Ministry of Commerce: Applications for car trade-in subsidies exceed 4 million

★ Posted on 01-18,2025

On November 19, the latest data from the Ministry of Commerce showed that as of 24:00 on November 18, the number of applications for vehicle scrappage renewal and replacement renewal subsidies nationwide both exceeded 2 million, with a total of more than 4 million share.

In terms of specific sales data, retail sales of passenger cars reached 2.261 million units in October, a year-on-year increase of 11.3%. Among them, the retail sales of new energy passenger vehicles were 1.196 million units, a year-on-year increase of 56.7%.

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Editor: Guan Xuetao

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