On August 22, news from the Shanghai transportation department, Shanghai used car license plates will be included in the auction platform during the year, and the relevant refinement policy will be introduced before the end of the year. This is considered by the industry to be expected to curb speculation in Shanghai.
According to reports, after the introduction of the policy, when the used car is traded, the vehicle and license quota will be separated, and no private transactions can be made. Instead, the private car will be included in the auction platform for public bidding.
Shanghai is the first city in China to auction licenses (1994). However, in the past two years, the auction price of Shanghai license plates has been high, so that the small-scale iron sheet of Shanghai has “worth†tens of thousands of yuan.
The data shows that in 2013, the price of Shanghai license plate has been higher than 70,000 yuan (RMB, the same below). In March of that year, the average transaction price even climbed to 918,98 yuan, which is staggering. Then Shanghai repeatedly issued "warning price" (the bidder's first bidding stage can not be higher than the "warning price") and other measures to combat speculation in Shanghai license plate speculation.
In 2014, Shanghai trially set the same “warning price†every month for the whole year – RMB 72,600. The relatively stable price led to a large increase in the number of people who took the cards. The winning rate even fell to 5.4% in July. Some dealers questioned that such a low bid rate is equivalent to a high price.
At the end of June this year, the Shanghai official once again “takes out†and introduces a new policy to directly restrict the bidder’s qualifications. It requires the bidder not only to hold a valid identity certificate, Shanghai residence certificate (excluding the Temporary Residence Permit), but also to submit a valid and legal machine. Motor car driver's license. And the bidder has obtained the personal bus quota through the auction since July 2014, and may not register again for the auction within 3 years.
Under the New Deal, the number of auctions of Shanghai license plates rose sharply. The momentum of the auction was slightly eased. In August, this year’s “first drop†was held. The number of participants in the month exceeded 120,000, and the average auction price was 73,785 yuan. Shanghai traffic management department has "sounded" this time, and plans to include used car license plates in the auction platform, and it is expected to pour a "cold water" to the overheated Shanghai brand.
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