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May 11, 2015

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HomeCity specialsHangzhou

Car plate price surge

The average price of car plates auctioned last month was 26,111 yuan 鈥 4,795 yuan more than the previous month.

It was the biggest price hike since the Hangzhou government set a price ceiling on bids last December.

The surge was partly attributed to an amendment to regulations requiring bidders to have a driving license, that takes effect this month.

Last month was the final opportunity for those without a driving license to bid for a plate. As well as the auction, the city also holds a lottery every month to issue car plates.


 

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