| |
Sales Promotion Scheme |
2009
Sales Forecast |
|
|
|
|
2008
Result
Category
|
2009
Forecast
(yr/yr)
Category
|
Organization
(Date of Announcement)
Remark
|
|
Global
|
Center for Automotive Research
(CAR)
(August 2009)
CAR announced that a total amount of assistance to the automotive industry
by governments in the world reached 164.2 billion dollars in 2009.
Japanese Cabinet Office
(November 30, 2009)
"World Economic Trends," a biannual report issued by the Japanese
Cabinet Office, stated that automobile purchase incentive programs that
have been offered by governments in various countries have created demand
for at least more than 10 million new vehicles throughout the world since
the fall of 2008. The estimate is based on the data of cumulative sales
figures of new vehicles publicly accessible in each market from the end
of 2008 through October 2009 in 15 countries except India and Korea where
incentive measures are in effect.
>>
Cabinet Office release (Japanese) |
|
n.a.
|
60
mil.
|
Carlos
Ghosn, CEO of Renault and Nissan (Nov. 8, 2009)
|
| n.a. |
57
mil.
|
Chung
Tae-hwan, CFO of Hyundai Motor
(Oct. 22, 2009)
About 60 million in 2010
(+4.6% to 5.0%) |
| n.a. |
50
mil.
LV |
Matthias
Wissmann, President of the VDA (Sep. 14, 2009) |
| n.a. |
54
mil.
LV |
Colin
Dodge, Executive Vice-President of Nissan (Jul. 07, 2009)
The global demand for vehicles will not return to a level of 68 to
70 million by 2013. |
| n.a.(-9%)
|
n.a.(-13%)
|
Moody's
(May 26, 2009)
-24% in the U.S. market |
n.a.
LV |
58.6
mil.
LV |
J.D.
Power and Associates
(May 21, 2009)
Revised upward from forecast at 57.5 million in March 2009. Despite
still at a historically low level in the U.S., signs of recovery are
looming in Europe and Asia. |
|
63.95
mil.
LV
|
55
mil. (-14%)
LV
|
Carlos
Ghosn, CEO of Nissan
(Jan. 26, 2009)
It will take more than 7 years before returning to the peak of
69 mil. units in 2007.
|
|
64
mil.
Light Vehicle
|
57.5
mil. (-10%)
LV
|
GM (Jan. 15,
2009)
|
|
61.49
mil.
LV
|
53.8
mil. (-12.5%)
LV
|
CSM Worldwide
(Mar. 12, 2009)
|
|
61.7
mil.
LV
|
56.81
mil. (-8%)
LV
|
CSM
Worldwide (Jan. 12, 2009)
Year 2010: 60.78 mil. |
|
n.a.
|
n.a.(-20%)
LV
|
VW
(Jan. 12, 2009) |
|
65
mil.
|
60
mil.
(-8%)
|
Hyundai
(Dec. 31, 2008)
Global
production capacity is estimated at about 90 mil.
|
|
| Country |
Sales
Promotion Scheme |
|
|
2009
Forecast
(yr/yr)
Category
|
Organization
(Date of Announcement)
Remark
|
|
|
USA
|
Car
Allowance Rebate System (CARS)
"Cash for Clunkers"
an incentive to stimulate trade-ins for fuel efficient vehicles
President Obama and Democrats in Congress basically agreed on May 5, 2009
to include a "Cash for Clunkers" amendment in the American Clean
Energy and Security Act. Car buyers will receive a cash voucher of up to
4,500 dollars for trading in gas-guzzling passenger cars and trucks for
fuel efficient vehicles. The incentive program is an act with a limited
period of validity for one year, and is expected to encourage trade-ins
of around one million vehicles.
The "Cash for Clunkers" passed the House on June 9, 2009. Car
owners can get a voucher worth 3,500 dollars if they trade in a vehicle
in a vehicle whose original gas mileage was 18 miles per gallon or less
for a new vehicle that gets at least 22 mpg. If the mileage of the new car
is 10 mpg higher than the old vehicle, the value of the voucher will grow
to 4,500 dollars. Total subsidies will amount to 4 billion dollars. The
Congressional Budget Office forecasts the bill will help generate sales
of 625,000 vehicles.
A "Cash for Clunkers" bill, which is inserted in an emergency
war spending bill, passed the Senate on June 18, 2009. A vehicle trade-in
program will be put in place within 30 days of signature of the bill by
the president. Total amount of subsidies will be 1 billion dollars. However,
the duration of the program and the effect of generating demand for new
vehicles are likely to end up with a level of about a quarter of the original
plan.
President Obama signed into law on June 24, 2009 the supplemental budget
bill for the Fiscal Year of 2009, including a government program to encourage
replacement of an old car for a new more eco-friendly car, which is
officially called " Car Allowance Rebate System (CARS)."
A total budget for this program amounts to one billion dollars including
administrative expenses up to 50 million dollars. It will be in force for
four months from July 1 to November 1, 2009.
>> Car Allowance Rebate
System
National Highway Traffic Safety Administration (NHTSA) released the requirements
and procedures for CARS program on July 23, 2009. It is involved by 16,000
domestic dealers and funded by the federal budget amounting to about 950
million dollars. Though it will be in effect officially until November 1,
it will be scrapped when the budget is used up.
U.S. Transportation Secretary kicked off the CARS program on July 27,2009.
>>
NHTSA release
The House voted 316-109 on July 31, 2009 for an emergency measure adding
$2 billion to the CARS program, after a burst of demand exhausted most of
the initial $1 billion in less than a week.
The Senate voted 60-37 on August 6, 2009 for an emergency measure adding
$2 billion to the CARS program. The new funding will extend the program
through Labor Day.
President Barack Obama signed legislation giving $2 billion to the CARS
on August 7, 2009. The budget is funded by a 780 billion-dollar economic
stimulus package officially called "2009 Recovery and Reinvestment
Act" that was introduced last February and administered by the Department
of Energy.
The U.S. government shut down its CARS program at 8 p.m. on August 24, 2009.
Citing an overloaded computer system, the government extended the deadline
for auto dealers to 8 p.m. on August 25. The final tally on the CARS program
counted 690,114 deals submitted by dealers totaling $2.877 billion, just
under the $3 billion set aside by Congress for the plan.
Warranty Commitment Program
White House (March 30, 2009)
The U.S. government, GM and Chrysler established an accounting reserve for
providing warranty services on vehicles purchased by customers during the
restructuring period. For each vehicle sold, the automaker will contribute
15% of the projected cost in cash, and the government will provide a110%
financing, so that there will be enough funds equal to 125% of the expected
cost of paying for warranty services.
>>
MarkLines Analysis Report
Purchasing of federal fleet from Detroit 3
White House (April 9, 2009)
The General Service Administration will purchase about 17,600 cars for use
by the federal government from the Detroit 3. The government will spend
about 285 million dollars for the purchase by June 1, 2009.
GSA placed an order with Detroit 3 for 17,205 cars as replacement for
the federal fleet in June 2009. They are broken down to 6,348 for GM worth
105 million dollars, 2,933 for Chrysler worth 53 million dollars and 7,924
cars for Ford worth 129 million dollars.
>>
GSA Fleet & Automotive
Sales tax deductions for new car purchases
Department of Treasury (June 11, 2009)
For new vehicles purchased after February 16, 2009 and before January 1,
2010, sales tax deductions are available up to 49,500 dollars of the first
time purchase price of a new car. Applicable vehicles are passenger cars,
light-duty trucks, motor homes, motorcycles. The amount of the deduction
is phased out for taxpayers whose modified adjusted gross income is between
125,000 dollars and 135,000 dollars for individual filers and between 250,000
dollars and 260,000 dollars for joint filers.
>>
DOT release
|
|
13.24
mil.
LV
|
10.3
mil. (-22%)
LV
|
Center
for Automotive Research (CAR)
(Dec. 15, 2009)
12.4 mil. (+20%) in 2010 |
|
13.24
mil.
LV
|
10.3
mil. (-22%)
LV
|
Automotive
News (Dec. 7, 2009) |
|
13.24
mil.
LV
|
over
10 mil.
(-24.5%)
LV
|
GM
(Nov. 2009)
11 mil. to 12 mil. in 2010 |
|
13.24
mil.
LV
|
10.1
mil. (-23%)
LV
|
CSM
Worldwide (Oct. 21, 2009)
11.8 million in 2010 |
|
13.24
mil.
LV
|
10.5
mil. (-21%)
LV
|
Henderson
CEO of GM
(Oct. 15, 2009)
11.5 million level in 2010 |
|
13.24
mil.
LV
|
10.3
mil. (-22.2%)
LV
|
J.D.
Power and Associates
(Aug. 20, 2009) |
|
13.24
mil.
LV
|
10
mil. (-24.5%)
LV
|
A.T.Kearney(Jun.
2009)
The total sales in the U.S. will rebound to 16 million in 2012. Restrained
demand is likely to pile up to about 8.4 million vehicles by 2015.
|
|
13.24
mil.
LV
|
10
mil. (-24.5%)
LV
|
J.D.
Power and Associates
(May 21, 2009)
In addition to a downward revision by one million to 10.4 million
in March 2009, down by additional 400,000. Retail forecast has been
revised downward by 230,000 to as low as 8.3 million. On a seasonally
adjusted yearly basis, 9.13 million in February is expected to increase
to 9.3 million in May. |
|
13.24
mil.
LV
|
9.5
mil. (-28%)
LV
|
IHS
Global Insight (May 21, 2009)
Recovery pace will be still slow in 2010 to a level of 11.3 million.
|
|
13.24
mil.
LV
|
9.7
mil. (-28%)
LV
|
CSM
Worldwide (Mar. 10, 2009) |
|
13.24
mil.
LV
|
10.1
mil. (-24%)
LV
|
Chrysler
(Jan. 25, 2009) |
|
13.24
mil.
LV
|
10.5
mil. to
12.5 mil.
(-21to -8.6%)
LV
|
Ford
(Feb. 26, 2009) |
|
13.24
mil.
LV
|
12
mil. to
12.5 mil.
(-9.4 to -8.6%)
LV
|
Ford
(Jan. 24, 2009)
Breakeven
point is expected to be reached in 2011 at the latest.
|
|
13.24
mil.
LV
|
12.2
mil. (-8%)
Light Vehicle
|
Ford
(Jan. 05, 2009) |
|
13.24
mil.
LV
|
10
mil. (-24%)
LV
|
AutoNation
(Jan. 21, 2009) |
|
13.24
mil.
LV
|
9.5
mil. to 12 mil.
(-28 to -9%)
LV
|
GM
(Feb. 17, 2009) |
|
13.24
mil.
LV
|
10.5
mil. (-21%)
LV
|
GM
(Jan. 15, 2009) |
|
13.24
mil.
LV
|
11.4
mil. (-14%)
LV
|
J.D.
Power and Associates (Jan. 13, 2009)Year 2010: 13.4 mil.
Year 2011: 14.7 mil. |
|
13.24
mil.
LV
|
11.5
mil. (-13%)
LV
|
Deutsche
Bank (Jan. 13, 2009) |
|
13.40
mil.
(estimate)
LV
|
11
mil. (-18%)
LV
|
Goldman
Sachs (Nov. 28, 2008)
Year 2010: 13 mil.
|
|
Canada
|
. |
|
1.636
mil.
PC & LCV
|
1.5
mil. over (-9%)
PC & LCV
|
DesRosiers
Automotive Consultants
(Jan. 05, 2009)
|
|
Mexico
|
PRODIAT
(Cash for Clunkers Program)
Mexican President Calderon announced on July 15, 2009
At the 7th CIIAM 2009 (International Conference of the Mexican Automobile
Industry) the president announced an incentive program to encourage owners
of vehicles more than 10 years old to scrap them and purchase new cars with
a 150,000 peso subsidy.
The procedures of the vehicle trade-in incentive program were published
in the Official Gazette dated July 21 as Type C of the PRODIAT (Development
of High Technology Industries) program. Automobile makers qualified to meet
the requirements receive subsidies from the government and give customers
a discount of 15,000 pesos for each new car purchase. Total budget for subsidies
is 500 million pesos applicable to 33,333 vehicles. The system continues
to be applied to purchases in November 2009.
Vehicles that are eligible for this program are passenger cars with a maximum
seating capacity of 9 persons and cargo vehicles of GVW up to 3.2 tons.
However, vehicles imported under the tariff quota system are not eligible.
The first 250 million pesos of a total of 500 million pesos earmarked for
the subsidies are allocated to automobile makers based on their production
figures for four years from 2005 to 2008. The remaining 250 million pesos
are granted after automakers, even if one of them, have used up funds allocated
in the first installment and total sales of vehicles that are qualified
for the discount by all automakers have reached 8,000. The subsidies are
offered in the month following the month when total sales of applicable
vehicles have reached 8,000, on the basis of discount sales of each maker
until the previous month.
A consumer who wishes to scrap an old vehicle shall submit the original
invoice of the vehicle to be disposed of and have its registration cancelled
by the local authorities. Then, the customer delivers a vehicle to a scrapper,
gets paid based on its scrap value and purchases a new vehicle with discount
at the dealer.
Relaxation of procedures for Cash for Clunkers Program announced in the
Official Gazette (October 9, 2009)
Operating procedures of Cash for Clunkers Program that have been going on
since August will be relaxed effective October 10, 2009. The condition that
an eligible used vehicle must be more than 10 years old will be eliminated,
and an imported used vehicle will be qualified. The amount of the subsidy
remains unchanged at 15,000 pesos per vehicle. Furthermore, procedures for
receiving subsidies have been simplified, as seen in elimination of the
obligation for an owner to cancel registration of the scrapped vehicle.
According to the Mexican Automobile Dealers Association, participating vehicles
in the program amounted to 1,273 as of the end of September. The Ministry
of Economic Affairs initially projected 8,000 by the end of September. The
target until the end of December is set at 33,000 vehicles.
|
|
|
Brazil
|
IPI
reduction on automobiles
Tax cuts on automobiles were effected by the Treasury Department on January
1, 2009
IPI (tax on industrial products) on automobiles was reduced for three months
starting January 1, 2009.
The Treasury Department announced on March 30, 2009 the extension of the
tax cuts on automobiles until the end of June 2009.
Treasury Secretary made clear in early June 2009 that the duration of tax
cuts will never be re-extended.
Treasury Secretary announced on June 29, 2009 that IPI deductions will be
extended for a maximum period until December. Current deductions will continue
until the end of September, and be phased out after October to return to
normal rates in January 2010.
1,000 cc (normal) 7.0 / (reduced) 0.0
1,000 - 2,000 cc 13.0 / 6.5
(in case of FFV) 11.0 / 5.5
2,000 cc - 25.0
(in case of FFV) 18.0
Truck 5.0 / 0
Light Truck 8.0 / 1.0
Brazillian government announced on September 30, 2009
IPI reduction
measures on automobiles ended. The government will return tax rates to normal
levels by steps until January 1, 2010.
1,000 cc (rate shown in percentage):
September (0.0%), October (1.5%),
November (3.0%), December (5.0%),
January 2010 (7.0% standard rate)
1,000 cc to 2,000 cc:
September (6.5%), October (8.0%),
November (9.5%), December (11.0%),
January 2010 (13% standard rate)
1,000 cc to 2,000 cc FFV:
September (5.5%), October (6.5%),
November (7.5%), December (9.0%),
January 2010 (11% standard rate)
Treasury Secretary announced on
November 24, 2009
The IPI reduction measures, which are scheduled to end at the end of 2009,
will be extended until the end of March 2010 only on FFVs.
- FFV with an engine displacement of up to 1,000 cc: 3% until the end of
March
-Between 1,000 cc and 2,000 cc: 7.5% until the end of March
The IPI reduction measures on new trucks at their purchases will be extended
to June 2010.
Additional government outlays involved in the extension will be 1.3 billion
Real.
|
|
n.a.
|
3.1
mil. (+10.3%)
PC & LCV
|
ANFAVEA(Dec.
4, 2009)
Forcast to be +9.3% in 2010.
|
|
n.a.
|
3.016
mil.(+5.3%)
PC & LCV
|
FANABRAVE(Oct.
2009) |
|
n.a.
|
2.937
mil.(+4.1%)
PC & LCV
|
Sergio
Reze, President of FANABRAVE
(Oct. 2009)
|
|
n.a.
|
2.95
- 3.00 mil. (+4.1 to +6.4%)
PC & LCV
|
Cledorvino
Bellini, CEO of Latin American division of Fiat Auto (Oct. 2009)
|
|
n.a.
|
3.0
mil. (+6.4%)
PC & LCV
|
ANFAVEA
(Associacao Nacional dos Fabricantes de Veiculos Automotores)
(Jul. 6, 2009)
|
|
4.85
mil.
PC & CV
|
4.895
mil. (+0.1%)
PC & CV
|
FANABRAVE
(Federacao Nacional da Distribuicao de Veiculos Automotores)
(Jan. 6, 2009)
A total of passenger cars and light commercial vehicles is forecast
to be 2.78 million (+4%).
|
|
|
Venezuela
|
. |
|
0.2716
mil.
Domestic and Import products
|
0.12
mil.
Domestic and Import products
|
CAVENEZ
(Jul. 2009)
|
|
|
Argentina
|
. |
|
0.59
mil.
All types
|
0.45
mil. to 0.5 mil.
(-24 to -15%)
All types
|
Various
press reports (Jan. 15, 2009)
|
|
Chile
|
. |
|
0.24
mil.
excluding trucks
|
0.13
mil. +/- 5,000
(-45.8%)
excluding trucks
|
ANAC
(Mar. 2009)
Trucks: 6,000 (-58.0%)
|
0.24
mil.
excluding trucks |
0.156
mil. (-35%)
excluding trucks |
ANAC
(Asociacion Nacional Automotriz de Chile) (Beginning of 2009)
|
|
| Country |
Sales
Promotion Scheme |
|
|
2009
Forecast
(yr/yr)
Category
|
Organization
(Date of Announcement)
Remark
|
|
Japan
|
Tax
reductions on eco-cars
Ministry of Land, Infrastructure, Transport and Tourism (March 30, 2009)
Acquisition tax and weight-based tax will be reduced on environmentally
responsive vehicles. Tax rate deductions will be prescribed depending on
the vehicle's emissions and fuel economy performance. Weight and new car
acquisition taxes are levied in three classes, 100%, 75% and 50%. Acquisition
taxes on used vehicles will be reduced by 1-2.7%, or between 150,000 and
300,000 yen. Tax deductions will continue from April 1, 2009 to April 30,
2012. Acquisition taxes from April 1, 2009 to March 31, 2012. However, the
application period for diesel and specified used vehicles will end on March
31, 2010.
>>
MLIT release (Japanese)
Rebate for purchase or replacement with eco-friendly vehicles
Ministry of Land, Infrastructure, Transport and Tourism and Ministry of
Economy, Trade and Industry (April 27, 2009)
(supported by the supplemental budget announced by the government and ruling
parties on April 10, 2009)
When a passenger car older than 13 years is scrapped and replaced with a
new car compliant with the 2010 fuel economy standards, a rebate of 250,000
yen is paid for a standard type vehicle, and 125,000 for a mini vehicle.
When a truck or bus older than 13 years is scrapped and replaced with a
new vehicle compliant with the "New Long-term Regulations," a
subsidy is paid. The subsidy is variable depending on the gross vehicle
weight; 400,000 yen for the light duty vehicle in the 3.5-ton class, 800,000
yen for the medium duty vehicle in the 8-ton class and 1.8 million for the
heavy duty vehicle in the 12-ton class.
In case of replacement of a vehicle with a shorter life than 13 years, or
a new vehicle purchase with no replacement for scrapping, the rebate is
prescribed separately. A new vehicle must be owned at least for one year
after the purchase. After the supplemental budget for fiscal 2009 passes
the Diet, the rebate plan will be made applicable retroactively to vehicles
registered or submitted on April 10 and after up to March 31, 2010, or until
the budget is exhausted. Vehicles eligible for the rebate system are likely
to account for around 60 percent in the total registration.
>>
METI release (Japanese)
>>
MLIT release (Japanese)
>>
MarkLines Analysis Report
With the passage of the supplemental budget for 2009 on May 29,
2009, acceptance of subsidy applications will start on June 19. Subsidies
will be retroactive to April 10.
>>
METI release (Japanese)
>>
MLIT release (Japanese)
MLIT (December 15, 2009)
In the supplementary budget for fiscal 2009, 30.5 billion yen was provided
in subsidies for purchases of eco cars.
>>
MLIT release (Japanese)
Subsidies for program to promote eco-friendly vehicles (for waste carriers)
Ministry of the Environment announced the program on July 21, 2009
The ministry published a list of operators who are qualified to be awarded
with subsidies for introducing eco-friendly vehicles as their waste carriers.
The total budget for subsidies will amount to 3.5 billion yen, which are
supposed to be appropriated to about 4,650 vehicles.
>>
MOE release (Japanese)
|
|
5.0822
mil.
4-wheel vehicle
|
4.6115
mil.
(-9.3%)
4-wheel vehicle
|
JAMA
(Dec. 24, 2009)
4.7984 mil. (+4.1%) in 2010.
>>
JAMA release (Japanese)
|
|
3.212
mil.
(-6.5%)
excluding mini vehicle
|
2.906
mil.
(-9.5%)
excluding mini vehicle
|
JADA
(Japan Automobile Dealers Association) (Dec. 1, 2009) |
|
n.a.
|
1.67
to 1.68 mil.
mini vehicle
|
Japan
Mini Vehicles Association
(Dec. 1, 2009) |
|
n.a.
|
n.a.
|
Toyota
(Nov. 9, 2009)
2.75 mil. in 2010, excluding mini passenger vehicles. |
|
5.112
mil.
(estimate)
4-wheel vehicle including mini vehicle
|
4.86
mil.
(-4.9%)
4-wheel vehicle including mini vehicle
|
JAMA
(Japan Automobile Manufacturers Association) (Dec. 18, 2008)
New car excluding Mini Vehicle:
3.007 mil. (-6.9%)
Mini Vehicle:
1.853 mil. (-1.6%)
|
|
China
|
Automobile
industry readjustment and revitalization plan
The General Office of the State Council (March 20, 2009)
Includes the following items:
- Consolidate major auto groups
- Increase a share of independent branded vehicles
- Mass produce new energy powered vehicles
- Develop original technologies for key components
- Reduce purchasing taxes on passenger cars with engines 1.6 liters or less
- Encourage sales in rural areas
- Subsidize trade-ins
- Rearrange or eliminate restrictions on vehicle purchases
- Put in place the auto loan system
- Put in place the used car market
- Others
>>
PRC gov. release (Chinese)
>>
MarkLines Analysis Report
Tax reductions on vehicles with small displacement engines
The Ministry of Finance (January 16, 2009)
The purchase tax on passenger cars with engines below 1.6 liters will be
cut from the current 10% to 5%, applicable to vehicles purchased from January
20 through December 31, 2009.
Ministry of Industry and Information Technology (August 2009)
The Ministry is discussing a future tax break plan after the current system
expires at the end of 2009. A new plan is likely to broaden reduction levels,
including 0 percent import duties on vehicles with displacement under 1.4
liters. Furthermore, new incentives will likely be expanded to purchases
of new energy and green vehicles.
The State Council Decision
(December 9, 2009)
The purchase tax deduction on passenger cars with an engine capacity of
up to 1,600cc will be extended until the end of 2010. But, the tax rate
will be raised from 5% to 7.5%.
Subsidies for purchasing vehicles in rural areas
Ministry of Finance and the National Development and Reform Commission (March
16, 2009)
Subsidies totaling about 5 billion yuan are provided for purchases of automobiles
and motorcycles in farming areas.
Ministry of Finance and the National Development and Reform Commission (June
10, 2009)
In addition, subsidies for light duty and mini trucks with gross vehicle
weight of under 1.8 tons will become available up to one vehicle per house.
For mini trucks without trade-ins, subsidies equivalent to 10 percent of
the purchase price will become available up to 5,000 yuan.
>>
PRC gov. release (Chinese)
>>
MOF release (Chinese)
The State Council Decision
(December 9, 2009)
The program to provide subsidies to car purchases in rural areas will be
extended until the end of 2010. Subsidies for motorcycle purchases will
continue until January 1, 2013.
Trade-in encouraging program
A plan to implement a program to spur domestic demand for automobiles and
household appliances (replacing old products by purchasing new products)
that was submitted by related government ministries including Finance, Commerce,
Industry and Information Technology, and Environment was approved by the
State Council on June 1. 2009. Subsidies provided by the government for
scrappage or replacement of old vehicles will be increased from the previous
1 billion to 5 billion yuan in 2009.
When scrapping or replacing a domestic model manufactured before 1996 or
an import manufactured before 1998 of mid-, light- and mini-type trucks
or some of medium-duty buses that have been used for a certain period, a
subsidy will be provided for the purchase of a similar new model. Subsidy
standards proposed by the central government are 6,000 yuan for a medium-duty
truck, 5,000 yuan for a light-duty bus, 4,000 yuan for a light-duty bus
and 3,000 yuan for a minivan. Regional governments will adjust subsidy levels
depending on a model, length of use, city regulations and so forth.
The Ministry of Commerce and other government agencies announced on July
14 the procedures to implement a program to encourage trade-in of automobiles
and household electric appliances. When a designated used commercial vehicle
is traded in for a new vehicle, a subsidy ranging from 3,000 to 6,000 yuan
is offered during the period from June 1, 2009 through May 31, 2010. A total of
5 billion yuan will be funded for automobile trade-in subsidies. The Ministry
of Commerce predicts a package of vehicle sales incentive programs
will contribute to scrappage of 2.7 million vehicles in 2009 and reduction
in fuel consumption by 5 to 10 percent per vehicle as a result of trade-ins
of old, less fuel efficient models.
>>
MOFCOM release (Chinese)
Ministries of Commerce/Finance/Environment Protection
(August 2009)
The ministries jointly announced a total of 7.5 billion yuan will be funded from
central and local governments as subsidies for replacing old vehicles and
household electric appliances with new ones.
The State Council Decision
(December 9, 2009)
The subsidy per each trade-in vehicle will be raised to 5,000 to 18,000
yuan.
Promoting use of new energy vehicles
Ministry of Finance (January 24, 2009)
Use of new energy vehicles like electric and hybrid vehicles will be promoted
in 13 cities nationwide.
Finance Ministry and the National Development and Reform Commission (February
17, 2009)
The Ministry of Finance will provide subsidies for purchase of a total of
60,000 cars for official use for four years.
The Ministry of Finance unveiled on June 25, 2009 the policy to spend
20 billion yuan by 2012 to step up measures to promote new energy vehicles
like offering subsidies for new car purchases and constructing car recharging
infrastructure by 2012. Ministry of Industry and Information Technology
promulgated "Management rules certifying new energy automobile
manufacturers and related products," which are to be in force from
July 1, 2009.
>>
MIIT release (Chinese)
The State Council Decision
(December 9, 2009)
In order to promote use of new energy vehicles, the number of the model
city for the program will be increased from 13 to 20. Furthermore, in five
cities a pilot program will be introduced to offer subsidies to individual
customers for purchases of energy saving or new energy vehicles
|
|
9.38
mil.
incl. CV
|
over
13 mil.
(+ 38.6%)
incl. CV
|
Dong
Yang, Executive Vice-president of CAAM (Dec. 2009) |
|
9.38
mil.
incl. CV
|
13
mil.(+ 38.6%)
incl. CV
|
CAAM
(Nov. 2009)
Expected to grow 10% in 2010 |
|
9.38
mil.
incl. CV
|
13
mil.(+ 38.6%)
incl. CV
|
Ren
Yong, Vice President of Dongfeng Motor (Oct. 20, 2009) |
|
9.38
mil.
incl. CV
|
over
12 mil.
(+ 27.9%)
incl. CV
|
CAAM
(Oct. 13, 2009) |
|
9.38
mil.
incl. CV
|
12
mil.(+27.9%)
incl. CV
|
Chen
Bin, Chief Director of the Industry Coordination Dept., National Development
and Reform Commission
(Sep. 5, 2009) |
|
9.38
mil.
incl. CV
|
11.5
to 12 mil.
(+22.6 to 27.9%)
incl. CV
|
Kevin
Wale, President of GM China
(Sep. 2, 2009) |
|
9.38
mil.
incl. CV
|
10
mil. (+6.6%)
incl. CV
|
China
Machinery Industry Federation
(Jul. 15, 2009)
The first phase of the development of the automotive industry is targeted
at a sustainable 10 percent growth for three consecutive years, establishment
of 2 to 3 automakers with an annual production capacity of 2 million
vehicles and expansion of Chinese own brand models, as well as a 10
percent share of exports. The second phase target is keeping a growth
rate of around 7 percent for 10 years in a row and production of 20
million vehicles a year by 2020. |
|
9.38
mil.
incl. CV
|
11
mil. (+17%)
incl. CV
|
CAAM
(Jul. 2009) |
|
9.38
mil.
incl. CV
|
11
mil. (+17%)
incl. CV
|
Association
of China Passenger Vehicle Market Information (Jun. 2009) |
|
9.38
mil.
incl. CV
|
10.2
mil. (+8.7%)
incl. CV
|
CAAM
(May 12, 2009)
PC: 7.45 mil. (+10.2%)
CV: 2.75 mil. (+5.0%) |
|
9.38
mil.
incl. CV
|
10.2
mil. (+8.7%)
incl. CV
|
Dong
Yang, Executive Vice-president of CAAM (Apr. 09, 2009)
|
|
6.155
mil.
Passenger Car
|
6.463
mil. (+5%)
Passenger Car
|
Association
of China Passenger Vehicle Market Information (Jan. 24, 2009)
|
|
9.38
mil.
incl. CV
|
9.85
mil. (+5%)
incl. CV
|
Dong
Yang, Executive Vice-president of CAAM (China Association of Automobile
Manufacturers)
(Jan. 15, 2009)
|
|
9.38
mil.
incl. CV
|
9.41
mil. (+0.3%)
incl. CV
|
State
Information Center
(Beginning of 2009)
|
|
n.a.
|
(+9 to 10%)
incl. CV
|
Feng
Fei, Head of Research Department of Industrial Economy,
The Development Research Center of the State Council (DRC)
(mid- Dec, 2008)
|
|
9.5
mil.
(Estimate)
incl. CV
|
10.45
mil.
(about +10%)
incl. CV
|
Xu
Changming, Head of Information Resources Dept.,
State Information Center
(Dec. 02, 2008)
|
28
thou.
Hong Kong
new car market |
19.6
thou. (-30%)
Hong Kong
new car market |
Hui
Ying Bun,
Dah Chong Hong
(Trading Co. of CITIC Pacific Group)
(May 21, 2009) |
|
Taiwan
|
Freight
tax exemption for new car purchase
The tax exemption was approved by the Legislative Yuan, Finance Committee
on January 5, 2009. The legislature discussed the proposal to revise the
freight tax, and determined to provide the freight tax exemption to purchasers,
who buy a new vehicle by the end of 2009. Freight tax of 30,000 yuan will
be exempted for automobiles with engine displacement under 2,000 cc, including
compact buses and trucks, and 3,000 yuan for motorcycles.
Taiwan Transportation Vehicle Manufacturers Association (July 29, 2009)
Cheng Guorong, Chairman of Taiwan Transportation Vehicle Manufacturers Association,
announced its request to the government for extension of the freight tax
incentive by longer than one year at least until after 2010. The association
is aiming to get approval for the extension by the Legislative Yuan by the
end of 2009.
Request for extension of freight tax exemption opposed by Finance Ministry
in Taiwan (October 15, 2009)
Finance Minister in Taiwan expressed opposition to the request by a legislator
of the National Party at the finance committee for a one-year extension
of the freight tax exemption on automobiles and motorcycles citing a great
impact on a shortfall of the tax revenue. The Ministry of Economic Affairs
had in the past agreed to a request for one-year extension from the Taiwanese
Automobile Industry Association.
Industrial development policy for environmental vehicles
The exemption was announced by the Legislative Yuan on May 15, 2009. A revised
freight tax legislation passed the Legislature. The current 15 percent freight
tax will be exempt for the next five years when purchasing an eco-friendly
bus like hybrid, natural gas, low-floor bus. It was also decided for the
Ministry of Economic Affairs and the Ministry of Finance to submit a proposal
to cut import duties on bus related components by half within one month.
The Ministry of Economic Affairs (Jul. 2009)
The Ministry of Economic Affairs is considering exemptions on cargo and
license plate taxes for purchasers of electric vehicles including hybrids,
plug-in hybrids and battery electric vehicles. However, due to objections
from the Ministry of Finance saying the current exemption measures are enough,
the Ministry is bringing the matter to judgment of the Executive Yuan.
Legislative Yuan (Nov. 2009)
When a new hybrid or LPG vehicle is purchased during the next five years,
its freight tax of 25,000 yuan will be exempted. Government outlays by this
action will be 27.3 million yuan a year and 136.5 million yuan in total
in five years. Following the revision of related laws, the bill will be
proposed at the Legislative Yuan. After it is finally approved at the legislature,
it will be put into force.
A purchaser of a hybrid can receive a grant totaling 50,000 yuan, in addition
to a 25,000 yuan subsidy by the environmental protection agency. When an
owner converts his or her own car into a hybrid version, he can get only
the subsidy from the environmental agency.
Legislative Yuan (November 11, 2009)
A revised freight tax bill passed the first discussion. It is aimed at deducting
the freight tax on electric vehicles for five years and extend its exemption
for another five years depending on the situation. A subsidy per vehicle
ranges from 100,000 yuan to 500,000 yuan, with a total amount expected to
exceed 5 billion yuan. Sales within the region and exports are targeted
at 65,000 a year and the industry output is targeted at the level of 200
billion yuan.
The Ministry of Economic Affairs (Dec. 2009)
As a step to promote the electric vehicle industry (part of the electric
vehicle promotion program), the Ministry of Economic Affairs has proposed
a bill to provide a subsidy of up to 500,000 yuan per vehicle. During the
first three years, ten locations will be designated as model areas with
300 vehicles allocated at each location. The bill will also promote purchasing
of electric vehicles by public organizations and public transportation systems.
This subsidy program will develop to a higher level offering a subsidy to
purchasers, deduction of freight tax and registration tax, as well as discounts
at the time of purchase and no-interest loans.
Reduction of import duties on auto parts by half
Finance Ministry National Tariff Commission (May 25, 2009)
Import duties on 23 items of auto parts, which currently range from 2.5%
to 15%, will be cut by 50 percent for a limited period from May 25, 2009
through the end of the year. |
| n.a. |
0.25mil. |
Hotai
Motor (Toyota's sales agent) (Jul. 2009) |
| n.a. |
over
0.23 mil. |
Hotai
Motor (Toyota's sales agent) (Jun. 2009) |
| n.a. |
0.24
mil. |
Ford
Lio Ho (Jun. 2009)
Revised 10% upward from the initial forecast. |
Monthly Sales in Taiwan, by make
|
Korea
|
Tax
incentives for replacing automobiles
Ministry of Strategy and Finance (April 12, 2009)
In case of transfer or scrap of a vehicle registered before December 31,
1999, 70 percent of individual consumption, acquisition and registration
taxes will be deducted up to 2.5 million won (maximum 1.5 million won on
consumption tax and maximum 1 million won on acquisition and registration
taxes) during the period from May 1, 2009 through December 31, 2009.
The Ministry hinted on June 1 the possibility of terminating the tax incentive
program to spur replacement of old vehicles in September ahead of the original
schedule, if the automobile industry is not making its own efforts for survival,
given a recent movement by the Ssangyong union for an all-out strike as
well as determination by the Hyundai and Kia unions for a joint struggle
against restructuring. The government will conduct a comprehensive assessment
of restructuring efforts by the automobile industry until the regular session
of the Congress reconvenes in September and seek report on whether or not
the tax incentives should be terminated earlier.
Ministry of Strategy and Finance
(September 2009)
The Ministry indicated a policy that tax incentives should be continued
until the end of 2009 as originally planned.
Tax reductions on hybrid vehicles
The Ministry of Strategy and Finance (April 30, 2009)
The government will cut taxes for a hybrid vehicle including used to be
delivered or imported from July 2009. The individual consumption tax will
be cut by up to 1 million won, the acquisition tax up to 400,000 won, the
registration tax up to 1 million and other taxes including education up
to 391,000 won and the value-added tax up to 130,000 won.
The Ministry of Knowledge Economy (June 29, 2009)
Tax deductions of up to 3.1 million won per vehicle will take effect as
of July 1, 2009. Models eligible for tax incentives must have more than
50 percent better fuel economy than an average mileage of general vehicles,
and a rated voltage of batteries as driving power source must be over 60-volt.
Tax deductions for environmentally-friendly vehicles
Ministry of knowledge Economy (June 10, 2009)
Tax deductions up to 3.1 million won will be available for environmentally-friendly
vehicles that have more than 50 percent better fuel efficiency than an average
of general vehicles. The individual consumption tax will be cut by up to
1 million won, the education tax up to 300,000 won, the acquisition tax
up to 400,000 won, the registration tax up to 1 million won and so on. Fuel
efficiency standard of eligible gasoline-engine vehicles will be over 25.5km/L
for a vehicle with an engine displacement of under 1,000 cc, over 20.6km/L
between 1,000 and 1,600 cc, over 16.8km/L between 1,600 cc and 2,000 cc,
and over 14km/L over 2,000 cc. Deductions will be available from July 1
to the end of December 2009.
Exemption of environmental improvement charge on mini vehicles
Ministry of knowledge Economy (May 4, 2009)
The environmental improvement charge will be exempt for purchase of mini
vehicles. When purchasing and registering mini vehicles conforming to the
"Euro4" standards, the environmental improvement charge will be
exempted for four years from the second half of 2009, while those conforming
to the "Euro5" for five years.
Reduction in individual consumption tax on passenger cars
The individual consumption tax on vehicle
purchases will be deducted 30 percent tentatively until the end of June
2009. For domestic production models, the tax deduction rate will be
equal to 5 percent of the factory delivered price including an industry
standard profit margin, sales and administration expenses and other costs
for cars with under 2,000 cc displacement, and 10 percent for cars with
over 2,000 cc.
The Ministry of Strategy and Finance announced the tax reduction on May
14, 2009. The individual consumption tax on passenger cars with an engine
displacement exceeding 2,000 cc, which currently stands at 10%, will be
reduced by 1% per year after the U.S.-Korean Free Trade Agreement takes
effect ultimately to 5%, equal to the current 5% on vehicles with an engine
displacement under 2,000 cc.
The proposal for revision is scheduled to be brought to the extraordinary
session of the Congress. The bill to ratify the agreement has passed the
standing committee and waiting for the full congress voting.
Obligation to purchase local development securities
to be abolished
Ministry of Public Administration and Security announced on September 14,
2009 that an obligation by purchasers of eco-vehicles to purchase local
development bonds will be abolished as of October 1, 2009, which has
been applied to areas other than Seoul, Pusan and Daegu. |
|
n.a.
|
1.37
mil. (+18.7%) |
KAMA
(Dec. 2, 2009)
1.4 mil. (+2.2%) in 2010 |
|
n.a.
|
1.39
mil. |
Korea
Automotive Research Institute (KARI)
(Oct. 2009)
1.41 mil. (+1.4%) in 2010 |
|
1.145
mil.
|
1.05
mil. (-8.3%) |
KAMA
(Korea Automobile Manufacturers Association) (Dec. 16, 2008)
|
|
| Country |
Sales
Promotion Scheme |
|
|
2009
Forecast
(yr/yr)
Category
|
Organization
(Date of Announcement)
Remark
|
|
|
Thailand
|
Reduction
of excise tax on eco-friendly vehicles
The excise tax on E20 compliant vehicles (running on 20 percent ethanol
mixed fuel) was reduced by 5 percent, effective January 2008. The tax on
E85 compliant vehicles was also reduced to the same level as on E20 compliant
vehicles in June 2008. The excise tax rate for eco-cars with an engine displacement
under 1,300cc is lower than E20 vehicles.
Special loan for purchasers of natural gas engine wagons
Ministry of Finance in Thailand announced on July 27, 2009
The Bangkok Mass Transit Authority has agreed with the Small and Medium
Enterprise Development Bank of Thailand (SME Bank) to offer special loans
totaling one billion baht to purchasers of natural gas powered wagons used
for transit buses. Applications for special financing will be accepted within
this year. Down payment will be over 5 percent of the purchase price at
interest rates ranging from 4.75 percent to 6.75 percent depending on the
amount of the down payment on an 8-year repayment schedule. If a vehicle
under the current contract is converted to a natural gas version, BMTA will
extend the contract period from 1-3 years to 10 years. |
|
0.615
mil.
PC & CV
|
over
0.52 mil.
PC & CV
|
TMT
(Dec. 2009)
|
|
n.a.
|
n.a.
|
Thai
Automotive Industry Association (TAIA) (Nov. 2009)
5% growth in 2010
|
|
0.615
mil.
PC & CV
|
0.50
- 0.52 mil.
(-18.7 to -15%)
PC & CV
|
Automotive
Industry Club, The Federation of Thai Industries (FTI) (Oct. 2009)
|
|
0.615
mil.
PC & CV
|
0.48
mil. (-22%)
PC & CV
|
Toyota
Motor Thailand (TMT)
(Jul. 17, 2009)
PC: 202,000 (-10.9%)
CV: 278,000 (-28.4%)
|
|
0.615
mil.
PC & CV
|
0.434
mil. (-29%)
PC & CV
|
Frost
& Sullivan (Jul. 2009)
PC: 195,000 (-14%)
Pickup Truck: 226,000 (-32%)
|
|
0.615
mil.
PC & CV
|
0.52
mil. (-15%)
PC & CV
|
Toyota
Motor Thailand (TMT)
(Jan. 16, 2009)
PC: 205,000 (-9%)
CV: 315,000 (-19%)
|
|
|
Malaysia
|
Auto
industry assistance program
The Ministry of Finance announced on March 10, 2009 to infuse 200 million
ringgit to the Automotive Development Fund. When a consumer purchases a
new car by trading in a car more than 10 years old, the purchaser gets a
discount of 5,000 ringgit from the new car price.
Proton Holdings (Jul. 2009)
The government has an intention of ending the domestic car purchase incentive
program at the end of the year. The incentive program included in the second
economic stimulus package, which was announced on March 10, stipulates that
an owner of a domestic production used car is qualified to receive a voucher
when scrapping the used car and to receive a 5,000 ringgit for the purchase
of a new car. Many of used car owners, however, are not enthusiastic about
using the program, considering their old cars are valued at more than 10,000
rinngit. Furthermore, since a new system designed to prevent used car dealers
from abusing the incentive package was introduced as of April 15, the number
of consumers to use the program declined drastically. According to Proton,
vouchers for 11,800 vehicles have been issued as of July. |
|
0.548
mil.
PC & CV
|
over
0.5 mil.
PC & CV
|
MAA(Jul. 2009)
Abdul Halim Bin Harun, MD&CEO of UMW Holdings
|
|
0.548
mil.
PC & CV
|
0.5
mil. (-8.6%)
PC & CV
|
MAA(Jul. 23,
2009)
The result of first half 2009:
251,092 units(-9.7%)
|
|
0.548
mil.
PC & CV
|
0.501
mil. (-8.6%)
PC & CV
|
Frost
& Sullivan Malaysia
(Jul. 15, 2009)
Sales of passenger cars were 12 percent down in the first half.
It will be 4 to 5 percent down in the second half, with a 6.8 percent
down for the whole year.
|
|
0.548
mil.
PC & CV
|
0.48
mil. (-12.4%)
PC & CV
|
Malaysian
Automotive Association (MAA)
(Jan. 21, 2009)
PC: 436,800 (-12.2%)
CV: 43,200 (-14.7%)
|
|
0.545
mil.
(estimate)
|
0.502
mil. (-8.1%)
|
Frost
& Sullivan Malaysia
(Jan. 07, 2009)
|
|
|
Indonesia
|
Import
duty exemption on auto parts
Ministry of Industry (Jul. 2009)
A total duty exemption budget for the auto industry is 795.2 billion rupiah.
As of July, 53 companies applied for the exemption totalling 207.9 billion
rupiah. Among them, 37 companies received the certificate, which amounts
to a total of 184.72 billion rupiah. |
|
0.608
mil.
PC & CV
|
0.48
mil. (-21%)
PC & CV
|
Mr
Freddy August Sutrisno, Secretary General of GAIKINDO (Dec. 2009)
Sales of 0.6 million (+25%) are projected in 2010, pending postponement
of proposed increases in luxury tax. |
|
0.608
mil.
PC & CV
|
n.a.
|
Mr.
Bambang, President of GAIKINDO
(Dec. 2009)
0.56 million in 2010. |
0.608
mil.
PC & CV |
0.48
mil. (-21%)
PC & CV |
Ministry
of Industry (Jun. 2009)
Revised upward from the original forecast of 420,000 (-30%) |
0.608
mil.
PC & CV |
0.424
mil. to
0.45 mil.
(-30 to -26%)
PC & CV |
Mr.
Bambang, President of GAIKINDO
(Jun. 2009)
Sales in the 1st quarter were about 100,000. An increase of 5% from
the 1st quarter is forecast for the 2nd quarter.
The sales in the first quarter will be about 100,000, and sales in
the second quarter will increase 5 percent.
In the roadmap up to 2015, sales are expected to grow steadily during
the 5 years from 2009 to 2014 to 540,000, 650,000, 720,000, 820,000
and 950,000 respectively up to over one million in 2015. Also forecasting
the ASEAN market to reach 4 to 5 million during the 2015 to 2020
period, he aims to achieve the sales of 1.5 million in the domestic
market. |
|
0.608
mil.
PC & CV
|
0.40
mil. to
0.45 mil.
(-34 to -26%)
PC & CV
|
Mr.
Bambang, President of GAIKINDO(Indonesian Automotive Industry Association)
(May 25, 2009)
Rebound in the automobile market is forecast to come after 2010, at
a slow pace of around 5%. |
|
0.608
mil.
PC & CV
|
0.35
mil. to
0.40 mil.
(-42 to -34%)
PC & CV
|
PT.
Toyota Astra Motor (Jan. 21, 2009)
|
|
|
Philippines
|
|
|
0.124
mil.
|
0.125
mil
(+0.8%)
|
Elizabeth
Lee, President of CAMPI
(Sep. 2009)
|
|
0.124
mil.
|
0.127
mil. to
0.129 mil.
(+2 to 4%)
|
CAMPI
(The Chamber of Automotive Manufacturers of the Philippines, Inc.)
(Jan. 20, 2009)
|
|
|
Vietnam
|
Reduction
of import duties on auto parts
Ministry of Finance (March 9, 2009)
Import duties on auto parts will be reduced by 2-5 percent.
Revised specilal consumption tax
Since April 1, 2009, special consumption tax rates on vehicles with a seating
capacity of 9 or under have been revised to be based on engine displacement
as 45% under 2,000 cc, 50% between 2,000 cc and 3,000 cc and 60% over 3,000
cc. In the past they were classified based on the number of seats as 15%
for 16 to 24-seater, 30% for 6 to 24-seater and 50% for 5 or less seater.
In the case of hybrids, when the percentage of gasoline use is under 70%,
a special advantageous rate, which is 30% lower than normal, is applied.
New car registration fee reduced
Since May 2009, the new car registration fee has been temporarily lowered
from the previous 10 to 12 percent to 5 percent. |
|
0.112
mil.
PC & CV
|
0.114
mil.
(+1.7%)
PC & CV
|
VAMA
(Sep. 10, 2009)
|
|
0.112
mil.
PC & CV
Domestically assembled by 16 VAMA members
|
0.088
mil.
(-20%)
PC & CV
Domestically
assembled by 16 VAMA members
|
VAMA
(Vietnam Automobile Manufacturers Association)
(Jan. 15, 2009)
Forecast at minus 30% for foreign-affiliated automakers only
|
|
Singapore
|
Green
Vehicle Rebates
In case of registration of compressed natural gas, electric and hybrid vehicles,
40 percent of the vehicle's Open Market Value is refunded for passenger
cars. In addition, the additional registration fee is exempt. Refunding
rates for buses, taxis and commercial vehicles are prescribed separately.
Diesel vehicles are also separately prescribed. The rebate system has been
revised from time to time since it was first introduced in January 2001.
|
|
India
|
Reduction
of excise tax
National Planning Commission (December 7, 2008)
As part of the economic stimulus package, excise taxes on manufactured goods
will be levied temporarily at 4 percent across the board.
The Ministry of Finance announced on February 24, 2009 to reduce excise
and service taxes by 2 percent each as an additional stimulus measure.
The Minister of Finance announced on July 6, 2009 to cut the excise tax
on SUVs with an engine displacement above 2,000 cc from the previous 20,000
rupee to 15,000 rupee. The excise tax on vehicles with a displacement ranging
from 1,500 cc to 1,999 cc will remain unchanged at 15,000 rupee. The tax
on gasoline engine trucks will also be reduced from 20 percent to 8 percent.
|
| n.a. |
n.a. |
Ernst
& Young (Jun. 2009)
Sales of passenger cars in India will increase from the current 1.89
million including 1.55 million domestic and MPVs by 12 percent per
year for the next 5 years to almost double to 3.75 million including
2.75 million by 2014. |
|
PC:
1.5519 mil.
CV:
0.3841 mil.
2-wheel:
7.4377 mil.
FY 2008
(Apr. 2008 to Mar. 2009)
|
PC:
(+3～5%)
CV:
(+7～10%)
2-wheel:
(0 to +5%)
FY 2009
(Apr. 2009 to
Mar. 2010) |
SIAM
(Society of Indian Automobile Manufacturers) (Apr. 2009)
|
Monthly
Sales in India, by make
Monthly
Passenger Car Sales in India, by make
|
|
Australia
|
Business
investment tax break
Since December 2008, the Business Tax Break has been introduced to investment
of a certain amount of business investment including the purchase of a vehicle
for business use, and has been reinforced in two stages as follows.
- When a small business invests more than 1,000 Australian dollars excluding
tax until December 30, 2009, its expenses can be deducted by 50 percent.
- When other than small businesses invest more than 10,000 Australian dollars
excluding tax until June 30, 2009, their expense can be deducted by 30 percent
, and 10 percent when they invest until December 30, 2009.
|
|
1.012
mil.
PC & CV
|
0.88
mil. (-13%)
PC &
CV
|
FCAI
(Federal Chamber of Automotive Industries) (Jan. 06, 2009)
|
|
| Country |
Sales
Promotion Scheme |
|
|
2009
Forecast
(yr/yr)
Category
|
Organization
(Date of Announcement)
Remark
|
|
|
Europe
|
|
|
n.a.
|
(-20%)
LV
|
Mr.
Carlos Ghosn, chairman of ACEA (European Automobile Manufacturers'
Association) (Mar. 04, 2009)
|
|
n.a.
|
12.5
mil. to
13.5 mil.
LV
|
Ford
(Feb. 26, 2009)
|
|
|
Germany
|
Scrapping
Bonus
When replacing a vehicle that is nine or more than nine years old with an
environmentally friendly new vehicle, the purchaser is qualified to receive
a subsidy of 2,500 euros per unit. The incentive is applicable to 600,000
vehicles with a total of 1.5 billion euros, which became effective on January
14, 2009.
>>
MarkLines Analysis Report
A total amount of scrapping bonuses will be increased from 1.5 billion euros
to 5 billion euros, the government announced on April 8, 2009.
Press secretary Ulrich Wilhelm said on August 24 that there is no plan for
expanding the scale of assistance in the car trade-in scheme, nor substituting
the program.
The Federal Office of Economics and Export Control (Bafa) (September 2,
2009)
Bafa completed acceptance of applications for the scrap-bonus program, because
the budget totaling 5 billion euros for the incentive had been used up.
Bafa indicated it will make a waiting list of 15,000 applications, in case
some people who have already applied for the program withdraw their applications
afterwards.
>>
Bafa release
Subsidies for purchasing electric vehicles
German government (August 19, 2009)
The German government decided at the cabinet meeting the National Development
Plan on Electromobility to deploy one million electric vehicles nationwide
by 2020. The plan includes assistance by the government in developing batteries
and establishing a domestic infrastructure for electricity charging, as
well as offering a 5,000- euro per vehicle rebate for up to 100,000 purchasers
of new electric vehicles by 2012 under a new incentive scheme to encourage
purchases of electric vehicles.
Program to assist introduction of hybrid buses
Ministry of Environment (December 10, 2009)
The Federal Environment Ministry announced a subsidy program totaling 20
million euros to promote introduction of hybrid buses to public transportation
systems. Transport operators are eligible for subsidies when they purchase
more than ten hybrid buses by the end of 2010. |
| 3.09
mil. |
3.80
mil. (+23%) |
VDIK
(Dec. 17, 2009)
2.8 mil. - 2.9 mil. in 2010. |
| 3.09
mil. |
3.75
mil. (+21%) |
VDIK
(Nov. 2009) |
| n.a. |
3.70
mil. |
VDA
(Nov. 2009) |
| n.a. |
3.50
mil. (+10%) |
VDA
(Jul. 2009) |
| 3.09
mil. |
3.45
mil. (+12%) |
VDIK
(Jun. 2009) |
|
3.09
mil.
(estimate)
PC
|
2.90
mil. (-6%)
PC
|
VDIK(Verband
der Internationalen Kraftfahrzeughersteller) (Dec. 18, 2008)
Without an effective assistance program from the government to the
passenger car market, the number is not expected to exceed 2.9 million.
|
|
|
France
|
Scrappage
Incentive
(called "Prime a la casse")
When scrapping a vehicle older than ten years and purchasing a new vehicle
with CO2 emissions below 160g/km, a purchaser can receive a subsidy of 1,000
euros per unit. A total amount of incentives will be 220 million euros.
Besides, a total of one billion euros in loans will be provided for financial
operations of automakers.
The incentive effective in March 2009.
>>
MarkLines Analysis Report
Minister of Industry expressed on July 13, 2009 an intention of phasing
out the incentive program for new car purchase.
Minister of Economic Affairs has announced on September 1, 2009 that the
scheme will be extended for two additional years.
Minister of Economic Stimulus Actions announced on November 18, 2009
The scrap incentive program called "Prima a la casse" will continue
in 2010, as well. However, the subsidy amount per vehicle will be tapered
to 700 euros in the first half of 2010 and to 500 euros in the second half,
with 240 million euros budgeted for continuation of the program.
The program has been used for more than 500,000 purchases, exceeding 220,000
cases on which the government budget is based. It is expected to be used
by 600,000 new car purchasers by the end of 2009. Among new vehicles purchased
by use of the program, those with CO2 emissions of less than 120g/km account
for two-thirds.
Green taxation
Registration tax for new vehicles with CO2 emissions below 130g/km is deducted
by 200 to 1,000 euros depending on average emissions by model, while in
case of emissions above 161g/km, tax will be increased by 200 to 2,600 euros.
An electric vehicle will get a discount of 5,000 euros.
When purchasing a new vehicle by scrapping a vehicle after use for more
than 15 years, the registration tax will be discounted by 300 euros.
The reduced taxation scheme became applicable to purchases starting on December
5, 2007, and the extra taxation scheme starting in January 2008.
Bonus for purchasing of green cars
President Sarkozy September 10, 2009
The president said France will introduce a "Clean Car Program"
offering a 5,000-euro bonus per car to consumers who will purchase environmentally
friendly cars. The details will be announced by Ecology Minister on September
23. The government plans to spend a total of 400 million euros to assist
sales of eco-friendly vehicles within the next four years. |
|
2.541
mil.
(estimate)
PC & CV
|
2.276
mil. (-10%)
PC & CV
|
CSM
Worldwide (Nov. 25, 2008)
|
|
|
UK
|
Vehicle
scrappage incentive scheme
UK Chancellor of the Exchequer (April 22, 2009)
A total of 2,000 pounds (1,000 pounds from the government and 1,000 pounds
from the relevant car manufacturer) is offered to a customer when replacing
a 10-year old or older car with a new car.
A new car, not necessarily an eco-friendly car, eligible for this scheme
shall be;
1) A passenger car or light commercial van with gross vehicle weight of
up to 3.5 tons
2) Registered on or after May 18, 2009.
3) First registered in the UK and no owner existed before the claimant.
A scrapped vehicle eligible for this scheme shall be;
1) A passenger car or light commercial van with GVW of up to 3.5 tons.
2) First registered in the UK on or before August 31, 1999.
3) Currently registered in the UK or holding a Statutory Off-Road Notification
(SORN).
4) Owned by the registered keeper for at least one year and the name must
match the one on the V55 form
5) A UK address is mentioned in the registration certificate (V5C).
6) Fully MOT'd, taxed and insured.
Relevant MOT certificate, V5C and ID must be submitted to a dealer.
The scheme went into effect on May 18, 2009 participated initially by 39
manufacturers. New car orders must be placed during the period from April
23, 2009 to February 28, 2010. The scheme will run until the 300 million
funds are used up. Up to 300,000 vehicles are expected be applied for the
scheme.
>>
SMMT release
Secretary of Business Innovation & Skills (September 28, 2009)
The Secretary announced an increase of 100 million pounds to the vehicle
scrappage scheme to fund for a further 100,000 vehicles from an original
300 million budget for 300,000 vehicles. Despite a boost in the budget,
the scheme is coming to an end on February 28, 2010 as originally scheduled.
However, the age qualification for scrappage commercial vehicles not exceeding
3.5 tons will be shortened to 8 years from over ten years. The qualification
for cars will be extended to those registered on or before February 29,
2000.
>>
BIS release
Incentives for purchasing low emission level vehicles
UK government (April 16, 2009)
A subsidy ranging from 2,000 to 5,000 pounds per car will be provided to
a purchaser of an electric or plug-in hybrid electric vehicle starting in
2011. |
|
2.132
mil.
PC
|
1.928
mil.
+ 0.05 mil.
PC
|
SMMT
(Dec. 04, 2009)
|
|
2.132
mil.
PC
|
1.928
mil. (-9.5%)
PC
|
SMMT
(Oct. 25, 2009)
1.78 mil. (-10%) in 2010
1.86 mil. (+5%) in 2011
|
|
2.132
mil.
PC
|
1.72
mil. (-19%)
PC
|
SMMT
(Society of Motor Manufacturers and Traders) (Feb. 05, 2009)
|
|
2.642
mil.
(estimate)
PC & CV
|
2.042
mil. (-17%)
PC & CV
|
CSM
Worldwide (Nov. 25, 2008)
|
|
Italy
|
Eco-Incentives
The Italian government introduced its eco-incentives on February 11, 2009.
Eligibility conditions for the incentive program to encourage switching
to eco-friendly models, which was in force from 2007 to 2008, and subsidies
(800 euros in 2008) will be expanded.
When buying a new Euro 4-5 vehicle by scrapping an Euro 0-2 vehicle that
was registered on and before December 31, 1999, 1,500 euros will be discounted
from the new car purchase price for a car and 2,500 euros for a commercial
vehicle with GVW below 3.5 tons.
When buying an eco car driven by natural gas, LPG, electricity or hydrogen
(no replacement needed), a discount ranging from 1,500 to 3,500 euros is
provided to a car and a discount ranging from 1,500 to 4,000 euros to a
commercial vehicle below 3.5 tons depending on energy source or CO2 emissions
volume.
In addition, when converting a gasoline or diesel engine vehicle to a natural
gas or LPG vehicle, 500 to 650 euros will be subsidized, and when buying
a new motorcycle, 500 euros will be provided as an incentive.
The program will be applicable until the end of 2009. The deadline for the
new car registration is March 31, 2010.
>>
ANFIA release
>>
MarkLines Analysis Report
Prime Minister Silvio Berlusconi said on September 30, that Italy is ready
to extend vehicle buying incentives to help the auto industry beyond the
end of this year if necessary.
Industry Minister Claudio Scajola said on 7th December 2009, that Italy
will extend incentives to buy less-polluting cars and appliances.
|
|
2.16
mil.
PC
|
n.a.
|
UNRAE
(Dec. 2009)
Prediction of sales in 2010
1.8 million if the government incentives do not continue.
2.1 million if the incentives are extended.
|
2.16
mil.
PC |
2.16
mil. (0.0%)
PC |
CSP(Centro
Studi Promotor)
(Dec. 2009) |
2.16
mil.
PC |
2.04
mil. (-5.6%)
PC |
Sergio
Marchionne, Fiat CEO
(Sep. 30, 2009) |
2.16
mil.
PC |
2.16
mil. (0.0%)
PC |
Ministry
of Industry (Jul. 8, 2009) |
2.16
mil.
PC |
2.0
mil. to 2.1 mil.
(-7.4 to -2.8%)
PC |
ANFIA
(Associazione Nazionale Fra Industrie Automobilistiche)
(May 6, 2009) |
|
2.16
mil.
PC
|
less
than 1.85 mil.
(-14%)
PC
|
UNRAE
(Unione Nazionale Rappresentanti Autoveicoli Esteri)
(Feb. 2, 2009)
|
|
2.14
mil.
(estimate)
PC
|
1.85
mil. (-14%)
PC
|
Promotor
(Dec. 2, 2008)
|
|
2.37
mil.
(estimate)
PC & CV
|
2.074
mil. (-13%)
PC & CV
|
CSM
Worldwide (Nov. 25, 2008)
|
|
Spain
|
Vehicle
purchase assistance program "Plan 2000E"
Ministry of Industry, Tourism and Trade
(May 18, 2009)
When an individual customer, a private business owner or a medium and small-sized
enterprise is purchasing a new vehicle priced under 30,000 euros, the buyer
receives a subsidy of 1,500 euros per vehicle, out of which 500 euros are
contributed by the government and 1,000 euros by a relevant carmaker. In
case of a used vehicle, only 500 euros are subsidized without contribution
from the manufacturer.
In the three provinces of Aragon, Asturias and Cantabria, the province adds
500 euros, making the total 2,000 euros per vehicle. The program is budgeted
at 100 million euros applicable to a total of 200,000 vehicles or a limited
period of one year.
Ministry of Industry, Tourism and Trade (October 2009)
The Ministry announced the extension of the vehicle purchase incentive program
"Plan 2000E" until the end of 2009. An extended subsidy fund will
amount to 40 million euros covering 80,000 vehicles. The program is planned
to continue in 2010 as well. |
|
1.161
mil.
PC
|
0.9
mil. (-23%)
PC
|
ANFAC
(Jan. 28, 2009)
|
|
1.161
mil.
PC
|
less
than 1.0 mil.
(-14%)
PC
|
ANFAC
(Asociación Española de Fabricantes de Automóviles
y Camiones)(Jan. 6, 2009)
|
|
|
Ireland
|
VRT
deduction on ecocars
An electric vehicle is exempt from VRT (Vehicle Registration Tax) and a
plug-in hybrid gets a deduction of up to 2,500 euros.
Minister for Finance (December 9, 2009)
VRT reduction scheme for electric and plug-in hybrid vehicles will be extended
to the end of 2012.
Car scrappage scheme
Minister for Finance (December 9, 2009)
An incentive program to support new car purchases by scrapping old vehicles
will be introduced from January 2010 for one year. In case of trading in
a car that has been registered for more than ten years for purchasing a
new car, the vehicle registration tax is reduced to up to 1,500 euros. |
|
|
Finland
|
|
|
0.14
mil.
(estimate)
PC
|
0.092
mil. (-23%)
PC
|
Finnish
Information Center of the Automobile Sector (Jan. 16, 2009)
0.12 mil. forecast as of the summer of 2008
|
|
| Country |
Sales
Promotion Scheme |
|
|
2009
Forecast
(yr/yr)
Category
|
Organization
(Date of Announcement)
Remark
|
|
Turkey
|
Reduction
in special consumption tax on automobiles
Introduced by the Turkish government on March 16, 2009. The special consumption
tax (OTV) on automobiles is reduced from 37 percent to 18 percent for automobiles
up to 1,600 cc, and from 60 percent to 40 percent for automobiles between
1,600 and 2,000 cc.
Tax deductions are in force for a limited
period until June 15, 2009.
According to the Turkish Official Gazette
27260(2009/15081), the deduction period of the special consumption
tax (OTV) on automobiles will be extended to September 30, 2009. To be
eligible for extension, products with higher domestic content are treated
preferentially, and product items are limited and their deduction ratios
are trimmed as well. Passenger cars with an engine displacement of
under 1,600 cc receive a 27 percent deduction, while those with maximum
loading capacity of over 850 kg and displacement of under 2,800 cc receive
only 3 percent.
The Turkish Government
(September 30, 2009)
The OTV reduction measures ended.
|
|
|
Russia
|
Interest
subsidy on car loans for domestic production models
RF Government Resolution No. 244 (March 19, 2009)
When purchasing certain domestic production vehicles priced under 350,000
rubles with a 30 percent down payment, the purchaser will receive a subsidy
from the government for two thirds of the policy interest rate for the remaining
value of the vehicle.
Russia's Ministry of Industry and Commerce unveiled a list of total 29 models
eligible for the subsidy program in February. They are 22 models of AvtoVAZ
Lada series, UAZ Hunter and 6 models of the foreign brands, which include
Chevrolet Niva, Fiat Albea, Ford Focus, Kia Spectra, Renault Logan and Skoda
Fabia. The subsidy scheme went into effect on April 1, 2009. A total budget
of 2 billion a year is said to cover only 100,000 vehicles, giving rise
to a request for budget increase.
>>
MarkLines Analysis Report
The Russian Federal Government raised in July 2009 the upper limit
of a vehicle price from 350,000 rubles to 600,000 rubles. It is also considering
lowering the minimum amount of the initial down payment from 30 percent
to 15 percent.
Incentives for trade-ins of vehicles
The Ministry of Natural Resources and Environment (June 16, 2009)
It had proposed to the government a measure to offer a special voucher valued
up to 50,000 rubles for purchasing a domestic production vehicle or an environmentally
friendly fuel saving vehicle in replacement of a scrapped vehicle. The measure
also includes incentives for scrappage like mandatory scrapping, simplification
of scrapping procedures and mandatory notification for elimination of the
vehicle registration.
The Ministry of Economic Development and Trade (August 2009)
The government is planning to introduce an incentive program to support
the automobile industry by offering a voucher of 50,000 rubles per vehicle
to each owner who is scrapping a used car registered more than ten years
to buy a new car. The program applies to purchases of vehicles assembled
in the country, including foreign brand models. The government is expecting
the offer will generate replacement demand for 200,000 vehicles.
Government support including purchases of cars for official use
Ministry of Industry and Trade announced in October 2009 direct official
assistance to the automobile industry amounted to a total of 101.9 billion
rubles, which include 42.5 billion rubles (37.5 billion rubles already executed)
in purchases of official use cars, 29.4 billion rubles in state guarantees
(19.8 billion rubles for the GAZ Group, 4.6 billion rubles for KAMAZ and
5 billion rubles for Sollers)
Subsidy for vehicle transportation to the Russian Far East
RF Government Resolution No. 194 (March 4, 2009)
Railway transportation costs of Russian domestic production vehicles to
the Russian Far East are subsidized (by way of subsidy to the Russian Railways).
A list of vehicle models eligible for the subsidy was posted on the Russian
newspaper dated March 11, 2009. The scheme went into effect on March
11, 2009 with a budget up to 2 billion rubles.
The Industry and Commerce Ministry recommended on May 13, 2009 to the government
to expand the application of eligible models to commercial vehicles and
micro buses. If expanded, 5,000 vehicles per year are likely to be transported
under the scheme.
Reference: The program to exemplify transportation costs was introduced
as an alternative for raising import duties on used vehicles.
Increases in import duties on automobiles
RF Government Resolution No. 903 (December 5, 2008)
Passenger cars: On new cars the current 25% will be raised to 30%. On used
cars older than 5 years after production tariffs based on cylinder displacement
will be applied, and raised by about 80% from the current duties on those
older than 7 years. On used cars between 3 and 5 years old the current duty
of 25% will be raised to 35%.
Commercial vehicles including trucks: On new vehicles the duty will be raised
by 2 and half times to 25%. On used vehicles older than 5 years after production
tariffs will be doubled per displacement, compared with the current duties
on those older than 7 years. On other vehicles the current duty of 15% will
be raised to 25%.
Buses: On new vehicles the tariffs will be raised to 25% from the current
10 or 20%. However, buses compatible with the emissions standards of the
"Class 4" or certain required specifications will be exempt from
duties. On used vehicles older than 5 years the current duty on those over
7 years old will be applied. On other types of buses, the rate will be raised
from the current 20% to 25%.
The revised duties will be applicable for 9 months starting January 12,
2009.
The revision is a measure to protect the domestic automobile industry. However,
in the far east market where Japanese made used are prevailing, a massive
protest is being staged against the tariff hikes.
>>
MarkLines Analysis Report
Federal government (August 2009)
The government intends to extend the validity of interim 30 percent import
duties on new passenger cars even after a previously planned deadline elapses
on September 1, 2009, citing the measure is helping automobile demand shift
toward domestic assembly vehicles and contributing to keeping employment
in the domestic automobile industry at a certain level.
Foreign Trade Protection and Tariff Policy Committee (August 19, 2009)
The Committee approved to extend the period of raising import tariffs, which
was set to continue for 9 months from January 12, 2009 until October 11,
for another 9 months until July 2010. Pending the final decision by Prime
Minister Putin, the extension is to take effect.
The Committee has also made following proposals to the government as well.
(1) To reduce tariffs on automated stamping equipment for vehicle body production
to zero.
(2) To raise the tariff on the navigation equipment by use of the direction
monitoring system like GPS from the current 5 percent to 25 percent, presumably
in an attempt to promote use of GLONASS that was developed during the era
of the Soviet Union.
Industry and Trade Minister
(October 9, 2009)
The Ministry
decided to extend the validity period of increased import duties on cars
for another nine months. Higher duties were to be effective for nine months
starting on January 12, 2009. The government is also considering applying
new technological standards to imported vehicles and prohibiting import
of vehicles with no 17-digit vehicle identification numbers showing the
year of production and other data. While this prohibition will not affect
imports of left-hand models with 17-digit numbers, it will represent a total
ban on imports of right-hand models like Japanese, which have only 11-digit
numbers. |
|
n.a.
|
about
1.4 mil.
(-60%)
|
Victor
Khristenko, the Head of Ministry of Industry and Trade(Oct. 14,
2009)
|
|
n.a.
|
1.3
to 1.6 mil.
(-60 to -50%)
Sum of imported and locally made new vehicles and used models
|
PricewaterhouseCoopers
(Jul. 21, 2009)
The 55% decline brought total sales to 743,000 cars for the first
half of 2009,
including 345,000 imported vehicles, 190,000 locally made foreign
models, 200,000 Russian models and 8,000 used foreign models.
|
|
2.93
mil.
Sum of Importing and Domestic Assy.
|
1.70
mil. (-42%)
Sum of Importing and Domestic Assy.
|
Association
of European Businesses
(Apr. 08, 2009)
|
|
2.93
mil.
Sum of Importing and Domestic Assy.
|
2.37
mil. (-19%)
Sum of Importing and Domestic Assy.
|
Association
of European Businesses
(Jan. 16, 2009)
|
|
2.00
mil.
(estimate)
Foreign Brand,
Sum of Importing and Domestic Assy.
|
1.30
mil. (-35%)
Foreign Brand, Sum of Importing and Domestic Assy.
|
Interfax
(Jan. 15, 2009)
|
|
Czech
|
Expanded
VAT reimbursement
Put into effect by the Ministry of Finance on April 1, 2009. VAT refund
was in the past limited to purchases of trucks and company cars by corporate
and private owners. The imbursement application will be expanded to new
car purchases of passenger cars for company cars, as well. A whole refund
of 19% VAT will be limited to a vehicle only for business use. If a company
car is used by an employee for a private use as well, the VAT applicable
to private use of the car will be levied. |
|
|
Hungary
|
|
|
0.159
mil.
PC
|
0.12
mil. (-24%)
PC
|
MGE
(Magyar Gepjarmuimportorok Egyesulete) (Jan. 14, 2009)
|
|
|
Romania
|
RABLA
program
(Cash for clunkers program)
A subsidy of about 900 euros for one purchase of new vehicles in replacement
of more than 10 year old passenger cars including imports is provided by
the government for up to 60,000 cars. The cash for clunkers program, which
has been introduced as an economic stimulus plan since March 2009, is widening
the scope of its application by stages, because the limit has not yet been
reached. While purchases only by cash or bank loan were eligible in the
first phase up to the end of May, leasing became also eligible during the
second phase from June 1 to August 31. During the third phase from September
1 to December 11, sales to corporate buyers became qualified in addition
to sales to individual customers, Out of 60,000 cars, 50,000 are allocated
to individuals and 10,000 to corporations. The incentive for corporations
is to continue until 2011.
|
|
n.a.
|
0.14
mil.
PC & CV
|
APIA
(Asociatia Producatorilor si Importatorilor de Automobile)
(Sep. 2009)
|
|
| Country |
Sales
Promotion Scheme |
|
|
2009
Forecast
(yr/yr)
Category
|
Organization
(Date of Announcement)
Remark
|
|
|
South
Africa
|
|
|
0.533
mil.
All types
|
0.383
mil.(-28.1%)
All types
|
NAAMSA
(Nov. 9, 2009)
0.417 mil. units in 2010
0.459 mil. units in 2011
>>>
NAAMSA release
|
|
0.533
mil.
All types
|
0.388
mil.(-27.2%)
All types
|
NAAMSA
(Aug. 11, 2009)
0.423 mil. units in 2010
0.465 mil. units in 2011
>>>
NAAMSA release
|
|
0.533
mil.
All types
|
0.420
mil.(-21.2%)
All types
|
NAAMSA
(May 15, 2009)
0.467 mil. units in 2010
0.513 mil. units in 2011
>>>
NAAMSA release
|
|
0.533
mil.
All types
|
0.448
mil.(-15.9%)
All types
|
NAAMSA
(Mar. 6, 2009)
0.533 mil. units in 2010
0.606 mil. units in 2011
>>>
NAAMSA release
|
|
0.533
mil.
All types
|
0.5
mil. (-6.2%)
All types
|
NAAMSA
(National Association of Automobile Manufactures of South Africa)
(Jan. 09, 2009)
PC: 305,500 (-7.2%)
LCV: 160,000 (-5.6%)
Mid-Heavy Truck & Bus: 34,500 (-0.5%)
|
|
|