Ministry of Commerce: In the first quarter of 2026, sales from trade-in of consumer goods exceeded 430 billion yuan

Ask AI · Automotive trade-in program sales account for more than half—what are the key factors behind it?

On April 3, Cailian Press, the reporter learned from the Ministry of Commerce that, according to major commerce data, from January to March 2026, sales of consumer goods under trade-in programs exceeded 4331.7 billion yuan, benefiting 60.93 million person-times. Specifically: sales from automotive trade-in programs reached 2286.9 billion yuan. From January to March, a total of 1.408 million subsidy applications were received for automotive trade-ins, driving sales of new cars of 2286.9 billion yuan. Among them, 0.403 million applications were for scrappage-and-update subsidies, driving sales of 519.6 billion yuan; 1.005 million applications were for replacement-and-update subsidies, driving sales of 1767.3 billion yuan. Sales of home appliance trade-ins and purchases of digital and smart products totaled 2044.8 billion yuan. From January to March, 59.525 million units of six categories of home appliance trade-ins and purchases of digital and smart products were sold, driving sales of 2044.8 billion yuan. Among them, 23.205 million units of home appliance trade-ins drove sales of 954.3 billion yuan; 36.320 million units of purchases of digital and smart products drove sales of 1090.5 billion yuan.