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Car plate auction price edges down in September, but still exceeds 90,000 yuan

Shanghai's car plate auction concluded this morning, with 250,566 people signing up for the auction of 12,413 car plates, making the success rate standing at 5 percent.

Shanghai's car plate auction for September concluded this morning, with 250,566 people signing up for the auction of 12,413 car plates, making the success rate standing at 5 percent.

The average winning price for a car plate stood at 91,415 yuan (US$13,956) in September, down 214 yuan compared with 91,629 yuan last month.

The lowest bidding price for September was 91,300 yuan, down 300 yuan from 91,600 a month earlier.

The success rate is 0.9 percentage points higher compared with the rate of last month. Up to 256,083 people bid in last month's Shanghai auction for car plates and 4.1 percent of participants emerged victorious. 

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