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License plate sales to get system upgrade
Print Edition
THE computer system used to handle online license plate auctions will be upgraded ahead of the next sale on Saturday in an effort to provide a better service to the public, the city’s transport authority said yesterday.
After receiving repeated complaints about congestion on the bidding website, especially during the closing minutes of the auctions, the Shanghai Transport Committee said it will upgrade its servers to provide increased capacity.
Bidders tend to wait until the dying seconds of the allowed bid time to maximize their chances of success. With 8,200 private plates up for grabs at Saturday’s auction — 800 more than in March — competition is once again set to be fierce.
This month also sees the introduction of a new rule that allows registered bidders to take part in six separate monthly auctions, twice as many as before.
Anyone who registered before April, and has yet to use up their quota will be entitled to take part in a further three auctions, the committee said.
In last month’s auction, 62,000 people chased 7,400 plates, representing a winners-to-bidders ratio of just 12 percent, the lowest since August 2008. The successful bidders paid an average of 73,872 yuan (US$11,890), 1,272 yuan above the first-round bid ceiling of 72,600 yuan.
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