In recent months, with the rapid increase in the number of participants, the bidding rate of Shanghai license plate auctions has plummeted. The number of participants in this month has exceeded 135,000, and the winning rate has reached a new low.
At the end of noon on the 29th, the amount of Shanghai private car bidding auctions in June was 7,400, which was the same as last month. The transaction price was only slightly lower than that of the previous month. The lowest bid price of Shanghai private car license this month was 73,800 yuan, compared with last month. It fell 600 yuan; the average winning bid price this month was 73,896 yuan, down 607 yuan from the previous month, and it was the first time in recent months that it fell.
In order to curb the rapid increase in the auction price of private car licenses, at the end of 2013, the Shanghai Municipal Transportation Authority clarified that the control measures for license plate prices will be long-term, determine the total amount of 100,000 license plates in the year, and guide the rational bidding of license plates. The “warning price†was set at 72,600 yuan for the whole year of 2014. At present, these regulatory measures have received results, and the auction price of Shanghai license plates is relatively stable.
However, due to the enthusiasm of the citizens, the number of private car bids has rapidly increased. The number of bidders has reached 135,677 this month, a sharp increase of about 20,000 from last month, and more than three times that of the beginning of this year.
The direct impact of the surge in the number of participants is that the winning bid rate has plummeted, only 5.4% this month, a drop of more than one percentage point from the previous month, and also hit a new low.
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