In April 2018, the Ministry of Finance and the State Administration of Taxation jointly issued the Notice on Adjusting the VAT Tax Rate. Since May 1, the implementation of some tax policies will benefit the people's "wallet." Among them, the value-added tax rate in the manufacturing industry and other industries will fall from 17% to 16%. This policy is reflected in the automobile manufacturing industry and will significantly reduce the production costs of automakers.
On the first day of the implementation of the policy on May 1, Mercedes-Benz, Jaguar Land Rover and other auto makers issued a statement, taking into account the impact of the "Notice" of the policy of reducing the value-added tax rate on the price of vehicles. The manufacturer announced that it would immediately lower the official guidance for the sale of vehicle models in the domestic market. Price, up to 32,000 yuan. However, the editor of China Netcom visited the authorized dealers at the first time after receiving the statement. The news learned may disappoint you.
Mercedes-Benz said in a statement that since May 1, 2018, it has lowered the manufacturer's suggested retail price for vehicles sold. According to the relevant national laws and regulations, the retail price of terminal products for automotive products is set by each authorized Mercedes-Benz dealer.
For example, for some models, smart models will have a decrease of about 1,000-2,000 yuan, while C-class vehicles and GLC SUVs will have a decrease of about 2,000-4,000 yuan. The S-Class and Mercedes-Maybach will have different models. The decline of about 7,000-25,000 yuan, the highest decline in Mercedes-AMG models more than 32,000 yuan.
The two brands, Jaguar and Land Rover, announced on May 1 that they actively responded to the state's policy of lowering the value-added tax rate that was formally implemented on May 1. The Chinese government’s current sales of models will adjust the official guidance retail price from today, with a maximum reduction of 2%. Ten thousand yuan. In addition, the Lincoln official announced at the same time on May 1 that the price adjustments for its five models, ranging from 0.26-1 million yuan.
Subsequently, China Netcom editors visited some of the above three luxury brand authorized dealers. One person in charge of a Mercedes-Benz 4S store said that it has received notification of price adjustments, but it will not have too much effect on the final price that consumers purchase. Several other brand dealers also gave similar responses. Some insiders said that the price reduction was mainly due to the state's adjustment to the value-added tax of the manufacturing industry. Based on the overall performance of the market, the terminal market will not have too much impact in the short term.
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