[CMG Policy Radar] Several Measures to Foster and Expand Automotive Aftermarket Consumption

China Macro Group | policy · business · strategy 

What is it? 

A policy package intended to remove restrictions and cultivate new consumption in automobile modification, maintenance, vehicle leasing, recreational vehicles, motorsports and other automotive aftermarket activities.

Why does it matter?

It broadens automotive consumption policy from vehicle purchases towards spending throughout the vehicle-ownership lifecycle. This supports demand growth even as China’s new-vehicle market becomes increasingly mature.

Implications 

High. The policy may expand opportunities for foreign parts suppliers, repair-equipment producers, insurers, leasing companies and specialist service providers. Commercial impact will depend on subsequent standards for vehicle modification, certification and repair-data access.

Author:

Jack Lee

Analyst at CMG