In 2026, the sales of new cars through trade-in promotions exceeded 50 billion yuan.

In 2026, the Ministry of Commerce, together with local regions and relevant departments, will deepen the work of exchanging old for new consumer goods, focusing on further optimizing policy implementation in areas such as automobiles to continue unleashing consumption potential. According to commerce big data, as of February 5th, there were 335,000 applications for subsidies for exchanging old cars for new ones in 2026, driving new car sales to 53.77 billion yuan, effectively promoting the development of the automobile market and resource recycling, promoting industrial upgrading and green transformation. In January, the average price of new cars participating in the exchange program exceeded 160,000 yuan, a significant increase over the previous year; nationwide, 659,000 scrapped cars were recycled, a 50.2% year-on-year increase.