Hubei: Over 210,000 Consumers Swap Old Cars for New Ones, Driving 3.25 Billion in Car Sales
Opinion Net News: As of August 1, 2025, over 210,000 residents in Hubei Province have applied to update and replace their old cars and received subsidies for doing so, driving 3.25 billion yuan in car sales.
In terms of replacing old with new cars, new energy passenger vehicles accounted for 57%, and the pace of car consumption has accelerated towards greenization and intelligence. This data highlights the trend of upgrading consumer spending.
By the end of August, the province will issue a total of 1 billion yuan in "Hubei's Midsummer Shopping Festival" coupons for retail and catering consumers, including car after-sales service vouchers. This is the first time such a coupon has been issued in this region, providing preferential treatment for buying tire replacements, motor oils, and other maintenance products to promote car consumption.
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