On May 20, reporters conducted an on-site visit to the automotive market and observed that the "trade-in" policy has significantly revitalized consumer activity in the sector. According to data from the Ministry of Commerce, the number of nationwide applications for vehicle trade-in subsidies has surpassed 10 million. Several executives from automobile companies affirmed that the policy has had a profound impact on boosting sales, with their companies also offering complementary subsidies. Furthermore, consumers are increasingly opting for new energy vehicles in trade-in deals. The introduction of new models and promotional initiatives by automakers has further ignited consumer enthusiasm in the automotive market.
