Significant Results of Consumer Goods Trade in in 2025

Since 2025, the Ministry of Commerce, together with various regions and relevant departments, has thoroughly implemented the decisions and deployments of the Party Central Committee and the State Council, solidly and orderly promoted the implementation of the policy of exchanging old for new consumer goods, and achieved significant results. By 2025, the sales of goods related to trade in will exceed 260 trillion yuan, benefiting over 360 million people. Among them, over 11.5 million cars were exchanged for new ones, over 129 million household appliances were exchanged for new ones, over 91 million digital products such as mobile phones were purchased, over 120 million homes, kitchens, and bathrooms were renovated, and over 12.5 million electric bicycles were exchanged for new ones. Specifically, see:

One is to support the continuous expansion of consumption. From January to November, the total retail sales of consumer goods in society increased by 4.0% year-on-year (the same below), accelerating by 0.5 percentage points compared to the same period last year, and the growth of social retail sales driven by the trade in of old goods exceeded 1 percentage point; The retail sales of household appliances have exceeded the trillion yuan mark for the whole year of 2024 and set a new historical high.

The second is to drive the upgrading and upgrading of industries. In the process of exchanging old cars for new ones, new energy vehicles account for nearly 60%, driving the retail market share of new energy passenger vehicles to exceed 50% for nine consecutive months, with November reaching 59.4%. In the process of exchanging old appliances for new ones, the proportion of first level energy efficiency (water efficiency) products exceeds 90%. The sales of communication equipment products have maintained growth for 11 consecutive months.

The third is to promote the green transformation of the economy. By 2025, the amount of scrapped cars will increase by 24.5%, achieving the recycling of approximately 9.6 million tons of steel and 1.3 million tons of non-ferrous metals such as copper, aluminum, and lithium, and reducing carbon emissions by approximately 24.5 million tons.

The fourth is to improve the quality of people's lives. Since the full implementation of the policy in September 2024, more than 480 million direct subsidies have been issued to consumers, and a large number of green, low-carbon, and intelligent new products have entered people's lives. By 2025, for every two new family cars sold, one will receive a car trade in subsidy. The number of old electric bicycles being phased out and updated has exceeded 9 times that of 2024, and the newly replaced electric bicycles all have product qualification certificates and CCC certificates that comply with current national standards. Lead acid battery vehicles with better safety account for about 90%.

The fifth is the prosperity of offline physical commerce. More consumers choose to experience shopping in store and enjoy subsidies, which in turn generates cross scenario consumption in leisure and entertainment, catering, and other areas. According to data from relevant institutions, in commercial districts where offline stores for home appliance trade in are more concentrated, the consumption of related merchants within a 1-kilometer radius has increased by over 30%.