Shanghai: Continue to carry out activities for trading in old cars for new ones, fully unleashing the potential of automobile consumption.

The Shanghai Municipal Commission of Commerce recently issued the "2026 Shanghai Consumer Expansion Action Plan", which includes accelerating the promotion of car renewal consumption. Continuously carry out activities to trade in old cars for new ones, fully unleashing the potential for car consumption. Support eligible consumers in applying for special quotas for new energy vehicles, and implement policies to reduce the purchase tax for new energy vehicles. Smooth the automobile circulation chain, promote the accelerated elimination and renewal of old vehicles. Cultivate and strengthen the main bodies of the used car business, continue to implement facilitation measures such as canceling restrictions on the transfer of used cars, "reverse invoicing" for the sale of used cars, and registration of transactions in different places. Encourage automobile production enterprises to introduce preferential measures for trading in old cars for new ones, and conduct automobile sales or leasing of old cars in cooperation with self-operated or used car dealership enterprises.