Biz / Auto

Car plate price at 87,089 yuan this month

Shanghai's car plate auction for April concluded this morning, with 204,980 people signing up for the auction of 11,916 car plates, making the success rate standing at 5.8 percent.

Shanghai's car plate auction for April concluded this morning, with 204,980 people signing up for the auction of 11,916 car plates, making the success rate standing at 5.8 percent.

The average winning price for a car plate stood at 87,089 yuan (US$13,836) this month, down 1,087 yuan compared with 88,176 yuan last month.

The lowest bidding price for April was 86,900 yuan, down from 88,100 a month earlier.

The success rate of 5.8 percent this month is 1.3 percentage points higher compared with the rate of last month. Up to 217,056 people bid in last month's Shanghai auction for car plates and 4.5 percent of participants emerged victorious. 

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