The subsidy for replacing old cars with new ones has been implemented, and the automobile market is expected to achieve positive growth in the first quarter.

Recently, various car companies have successively disclosed their "report cards" for the first month of 2026. From the data that has been released, most car companies saw an increase in sales in January compared to the same period last year, but a decrease compared to the previous month. The latest Automotive Consumption Index released by the China Automobile Dealers Association shows that in January 2026, the automotive consumption index was 31.1, much lower than the previous month's 97.7. "It is expected that sales will decrease in February compared to January, as the market enters the off-season due to the Chinese New Year holiday," said the China Automobile Dealers Association. However, from the perspective of consumer environment, the implementation details of the "2026 Automotive Trade-in Subsidy Policy" will continue to drive growth in consumer demand for purchasing cars, and the rules for applying for and receiving trade-in subsidies in various regions are also gradually being implemented.