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Car plate auction price exceeds 90,000 yuan again

Shanghai's car plate auction concluded this morning, with 256,083 people signing up for the auction of 10,558 car plates, making the success rate standing at 4.1 percent.

Shanghai's car plate auction for August concluded this morning, with 256,083 people signing up for the auction of 10,558 car plates, making the success rate standing at 4.1 percent.

The average winning price for a car plate stood at 91,629 yuan (US$13,701) in August, down 621 yuan compared with 92,250 yuan last month.

The lowest bidding price for August was 91,600 yuan, down from 92,200 a month earlier.

The success rate of 4.1 percent this month is 0.3 percent higher compared with the rate of last month.Up to 269,189 people bid in last month's Shanghai auction for car plates and 3.8 percent of participants emerged victorious. 


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