No cheap plates | Shanghai Daily

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December 15, 2014

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No cheap plates

IT will no longer be possible to win a car plate at this month’s auction with a starting price of 10,000 yuan (US$1,634), officials said.

They said 613,196 people will vie for car plates at this month’s auction compared to 545,788 in November.

A total of 2,224 car plates will be auctioned with 2,049 for individuals and 175 for institutions. The chance of winning a car plate will be slimmer, officials said.

Last month only 520 people participated in the bids and some 700 plates were not claimed. This led to a big surge in bidders this month, officials added.

Also this month, 5,559 car plates will be issued through a lottery with 4,848 slated for individuals.

The auction will be held on December 25, and the lottery on December 26.




 

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