive, but it's possible. But even though this design was released in 2015, I still get compliments from total strangers at stoplights, carwashes, gas stations, restaurants, etc. The Soul Red Metallic paint just makes the car pop. I wish it was available with the Terra Cotta leather (the gray above is available with it), and that it didn't have the standard all in black, because it gets thermonuclear in there with the top down and the sun beating on you, but a minor quibble. But it's just fun. Pure driving fun. The best stick shift in any car today. Solid brakes, excellent handling, a sane amount of power to where you aren't going to get into anything reckless and stupid. After a 12+ hour day at work, there's nothing better than dropping the top and driving the 20 minutes home with the better than I thought it would be Bose stereo playing Moby into my ears through the headrest speakers. Mazda has already announced there will be an NE model so I can't wait for that. It'll be interesting how they will keep the weight down with the expected changes to eke more MPG out of what is already an efficient car.
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