Second-hand Vehicle and Auto Leasing Market Get Support
2009-05-25 Source：english.chinabuses.com
According to China’s development plan shows that it will take more steps to boost automobile demand by modifying the related policies and expanding the used car and auto leasing markets. Chinese premier Mr. Wen Jiabao says new growth areas of consumption will be fostered and developed. The second-hand vehicle and auto leasing markets would be standardized and rapidly developed. The premier said the government will also modify the related policies to guide and forge a healthy consumption pattern in the automobile market, one of the key sectors that would stimulate domestic demand and drive economic growth.
Shen Rong, vice-president of China Automobile Dealers Association (CADA), confirmed that it is now drafting a new standard for used vehicle appraisal and evaluation. "The related government departments are doing research to modify the policy on the sector and establish a public information platform for used vehicles, in a way to standardize the market, and encourage the circulation of used cars," said Shen.
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