What are the new regulations on used car policies?

[Judah]

The new regulation on used car policies is the comprehensive removal of the used car relocation restrictions. After the full cancellation of the used car relocation restrictions, it will standardize the used car transaction order and further unleash the potential of the used car market. Details of the cancellation of used car relocation restrictions: For used cars that meet the national emission and safety standards for in-use motor vehicles and are within the validity period of regular environmental inspections and annual inspections, relocation procedures can be processed. From the date of issuance of this implementation plan, the used car relocation restriction policies already implemented in 12 cities in eastern, western, and northern Guangdong will be abolished. Definition of used car relocation restrictions: Used car relocation restrictions refer to the restrictive policies imposed by some local governments that prohibit the registration of non-compliant out-of-town used cars. In essence, these are policy measures taken by local governments to protect their local car sales markets and prevent price shocks caused by a large influx of out-of-town used cars.