Sales from the consumer goods trade-in program in 2026 totaled 502.94 billion yuan (about 73.76 billion U.S. dollars) by Sunday, benefiting 69.777 million people, according to the latest data released by the Ministry of Commerce.

By category, the automobile trade-in program involved over 1.67 million vehicles, driving new car sales of over 269.44 billion yuan (about 39.52 billion U.S. dollars).

Among them, over 472,000 vehicles were scrapped and replaced, generating sales of over 60.69 billion yuan (about 8.9 billion U.S. dollars), and over 1.198 million vehicles were traded in for new models, generating sales of over 208.75 billion yuan (about 30.62 billion U.S. dollars).

The home appliance trade-in program involved 27.023 million units, with sales reaching 111.09 billion yuan (about 16.29 billion U.S. dollars).

The purchase of new digital and smart products totaled 41.084 million units, with sales amounting to 122.41 billion yuan (about 17.95 billion U.S. dollars).