At the press conference of the State Council Information Office held on June 23, the relevant person in charge of the Ministry of Commerce said that as of June 22, the trade-in of consumer goods has driven the sales of related goods to 5 trillion yuan, benefiting 630 million people.
Among them, car trade-in sales accounted for 63%, playing a positive role in benefiting people's livelihood, expanding consumption, optimizing industries, and promoting recycling.

Since the implementation of the car trade-in policy for more than two years, it has supported more than 21 million people to trade in new cars.The policy also promotes the replacement and circulation of cars and drives the consumption of second-hand cars.At the same time, the automobile trade-in policy has supported the consumption of more than 12 million new energy vehicles, promoting the transformation of the automobile industry into a green and intelligent industry; it has promoted the scrapping and recycling of more than 8 million old vehicles, allowing nearly 10 million tons of renewable resources such as steel and aluminum to be recycled.

Director of the Department of Market Operation and Consumption Promotion, Ministry of CommerceYang Mu: In the next step, the Ministry of Commerce will take more practical measures to promote the replacement of old cars with new ones to improve quality and efficiency, optimize convenience services, and guide various localities to continue to improve payment efficiency, so that subsidy funds can reach consumers efficiently and directly.Optimize digital intelligence empowerment, iteratively upgrade the trade-in information system, further facilitate subsidy application and review, and optimize the participation experience.

