Home
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Rural tourism: Success depends on more than just green fields and a nostalgic idyll
Living in the iron grip of our mobile devices
Sunday
- Subscribe
Cost of car plates drops
By Jin Jing |
June 20, 2010, Sunday
|
Print Edition
Print Edition
IN contrast to the scorching weather, market demand for private car licenses in Shanghai was cooler this month after the city government increased the quota.
The average price for a car license dropped 1,882 yuan (US$276) to 40,380 yuan (US$5,921), the organizer of the monthly auction said yesterday.
The lowest bid was 39,200 yuan, a drop of 2,700 yuan from May's record of 41,900 yuan.
Car plate prices had been picking up over the past eight months in Shanghai and were at their highest since January 2008, driven by brisk vehicle sales nationwide.
Dealers said the main reason for the June downturn was the increased quota.
The government put 9,200 car plates under the hammer this month, 700 more than in May. The quota was also the second highest over the past two years after the 9,300 in March 2008.
Industrial analysts said the higher quota helped ease bidders' anxiety and made their bidding more rational.
Also, vehicle sales have been slowing down after peaking last year, curbing demand for car plates.
The number of bidders remained almost unchanged this month at 16,252.
The average price for a car license dropped 1,882 yuan (US$276) to 40,380 yuan (US$5,921), the organizer of the monthly auction said yesterday.
The lowest bid was 39,200 yuan, a drop of 2,700 yuan from May's record of 41,900 yuan.
Car plate prices had been picking up over the past eight months in Shanghai and were at their highest since January 2008, driven by brisk vehicle sales nationwide.
Dealers said the main reason for the June downturn was the increased quota.
The government put 9,200 car plates under the hammer this month, 700 more than in May. The quota was also the second highest over the past two years after the 9,300 in March 2008.
Industrial analysts said the higher quota helped ease bidders' anxiety and made their bidding more rational.
Also, vehicle sales have been slowing down after peaking last year, curbing demand for car plates.
The number of bidders remained almost unchanged this month at 16,252.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
