"Double Opposition" policy has a lot of impact on imported auto market

Starting from December 15, the Ministry of Commerce will formally implement "double countermeasures" for some imported cars in the United States. The Ministry of Commerce issued an announcement that according to the Regulations of the People's Republic of China on Anti-dumping and the Regulations of the People's Republic of China on Anti-subsidy, it will impose anti-dumping duties on imported cars and off-road vehicles with a displacement of 2.5 liters or more originating in the United States. And countervailing duties, the implementation period is 2 years.

According to the anti-dumping tax rate and the countervailing duty rate, the tax rates for U.S. General Motors and Chrysler autos are relatively strict. Among them, 8.9% anti-dumping tax rate and 12.9% countervailing duty rate are imposed on GM, and 8.8% anti-dumping tax rate and 6.2% countervailing duty rate are imposed on Chrysler autos. Ford Motor Co., Ltd. has opened up its network without signing up.

In addition, although the double tax against the United States imported cars, but BMW and Mercedes-Benz two major German luxury car brands will be dragged down, because the two luxury cars in the production are heavily dependent on the United States factory, and its US subsidiary is also China's double anti-tax coverage. According to an announcement issued by the Ministry of Commerce, a 2.7% anti-dumping duty on Mercedes-Benz American International Inc. will be collected, and a 2.0% anti-dumping duty will be levied on the BMW Spartanburg factory.

In this regard, relevant experts in the industry stated that “at present, China imposes a tariff of 25% on vehicle imports, and the implementation of the final ruling will have a greater impact on some imported vehicle companies. The most direct effect is that the prices of the relevant models will be significantly higher. "The statistics show that in 2010, imported cars with a 2.0-liter or more originating in the United States accounted for 10%-15% of the imported car market in China, of which 2.5-liter models accounted for 7% of China's imported car market. At present, the main models imported from GM to China include Cadillac and Chevrolet Corp. and Kemero. Imported Cadillac models all exceeded 2.5L, which was affected greatly. The Chevrolet Kopaci displacement was 2.4L and was not affected. The Chevrolet Camaro's displacement just listed is 3.6L, which has a greater impact.

The people of Zhongqi Auto Trade believe that such a tax rate will reduce the competitiveness of U.S. General Motors and Chrysler in the Chinese market and affect the sales of these brands for a period of time. If the average price per vehicle is 400,000 yuan and the annual import volume is set at 30,000 or so, then the amount involved in this case is roughly 12 billion yuan, which is considered to be a very significant measure.

However, on the whole, the symbolic significance of the "double countermeasures" adopted by the Ministry of Commerce for American cars is greater than their substantive significance. Judging from China's current import country, Germany ranks first, followed by Japan, and the United States does not have much. As far as the Chinese market is concerned, GM’s imports of vehicles account for less than 0.5% of its total domestic production. Of the top 15 brands imported, only Cadillac was selected and ranked last. The number of imported cars affected was only over 10,000 vehicles. Of course, this move will create space for other automakers to compete in China. Therefore, it is natural that “someone is happy and some worry” when it comes to “double counter” measures.