2026 Auto Trade-In Program Drives Over ¥53.7 Billion in New Vehicle Sales

In 2026, the Ministry of Commerce, in collaboration with local authorities nationwide, continues to advance the "trade-in for new" program for consumer goods, with a particular focus on the automotive sector. By optimizing policy implementation, the initiative has effectively unlocked consumer spending potential. According to business big data, as of February 5, a total of 335,000 applications for automotive trade-in subsidies have been processed nationwide, driving RMB 53.77 billion in new vehicle sales. In January, the average transaction price of new cars purchased through the trade-in program exceeded RMB 160,000, marking a significant increase compared to the previous year. Meanwhile, the number of end-of-life vehicles collected nationwide in the same month reached 659,000 units, up 50.2% year-on-year. This policy has not only revitalized the auto market but also accelerated resource recycling and the green transformation of the industry.