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In the first half of the year, Tianjin Port’s automobile imports ranked the first in the country: Parallel import car market going well all the way

2018-08-10 17:15

The reporter learned from Tianjin Customs on August 7 that Tianjin Customs statistics show that in the first half of this year, the import cars at Tianjin Port was 176,000, accounting for 34.7% of the total national automobile imports in the same period, and the cumulative import volume ranked the first in the country. Among them, general trade imports were 117,000, accounting for 66.5%; bonded logistics imports were 59,000, accounting for 33.5%. Across the country, Europe, Japan and the United States are still the main source of imports from the Tianjin port.

The reporter learned that in terms of the parallel import car, the Tianjin Port Bonded Zone, which is called the barometer of the industry, has seen a lot of twists and turns in the first half of the year, but with parallel imports, more consumers are being imported and more and more people accept it so the market is still positive all the way.

In terms of the market, parallel imported cars go from the niche to the public.

At the China Tianjin Parallel Imported Car Boutique Expo 2018 held recently, the exhibition has received more than 500,000 visitors, and the exhibition visitors cover the entire age group. Several powerful car companies from the Tianjin Pilot Free Trade Zone have shown consumers a feast of parallel imported car experience consisting of luxury cars, best-selling cars and niche cars.

It is claimed that parallel imported cars are ushered in an increasing market share. A car dealer in the Tianjin Port Free Trade Zone told reporters that in the first half of this year, sales of parallel imported cars increased by 50% year-on-year. "Import tariffs are lowered, which is good for consumers, and promotes consumption upgrades to a certain extent, which leads to redemption demand." The car dealer said that parallel imported cars are moving from niche to masses.

In fact, parallel imported cars have not only become a characteristic business card in Tianjin, but the Tianjin Port Free Trade Zone can also be called the barometer of parallel imported cars in China. In 2017, the number of parallel imported cars in Tianjin Port totaled 12.22, accounting for 67.03% of the country, ranking the first in the country. In the first five months of this year, Tianjin Port imported a total of 43,000 cars in parallel, and its share still exceeded 60% of the country. "In addition to market demand, Tianjin Port has been continuously optimizing port services in recent years, improving customs clearance speed and reducing port fees. Tianjin Customs is also continuously optimizing measures to actively help enterprises to clear customs. There are more and better supports for the development of parallel import automobile industry,” the relevant person in charge of the Tianjin Parallel Import Automobile Distribution Association said.

Barometer: Tariff adjustment disturbs storage.

However, the reporter also learned in the interview that due to the release and implementation of the import tariff adjustment policy in the first half of this year, Tianjin Port’s import declarations and outbound shipments also experienced large fluctuations. A staff member of Tianjin Binhai International Automobile City Co., Ltd. told reporters that Tianjin has adjusted the limit of only three months of tax return time for imported cars to the port this year, and changed it to be stored in the warehouse indefinitely. The customs clearance time is decided by the dealer. Therefore, after the Ministry of Finance announced the reduction of tariffs, basically all imported cars arriving in the port stopped customs declaration, and the vehicles were parked in the warehouses of the ports. Therefore, there was also an explosion.

"The wait-and-see period starts from mid-May to late June and lasts for one and a half months. After June 20, due to new adjustments to the import tariffs on the US, the sales of imported cars have resumed. Parallel imported car including pickup trucks, Toyota Senna, Land Rover Range Rover, Mercedes-Benz GLE and GLS models are affected. "The staff said that during this time, the consumers who bought parallel imported cars in the Auto City came from the first-tier cities like Beijing, Shanghai, Guangzhou, etc. and other cities with purchase restriction policy. Due to the relatively abundant funds and the limitation of the validity period of the vehicle, these customers are not so sensitive to the tariff adjustment and price fluctuations. Therefore, there are many cases where dealers apply for separate customs declaration.

"Generally, the parallel imported cars ushered in a lot of twists and turns in the first half of the year. With the adjustment of the tariffs on imported cars, the Binhai car market has formed a low season in the three months of April, May and June. The industry insiders said that the parallel import cars have gradually formed a seller's market, and since June this year, the Tianjin Pilot Free Trade Zone has taken the lead in implementing the qualification system for guides for parallel import car buyers, and the sales market order is becoming more and more transparent. The legitimate rights and interests of consumers have been better protected.

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